NATIONAL Sensex recovers smartly, shoots up by 156 points The Sensex today (Dec 1, 2005) shot up by vengeance and gained by a 155.97 points to close at 8944.78 at the Bombay Stock Exchange (BSE) on revival of heavy buying activity encouraged with firm Asian advices.
Our refinery margins will go down: IOC Chairman With crude oil prices easing and product prices also coming down, Indian Oil Corporation is faced with lower refining margins and the company will take a hit, its Chairman Sarthak Behuria said today (December 1, 2005).
Wipro technologies inaugurates next generation GCC Wipro Technologies, the global IT services division of Wipro Limited, today (December 1, 2005) unveiled its next generation "Global Command Center" (GCC) for remote infrastructure management services here to ensure its customers a technology agnostic, secure managed services environment.
ONGC says 95 pc investment in domestic oil hunt State-owned Oil and Natural Gas Corp, which is facing Petroleum Minister Mani Shankar Aiyar's ire for its plans to diversify, today said 95 per cent of its Rs 14,354 crore investment next fiscal will go into domestic oil hunt and it will raise oil output by 8 per cent in 2006.
Aiyar rules out immediate petrol price reduction Government today (Dec 1, 2005) ruled out immediate reduction in prices of petrol and diesel even as the rates of crude in the international market have been softening since September.
Genpact-Wachovia ink pact, establish offshore company Genpact, formerly GE Capital International Services, and Wachovia Corporation, one of the largest providers of financial services in the US, today (Dec 01, 2005) jointly announced that the companies have signed an agreement for Genpact to establish an offshore operation to support Wachovia's business process outsourcing efforts.
Broadcam to maintain its 'recruitment focus' on India Broadcom Corporation, US-based global leader in wired and wireless broadband communications semiconductors, today (Dec 01, 2005) said Indian companies were on its 'radar screen' for possible acquisition.
Decision on airports' modernisation after eGoM meet The government will take a final decision on restructuring and modernisation of Delhi and Mumbai airports only after the empowered Group of Ministers (eGoM) meets here next week, Civil Aviation Minister Praful
Patel said today (December 1, 2005), ending speculation that two private bidders have already been selected.
Sensex recovers smartly by 50.47 pts in early trade The Sensex today (Dec 01, 2005) started on a strong note and after a short setback recovered smartly by 50.47 points at the opening session on the Bombay Stock Exchange (BSE) due to good buying at yesterday's low levels.
