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Home -> Finance -> News

NATIONAL
Japansese Co's making investment plans for India: FM
India today (Jan 18, 2006) said its strong economic fundamentals have made it a major global hub for diverse business interests and Japanese companies like Kansai Paints and Daihatsu have prepared heavy investment plans for the country.

Sensex dips by 77 pts as RIL succumbs to selling
The sensex today (Jan 18, 2006) dipped by 77 points as stocks came under heavy pressure triggered by a meltdown in global indices after demerged Reliance Industries Ltd (RIL) commanded higher discovered base price in a special trading session this morning.

Wavecom and Infosys sign technology partnership
Wavecom, a leader in embedded wireless communications solutions for automotive, industrial and mobile applications, has signed a technology partnership with IT major Infosys, to address the growing 'machine-to-machine' wireless connectivity market.

Wipro scouts to acquire sub-US$ 100 mn companies
Software major Wipro Limited is scouting for acquiring sub USD 100 million companies to expand its footprint and add to its domain knowledge and skill-sets, its Chairman Azim Premji said today (Jan 18, 2006).

Biocon reports net profit of Rs 44 crore in Q3
Biotech major Biocon Limited today (Jan 18,2006)reported a net profit of Rs 44 crore for the third quarter ended December 2005, down from Rs 50 crore posted in the corresponding period last year.

Wipro Q3 net profit to 27 percent at Rs 543 crore
IT services major Wipro Limited today (Jan 18,2006) reported a 27 per cent jump in quarterly net profit at Rs 543 crore.

RIL opens at Rs 709 during regular trading in BSE
Reliance Industries opened regular trading at Rs 709 a share, shortly after it discovered a new price of Rs 714.19 at the Bombay Stock Exchange.

Sensex tumbles by over 100 pts during early trade
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Jan 18,2006) crashed by over 100 points in early trade after the special one-hour trading session for demerged RIL's price discovery due to selling triggered by a global meltdown.

RIL creates history, records volume in 1 hr trading
The index heavyweight counter Reliance Industries Ltd. (RIL) today (Jan 18, 2006), created history of sorts when it clocked a volume of about Rs 1400 crore in a special one-hour trading session on the Bombay Stock Exchange (BSE).

RIL remains trendsetter, trade on investor's view
Living up to expectations, Reliance Industries Ltd. today (Jan 18,2006) attracted investors in a big way with a trading of about Rs 2,900 crore, just half an hour into a special trading session held this morning.

INTERNATIONAL
India to sign economic cooperation pact with Japan
Favouring stronger economic ties with Japan, Finance Minister P Chidambaram today (Jan 18,2006) hoped that New Delhi will sign an economic cooperation agreement with Tokyo before concluding a similar pact with China.

Oil prices rises on peak with 65 dollars a barrel
Oil prices raced past 65 dollars a barrel here to their highest close since late September on rising concerns over supplies from Iran and Nigeria, dealers said.