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Home -> Finance -> News

NATIONAL
Tyre firm JK Industries to expand Mysore facility
Four-wheeler tyre manufacturer JK Industries plans to expand its Mysore facility to quadruple its production of bus and truck radials there to 15 lakh tyres per annum in five years by investing Rs 180 crore, a senior company executive said today (Oct 20, 2005).

InstaColl partners with Sun Mircrosystems Pvt Ltd
InstaColl, the 'innovative collaboration' offering pioneered by Hotmail founder Sabeer Bhatia, and Sun Microsystems India Pvt. Ltd, announced a sales, marketing and technology partnership to deliver a Solaris 10 and Linux based secure collaboration appliance servers.

I'm hurt by Gowda's unqualified remarks: Murthy
Hurt by attacks against him by former Prime Minister and Janata Dal-Secular (JDS) supremo H D Deve Gowda, Infosys Chairman and Chief Mentor N R Narayana Murthy today (Oct 20, 2005) resigned as Chairman of the Bangalore International Airport Authority Limited (BIAL).

Accion-Unitus to offer microfinance services to poor
Two of the world's leading microfinance organisations Accion International and Unitus together are looking at providing microfinance services to 15 million of India's under-privileged within the next 10 years.

Sensex ends 36 points down after impressive rise
The sensex took a big downswing of 297 points after staging a sharp pull-back rally during early trade and today (Oct 20, 2005) ended the day 36 points down at 7935.12 as Foreign Institutional Investors (FIIs) pressed the sell button sending shudders down investors' spine.

TCS acquires Sydney-based FNS in all-cash deal
Tata Consultancy Services has acquired Australian core banking solutions vendor Financial Network Services (FNS) for USD 26 million, in an all-cash deal that's set to strengthen its presence in the banking and financial services products space globally.

Narayana Murthy resigns from Chairmanship of BIAL
N R Narayana Murthy, Chairman and Chief Mentor, Infosys Technologies Ltd, has resigned from the Chairmanship of the Bangalore International Airport Limited (BIAL) following a remark made by former Prime Minister and Janata Dal Supremo H D Deve Gowda.

Sensex shows an impressive rise during morning trade
The benchmark Sensex index displayed a spectacular rise on the Bombay Stock Exchange in early trade today (Oct 20, 2005) lifting Sensex to cross 8100 mark on aggressive buying by funds.