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Home -> Finance -> News

NATIONAL
Microsoft launches new application platform products
Microsoft here today (Nov 7, 2005) launched SQL Server 2005 and Visual Studio 2005, the latest version of its database software and development tool.

HC to hear RIL petition on demerger scheme on Nov 25
The Bombay High Court will hear on November 25 the petition filed by Reliance Industries Ltd (RIL) seeking the court's approval of a scheme to demerge the company into four new entities as part of a settlement reached between Ambanis Mukesh and Anil.

Sensex extends gains to fourth day, 134 pts up
Riding high on renewed Foreign Institutional Investors (FII) inflows, the Sensex extended its winning streak to the fourth straight day today (Nov 7, 2005) and ended 134 points up at three-week high of 8,206.83 as market valuations remained attractive amid weak trend in SouthEast Asian markets on the first day of the week.

FM to meet bankers to review PSU banks' H1 results
Finance Minister P Chidambaram is slated to meet bankers on November 18, to review performance of PSU banks and discuss ways of augmenting their capital by Rs 60,000 crore in the next 5-6 years.

IT future under scanner after waning infrastructure
Perhaps for the first time since its emergence as the Silicon Valley of India, the future of Information Technology in Bangalore has come under the scanner following reports of stagnated infrastructure and the row between Janata Dal-Secular chief H D Dev Gowda and Infosys chief mentor Narayanamurty.

Enhanced FDI ceiling of 74 pc in Telecom: Government
The Government today (Nov 07, 2005) notified enhanced Foreign Direct Investment ceiling of 74 per cent in telecom with the management control to be in hands of Indian company.

HeroITES awarded BS 7799 certification by KPMG
HeroITES, the independent SBU of the Rupees 10,000 crore Hero Group, a premier provider of International Contact Center/ BPO services, has been awarded the BS 7799 -2:2002, the globally recognized standard for information security management.

Sensex up by 80 points during morning trade today
The Bombay Stock Exchange Benchmark 30-share Index (sensex) today (Nov 7, 2005) surged past 8100 level after a promising start and was up by 80 points at 10.30 am on sustained buying support from investors amid weak trend in Asian markets during early trade.