NATIONAL 'India must open up to achieve full trade potential' Pointing that India was under performing by 70-80 per cent of its trade potential, UNCTAD Chief Supachai Panitchpakdi today (Nov 28, 2005) stressed on further opening up and infrastructure development for greater competitiveness and economic benefits.
Sensex zooms past 9000-mark, ends at 8994.94 points The sensex today (Nov 28, 2005) crossed the 9000-mark and after touching an intra-day historic high of 9005.63, ended at a new closing peak of 8994.94 points at the Bombay Stock Exchange (BSE) on frantic buying activity by Foreign Institutional Investors (FIIs).
Bank M&A needed; FDI hike in insurance reforms: FM Asserting that insurance and pension reforms were underway, the Government today (Nov 28,2005) said there was 'tremendous' need for consolidation to enable banks gain financial muscle and absorb risks in the years to come.
BPOs units covered under labour laws: Government Government today (Nov 28,2005) said the booming Business Processes Outsourcing (BPO) units are covered under the existing labour laws and state governments could deal with violation of laws in the sector.
BSE Sensex crosses 9000-mark on heavy buying spree The Sensex today (Nov 28, 2005) crossed the magical figure of 9000-mark and touched a life-time peak of 9000.32 points at midsession at the Bombay Stock Exchange (BSE) on frantic buying spree by Foreign Institutional Investors (FIIs) and well supported by local operators as well as retail investors.
'Loads of FDI could drive India's economic growth' With the firm belief that only loads of foreign capital could drive economic growth, India today (Nov 28, 2005) assured top CEOs of simplifying investment procedures, even as it portrayed infrastructure hiccups like bad roads and ports as an opportunity for wealth creation.
Sensex zooms close to 9000-mark in early trading The Sensex today (Nov 28, 2005) started sharply higher and rose further to a high of 8970.28 within the first ten minutes of trading at the Bombay Stock Exchange (BSE) due to sustained heavy buying activity.
'Generous' dividend pay-outs for Wipro shareholders Shareholders of NYSE-listed Wipro including its chairman Azim Premji with his 81 per cent holding, can expect rich windfall as the soap-to-software maker is considering 'generous' dividend pay-outs from its approximate one billion dollar cash reserves.
