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Home -> Finance -> News

NATIONAL
Tata Steel acquires Cementhai Holding Steel company
Tata Steel today (Dec 15, 2005) signed an agreement with Cementhai Holding Company (CHC) of Thailand, to acquire Millennium Steel Company which would cost the largest private steel-maker in the country around 175 million US dollar for 100 per cent holding in the company.

'Govt allows foreign ships to ferry LNG to India'
The Government has allowed foreign ships to ferry liquefied natural gas (LNG) to India, Petroleum Minister Mani Shankar Aiyar said today (Dec 15, 2005).

Sensex surrenders early gains, plunges by 71 pts
Correcting further downwards, the sensex today (Dec 15, 2005) plunged by another 71.36 points in highly volatile trading and closed at 9170.40 on the Bombay Stock Exchange (BSE) due to sustained heavy sell-off in the form of profitbooking.

Corporation Bank to open more branches in North
After establishing its 'strong' presence in the South, Corporation Bank now plans to move towards the North, intending to open more branches in Uttar Pradesh, Delhi, Punjab and Maharashtra.

AI, IA in talks with three major global alliances
State owned carriers; Air India and Indian Airlines are in talks with major global airline alliances as part of various new initiatives being undertaken by them.

AAI to enter market to raise upto Rs 5000 crore
Public sector Airports Authority of India (AAI) plans to hit the market to raise upto Rs 5,000 crore for funding development of non-metro airports.

Sensex re-bounds by 50 pts during morning trade
After a day's pause, the sensex once again rallied at the opening session on the Bombay Stock Exchange (BSE) here today (Dec 15, 2005) due to emergence of heavy low-level buying and regained smartly by 50 points.

INTERNATIONAL
Indo-Iran talk on gas pipeline figures in Mottaki's
The multi-billion-dollar Iran-Pakistan-India gas pipeline project came under close focus during talks between visiting Iranian Foreign Minister Manouchehr Mottaki and his counterpart Khurshid M Kasuri here today (December 15, 2005).