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Home -> Finance -> News

NATIONAL
Agreement at WTO meet unlikely due to divergences
India today (Dec 7, 2005) feared that an agreement at the Hong Kong WTO ministerial next week might not be possible in the face of wide divergences on contentious issues like agriculture, industrial tariffs and services.

Sartorius Group plans to set up laboratory in India
The Sartorius Group, leading laboratory and process technology provider in biotechnology and mechatronics, today (Dec 6, 2005) said it planned to set up a process, application and validation lab here for pharma and biotech space.

Airbus expects 800-1,000 aircraft demand in India
With the increase in number of private airlines in the Indian skies, aircraft manufacturer Airbus Industrie expects demand for planes to grow to about 800-1,000, including about 40 of its super jumbo A-380s, in the next two decades.

Mallya waiting Air Sahara reply, denies 100 pc stake
In a gesture of 'safe play strategy' towards taking stake in Air Sahara, liquor baron Vijay Mallya today (Dec 07, 2005) said he was awaiting reply from the Lucknow-based private carrier and clarified that he never made a bid for buying the entire venture.

Kingfisher planning to fly abroad by 2007: Mallya
Kingfisher Airlines hopes to fly abroad by mid of 2007 once the airline receives delivery of airbus A330 wide-bodied aircraft.

Gates meets Anil Ambani, discusses IPTV in India
Microsoft Chairman Bill Gates today (Dec 07, 2005) met Reliance Infocomm chief Anil Ambani and discussed cooperation between the two companies on next-generation Internet Protocol (IP)-based television services in India.

Sensex recovers by 80 pts on renewed buying support
After a two-day downslide, the sensex today (Dec 7, 2005) staged a smart recovery ending 80 points up at 8895.81 on fairly good buying support prompted by a firm global trend even as a leading global rating agency retained BB+ long-term rating for the country.

CPI-M against Foreign Direct Investment in retail
The Communist Party of India Marxist (CPI-M) today (Dec 07, 2005) reiterated its opposition to allowing Foreign Direct Investment (FDI) in the retail sector, saying it could jeopardise the livelihood of nearly four crore people employed in the domestic retail space.

Governor & ministers queue up to fill ID vacancies
As listed companies scramble to appoint independent directors on their boards ahead of expiry of the December 31 deadline set by market regulator SEBI, more than 10,450 professionals, including former Central ministers and a Governor have queued up for the posts.

Air Deccan launches daily flights from Pune to Delhi
Air Deccan, India's No 01 low cost Airline has constantly been pursuing its vision of 'empowering every Indian to fly'.

Microsoft to recruit 3,000 professionals in India
Global software giant Microsoft will increase its headcount in India by 3,000 over the next three to four years, its Chairman Bill Gates said today (Dec 7,2005).

Air Deccan launches flights from Srinagar to Delhi
Air Deccan yesterday (Dec 6,2005) launched direct daily flights from Srinagar to New Delhi.

BSE: Sensex up by 39 points during morning trade
Discounting Foreign Institutional Investors (FII) negative activity on Monday amid high global oil prices, the Bombay Stock Exchange Benchmark 30-share Index today (Dec 7,2005) rallied smartly and was quoted 39 points up during morning trade on fairly good buying support from operators and retailers.