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Home -> Finance -> News

NATIONAL
A-I floats two global tenders to raise $429 million
Air-India has floated two tenders for interim loans to raise $429 million from banks for advance payments of the multi-billion aircraft acquisition plan of the national carrier.

Kiran Karnik is Dataquest IT person of the year 2005
Kiran Karnik, President of NASSCOM, the apex body for the software industry, has been named the 'Dataquest IT Person of the Year 2005'.

IBM sees max growth in external storage in India
IBM today (Dec 27, 2005) said it has recorded highest revenue growth in the external storage market in India in the third quarter (July-September 2005), outpacing the industry with a phenomenal growth rate of 182 per cent.

Sensex bounces back by 197 pts, RIL leads the show
Led by RIL, the Sensex bounced back with a vengeance after a two-day correction and ended today (Dec 27, 2005) with a whopping 197 points rise at 9,283.16 on hectic buying support from investors even as Foreign funds showed up with fresh interest amid optimism over reforms.

ING Vysya Life to infuse Rs 100 crore funds in 2006
ING Vysya Life would infuse Rs 100 crore funds next year, its Managing Director and CEO Frank Koster said today (Dec 27, 2005).

Market rebounds as domestic funds pick low scrips
Equities in large numbers turned volatile on the Bombay Stock Exchange at noon today (Dec 27, 2005) with most of the domestic funds buying at existing low levels, pushing up the benchmark sensitive index higher by about 116 points.

Sensex recovers, up by 36 points in early trade
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) showed signs of recovery after a sharp correction in the last two sessions and was quoted moderately up during morning trading on some buying support prompted of expectations of big reforms and positive FII activity.