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Home -> Finance -> News

NATIONAL
Intuit opens India Center, to hire 300 engineers
Intuit, California-based developer of small business accounting and personal finance software, today (Nov 15, 2005) formally opened its first product development and innovation center in India here, announcing plans to hire 300 engineers over the next five years.

Bonus enhancement for LIC policy holders: FM
Union Finance Minister P Chidambaram today (Nov 15, 2005) announced enhancement of bonus for policy holders of the Life Insurance Corporation of India (LIC).

SEBI to ease norms for public offers, de-listing
Market regulator SEBI today (Nov 15, 2005) said it would ease norms for public offers and de-listing of shares shortly, but step up market surveillance.

3COM launches platform with security features
3COM today (Nov 15, 2005) launched Tipping Point X505 that the company said makes businesses more secure and efficient by extending IPS (Intrusion Prevention System) with Firewall, VPN, bandwidth management, web content filtering and additional security features.

Kufner to expand in India, eye US$ 10 million sales
Munich-based Kufner, a company specialising in development and production of interlinings for all applications in the clothing industry, announced expansion plans in India by establishing a limited liability company, a warehousing capability and technical studios with an aim to reach business volumes of US$ ten million in 2-3 years.

Don't dilute Govt stake in state-owned firm: CITU
Communist Party of India (CPI) Marxist (M) affiliated Center of India Trade Unions (CITU) today (Nov 15, 2005) appreciated the Center's decision not to disinvest 'Navratna' PSUs but cautioned against diluting Government stake in state-owned profit-making companies.

3 'Cs' to drive banking sector: Finance Minister
Competitiveness, consolidation and convergence will drive the banking industry in the future, Union Finance Minister P Chidambaram said today (Nov 15, 2005).

Markets closed on account of 'Guru Nanak Jayanti'
Select markets such as the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Money Market and Foreign Exchange (FOREX) will remain closed today (Nov 15, 2005) on account of 'Guru Nanak Jayanti'.

INTERNATIONAL
Air Sahara enters US markets through code sharing
Air Sahara today (Nov 15, 2005) entered the American airline market through a code sharing arrangement with American Airlines (AA).