NATIONAL Tata identifies South Africa as 'target destination' Tata Group has identified South Africa as their 'target destination' for their international operation and is also looking at acquiring a sick steel plant there.
Canara Bank looks at growth in homeloan portfolio Canara Bank is looking at 50 per cent growth in its homeloan portfolio of Rs 4,799 crore by the end of this fiscal, its top official said here today (Dec 9, 2005).
Bill Gates launches India-wide 'Code 4 Bill' contest Microsoft Chairman Bill Gates today (Dec 09, 2005) launched a nation-wide talent hunt in India that is seen as a 'catch them young' initiative to generate interest in students on Microsoft technologies.
Sensex shoots up by 161 pts; closes at 9067.28 mark The sensex today (Dec 9, 2005) scored a whopping 161 points jump to scale a new closing peak at 9,067.28 bolstered by heavy purchases by Foreign funds as well as hectic short covering by operators spurred by the Bombay High Court's approval on Reliance Industries Limited's demerger scheme.
Mani Shankar Aiyar for Rs 50 hike in LPG price Petroleum Minister Mani Shankar Aiyar is expected to suggest a steep hike of upto Rs 50 per cylinder in domestic LPG price and two different rates for kerosene from 2006 to cut losses the oil firms incur on selling the two mass-consumed cooking fuels.
FM expects inflation to be less than 5 pc in FY06 The Government today (Dec 9, 2005) said it was confident of keeping inflation below 5 per cent even as the weekly wholesale prices rose marginally to 4.54 per cent for the week ended November 26.
Mukesh declines to comment on High Court order Reliance Industries Ltd Chairman Mukesh Ambani today (Dec 9, 2005) declined to comment on the Bombay High Court's approval of the demerger scheme of the company.
Sensex registers a new high peak; ends at 9061.31 The Bombay Stock Exchange benchmark index today (Dec 9, 2005) set a new high at 9061.31, surpassing the previous record of 9057.97, as aggressive funds purchased in several index-related shares led by Reliance Industries.
Tata Group plans to invest Rs 5000 cr in telecom Concerned over the health of their telecom business, the Tata Group has planned an investment of Rs 5,000 crore over next 2-3 years while expecting the telecom ventures to come to the big league by around 2008.
FM expects economy will be better in second-half Painting a rosy picture about the economy based on the buoyant outlook projected by the mid-year review, Finance Minister P Chidambaram today (Dec 09, 2005) said he was optimistic that second half performance would be better than the first half.
Economic growth estimated at seven pc in 2005-06 Buoyed by 8.1 per cent growth in the first half of the current fiscal, the Mid-Year Economic Review today (Dec 09, 2005) projected high growth of about seven per cent in 2005-06.
India draws fancy of global investors: FDI report India maybe attracting only a fraction of the Foreign Direct Investment (FDI) pouring into neighboring China, but its appeal to potential investors has increased to new heights to be precise an all-time high, says a study by management consulting firm A.T. Kearney.
Bombay High Court sanctions RIL demerger scheme The Bomby High Court today (Dec 9,2005) sanctioned the demerger scheme of Reliance Industries Limited, which had filed a petition seeking changes in company's shareholding pattern as part of settlement between Ambani brothers, Mukesh and Anil.
BSE: Sensex up by 62 points during morning trade The Bombay Stock Exchange's benchmark index was today (Dec 9,2005) made further headway in the operator-driven market and was quoted 62 points up during morning trading on fresh buying support from investors.
INTERNATIONAL Oil prices top $60, natural gas hits record high New York crude futures rebounded above 60 dollars a barrel while natural gas prices shot to a record high owing to a cold snap in the US northeast, brokers has said.
