NATIONAL Micro-insurance regulations notified by Government To increase insurance coverage of the poor, the Government has notified micro-insurance regulations that will allow life and general insurers to tie up for offering a combined policy that will cover risks of lives, crop, huts, livestock's and tools at an affordable cost.
Reliance to execute pilot ULG project at Rs 1,200 cr Hoping to get a major block from the Government, Mukesh Ambani-led Reliance Industries Ltd (RIL) is all set to execute a pilot Underground Lignite Gasification (ULG) project that may entail an investment of up to Rs 1,200 crore at Baspa in Rajasthan.
HSBC sees India growing by over 7 pc; Invests $150mn After investing USD 150 million this year, global banking major HSBC is willing to step up investments in India as it expects the economy to sustain over seven per cent growth in coming years.
Sensex up by 109 pts, ends at a new high of 8853.21 The Sensex today (Nov 25,2005) extended its sharp rise for the third straight day today on the Bombay Stock Exchange (BSE) and shot up further by 109.17 points to end at a new high of 8853.21 on hectic buying activity.
The BSE benchmark 30-share senstive index, after a firm start at 8760.70 as against yesterday's close of 8744.04, shot up to an intra-day new peak of 8863.93 and later ended at a high of 8853.21, showing a steep rally of 1.25 per cent over the previous close.
Developed nations to deliver cuts in farm subsidies India today (Nov 25, 2005) made it clear that agriculture was central to any deal at World Trade Organization (WTO) and developed countries must deliver 'real' cuts in farm subsidies for any movement in trade talks.
Mumbai HC puts on hold the RIL demerger scheme The Bombay High court today (Nov 25,2005) put on hold the demerger scheme of Reliance Industries Ltd (RIL), seeking approval for changes in the shareholding pattern as settlement between Ambani siblings Mukesh and Anil, after a shareholder objected to the proposal saying it was lacking in some aspects.
High Court adjourns RIL demerger scheme till Dec 2 The Bombay High Court today (Nov 25, 2005) adjourned till December two the demerger scheme by Reliance Industries Ltd seeking its approval for the proposed changes in shareholding pattern as settlement between Ambani siblings Mukesh and Anil.
ONGC ready to buyback its holding with IOC, GAIL Oil and Natural Gas Corporation (ONGC) today (Nov 25, 2005) said it was willing to buyback the company's holding with IOC and GAIL and has no immediate plans to divest the stake it holds in IOC and GAIL.
Sahara pays Rs 2500 to passengers for inconvenience Seventy passengers of a Sahara Airlines flight onboard to Kolkata from Mumbai, who complained about poor arrangements for food and accommodation of Lucknow after the aircraft was diverted there were paid Rs 2500 each yesterday (Nov 24, 2005) by the carrier.
Sensex rises by 47 points during early trading The Sensex today (Nov 25, 2005) started on a strong note and rose by 47 points at the opening session on the Bombay Stock Exchange (BSE) due to persistent buying, mainly by Foreign Institutional Investors (FIIs).
Bombay HC to hear Reliance demerger scheme today The Bombay High Court would hear today (Nov 25, 2005) the demerger scheme of Reliance Industries Ltd for a proposed change in shareholding pattern as settlement between Ambani siblings Mukesh and Anil.
INTERNATIONAL Air Deccan awarded Aircraft Leasing deal of the year Air Deccan, India's No 1 low cost Airline has constantly been pursuing its vision of 'empowering every Indian to fly'. The airline does so by providing lowest airfares and connecting unconnected cities.
