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Home -> Finance -> News

NATIONAL
Sanyo and BPL Limited announce new joint venture
Japan-based Sanyo Electric Company and BPL Limited today (Dec 16, 2005) formally announced their new joint venture company, Sanyo BPL Private Ltd, with both as equal equity partners to build a leading consumer electronics company.

LogicaCMG awarded with BS7799-2:2002 certification
LogicaCMG today (Dec 16, 2005) said it has been awarded the coveted BS7799-2:2002 certification for its facilities in Bangalore from Det Norske Veritas (DNV), one of the world's leading certification bodies.

Sasken Technologies signs agreement with IXI Mobile
Sasken Communication Technologies today (Dec 16, 2005) said it has signed a license agreement with IXI Mobile to use the IXI-Connect OS Technology.

6 more states may switch to VAT from Apr next year
Value Added Tax (VAT) is set to be rolled out in at least six more states from April with Uttar Pradesh and five Bharatiya Janata Party (BJP)-ruled states in principle endorsing the new tax regime.

Sensex up by 114 pts, touches new peak of 9,284.46
Overcoming early pressure, the sensex today (Dec 16, 2005) made a strong turnaround, rising by 114 points to a new closing peak of 9,284.46 on fairly heavy buying support from operators on the back of sustained and increased FII inflows.

Sensex gives up 25 pts in volatile morning trading
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) witnessed volatile activity in more than 80 points during the morning trading today (Dec 16, 2005) and was quoted down by 25 points due to fresh selling pressure from domestic funds and operators amid sustained FII inflows.

ONGC denied consent to buy 45 pc stake Nigerian co
In a major loss of face to state-run Oil and Natural Gas Corp (ONGC), the Cabinet Committee on Economic Affairs (CCEA) has shot down its proposal to acquire a 45 per cent stake in a Nigerian oil and gas field for close to 2-billion dollars saying the deal was 'too risky'.