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Home -> Finance -> News

NATIONAL
PM unveils 7-pt package for second green revolution
Prime Minister Manmohan Singh today (Jan 3, 2006) unveiled a seven-point package to bring about second green revolution and promote integrated rural development to enhance productivity and bridge the rural-urban divide.

CITU to block upgrading project of Delhi airports
Center of Indian Trade Union (CITU) today (Jan 3, 2006) urged the Centre to stop the bidding process of the modernization project of Mumbai and Delhi airports and instead consider proposed scheme of employees or else it would blockthe move in the same manner the Left Front had halted BHEL disinvestment.

Sensex ends at a new closing high of 9,539.37
The Bombay Stock Exchange's (BSE) benchmark Index (Sensex) today (Jan 3, 2006) zoomed by 149 points and ended at a new closing high of 9539.37 on hectic buying by Foreign Insitutional Investors (FIIs) as well as domestic funds.

Left to suggest means to mobilise resources soon
The Communist Party of India (CPI) today (Jan 3, 2006) said it would present its suggestions on various means of mobilising resources without selling public shares of profit-making PSUs at the United Progressive Alliance (UPA)Left coordination committee meeting likely next week.

Air-India awaiting reports on the proposed IPO
Air-India was awaiting report of its advisor to the proposed IPO, which would partly finance acquisition of 68 aircraft from Boeing company at an estimated cost of Rs 35,000 crore, Chairman and Managing Director V Thulasidas said here today (Jan 3,2006).

RIL to announce third quarter results on Jan 10
Reliance Industries Limited (RIL) will announce its unaudited financial results for the third quarter ended December 31, 2005 on Tuesday, January 10, 2006.

BSE: Sensex at new intra-day high of 9469.40 points
The Bombay Stock Exchange's benchmark Sensitive Index surged to a new intra-day high of 9,467.40 points at noon today (Jan 03, 2006) following increased purchases by funds and retail investors.

Sensex quoted 33 pts up at 9423.28 in early trading
In active trading, the Bombay Stock Exchange (BSE) sensitive index, Sensex, today (Jan 03, 2006) opened on a firm note and thereafter moved erratically and was quoted 33 points higher during the early trade.

Left against selling public stake in profitable PSUs
The Left parties, which have successfully employed pressure tactics in the past to stop the United Progressive Alliance (UPA) government from divesting stake in state-owned companies including BHEL, yesterday (Jan 02, 2006) said sale of public shares in profit-making PSUs was not the proper way to raise resources.