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Home -> Finance -> News

NATIONAL
Kingfisher announces spl fares for defence personnel
Kingfisher Airlines today (Dec 20, 2005) announced special fares for all personnel currently serving in the Indian Armed Forces, the Government of India and State Government and for employees of all Public Sector Units.

Honeywell hopes to be $50 mn firm in India next yr
Honeywell, a diversified technology and manufacturing firm, today (Dec 20, 2005) said it hopes to become a USD half a billion company in India in the first half of next year.

BEL seeks night-vision tech transfer from US firms
Defence PSU Bharat Electronics Limited is in talks with US industries seeking to transfer to India technology pertaining to electronic warfare night vision products, according to its Chairman and Managing Director Y Gopala Rao.

DBT pushing for Rs 1,000 cr to boost biotech sector
The Department of Biotechnology is pushing for a Rs 1,000 crore package to infuse new energy into India's biotech sector by promoting innovation, creating world-class scientific pool and creating 50 centres of excellence.

Sensex corrects by 48 pts after touching 9,427.57
After the two-day bull charge, the sensex today (Dec 20, 2005) hit yet another new peak at 9,427.57 before it adjusted to a downward correction by 48 points on fairly heavy profit booking by operators and domestic funds amid sustained FII inflows.

Total transparency in aircraft purchase deal: Patel
Strongly defending the proposed Rs 48,000 crore aircraft purchase deal for Indian Airlines and Air India, Government today (Dec 20, 2005) assured the Rajya Sabha that the entire process was transparent and properly negotiated.

Sensex weakens in early trade due to profit booking
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Dec 20, 2005) turned weak after touching a new peak of 9,427.57 and was quoted 10 points down during morning trading on profit booking amid sustained FII inflows.