NATIONAL Oracle eyes logistics, transportation software mkt Enterprise software company Oracle is seeking to make headway in the Indian logistics and transportation software market, with the acquisition of G-Log, a logistics management platform provider for industry.
Opto Circuits acquires German firm for Rs 59.91 cr Bangalore-based manufacturer of non-invasive healthcare equipment, Opto Circuits (India) Ltd, has acquired German firm EuroCOR GmbH in a Rs 59.91 crore deal, giving the Indian company access to the growing global stents market.
PM to raise economic growth to 9-10 pc in 2-3 yrs Enthused by the high 8.1 per cent economic growth in the first half of this fiscal, Prime Minister Manmohan Singh today (Dec 12, 2005) said it was the ambition of United Progressive Alliance (UPA) Government to raise GDP growth further to 9-10 per cent and bring down tariff rates to ASEAN levels in 2-3 years.
K'taka wants to hike Service and Professional Tax Karnataka has decided to seek the Centre nod to hike Service tax and Professional Tax and demand that the Central Sales Tax should not be abolished, Minister for Finance and Industries P G R Sindhya said today (Dec 12, 2005).
Sensex crosses another milestone, breaches 9,100 The Sensex today (Dec 12, 2005) crossed another milestone when it breached 9,100 mark for the first time to hit new peaks at 9,175.60 as the upbeat mood gathered further momentum on a heavy buying spree by operators and mutual funds amid a slow down in FIIs inflows during last week.
Decision on FDI in retail within 5-6 months: PM Recognising immense opportunities of foreign investment in retail, Prime Minister Manmohan Singh today (Dec 12, 2005) hinted at an early decision on opening up of the retail sector for FDI.
"Recognising the immense opportunities in this area, it is being debated within the Government. We will come up with positive outcome in 5-6 months," he told business leaders ahead of his meeting with Asean leaders and the East Asia Summit.
Sensex crosses 9,100 points mark in early trading Continuing its upward march, the Bombay Stock Exchange's benchmark index rose by over 89 points in early trading to touch 9,156.59 points level today (Dec 12, 2005) on massive purchases by foreign and domestic funds.
INTERNATIONAL Singapore's Jetstar Asia to fly B'lore from Jan. 23 Jetstar Asia, a low-cost carrier based in Singapore, said today (Dec 12, 2005) it will start flying to Bangalore from Jan. 23 as part of its network expansion plan.
