NATIONAL Infosys to invest Rs 1,500 crore in software campus Infosys Technologies Ltd plans to set up a software development centre, which will generate employment for 25,000 people and also establish residential facilities and essential amenities like a school and a hospital with a total investment of Rs 1,500 crore in the first phase.
Inflation rises to 4.62 pc; FM says it's moderate Rise in prices of fruits, edible oil, cement, chemicals and machine tools pushed up inflation to 4.62 per cent in the first week of October, but Finance Minister P Chidambaram maintained that it was still 'moderate'.
Tata Coffee Q2 net up 136 per cent at Rs 6.62 crore Helped by good performance in plantation operations, Tata Coffee today (Oct 21, 2005) reported that its second quarter net profit jumped 136 per cent to Rs 6.62 crore compared to the corresponding period of the last fiscal.
'Faster reforms for higher growth, reasonable taxes' Finance Minister P Chidambaram today (Oct 21, 2005) said financial sector reforms will be given top priority and assured the industry of moderate and reasonable tax rates.
Sun Microsystems launches enterprise-class systems Sun Microsystems today (Oct 21, 2005) announced India availability of its latest family of enterprise-class x64 (x86, 64-bit) multi-core available servers.
Pull-back rally lifts sensex by 134 pts, halts slide Spurred by hectic shortcovering and fresh FIIs buying, the sensex today (Oct 21, 2005) staged a strong pull-back rally of 134 points to end at 8068.95, snapping six-session losing streak and instilled renewed investor confidence.
Cisco invests US$ 50 mn in new campus at Bangalore As part of its global strategy to develop India as one of its largest R and D centre outside the US, networking major, Cisco Systems today (Oct 21, 2005) announced its plans to invest US dollar 50 million in developing a new one million square foot campus on the city outskirts here.
Shareholders show 'reliance' over RIL demerger plan In a gesture that would represent the faith a common investor has upon brand 'Reliance', the Extraordinary General Meeting of Reliance Industries Ltd today (Oct 21, 2005) virtually cleared the demerger of group companies, giving nod for proposed changes in the shareholding pattern.
Shareholders approve RIL demerger scheme in EGM A majority of the shareholders of Reliance Industries Limited (RIL) today (Oct 21, 2005) approved the demerger of the company's power, finance and telecom businesses at an Extraordinary General Meeting (EGM) held here.
RIL EGM begins voting on shareholding pattern The extra ordinary general body meeting of shareholders of Reliance Industries Limited (RIL) began here today (Oct 21, 2005) to vote for the proposed change in the share holding pattern following a spilt between the two brothers Mukesh and Anil Ambani.
Rupee still strong; FIIs here to stay for long: FM Finance Minister P Chidambaram today (Oct 21, 2005) maintained that the rupee was 'still strong,' despite yielding ground to the dollar, and noted that the Indian currency had gained against other major currencies like euro, pound and yen.
SEBI to allow short selling by institutions this yr Short selling by institutions will be allowed by this calendar year, Security and Exchange Board of India (SEBI) Chairman M Damodaran said today (Oct 21, 2005).
Sensex witnesses high volatility during early trade The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Oct 21, 2005) witnessed high volatility during early trade on alternate bouts of buying and selling in the light of heavy Foreign Institutional Investors (FII) withdrawals amid indications of more interest rate hikes by the Federal Reserve.
INTERNATIONAL Oil prices falls below US$ 60 as hurricane eases Oil prices weakened further in Asian trading today (Oct 21, 2005) as the threat from Hurricane Wilma eased amid signs that US demand is tapering, dealers said.
