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Home -> Finance -> News

NATIONAL
Sensex bounces back with vengeance, up by 212 points
The sensex bounced back with a vengeance and today (Jan 19, 2006) spiralled up by 212 points, the biggest single day rise since September 26, 2005 in relatively low volume and now is poised for a long upward journey to the magic 10,000 level.

Acquisition not to affect Kingfisher Airlines: Mallya
Liquor baron Vijay Mallya today (Jan 19, 2006) said the acquisition of Air Sahara by Jet Airways was expected and it would not affect his Kingfisher airlines as it was doing 'well'.

Modernisation of airports to be over by January 31
Union Civil Aviation Minister Praful Patel has categorically said the process of restructuring and modernisation of airports at Mumbai and Delhi would be completed before January 31.

No plans to make Air Sahara as no-frill arm: Goyal
Jet Airways today (Jan 19, 2006) said it has no plans to bring Air Sahara as a no frill arm of Jet Airways and retain the Air Sahara brand name.

Karat warns Govt of privatsation and disinvestments
Communist Party of India (CPI) Marxist (M) General Secretary Prakash Karat yesterday (Jan 18,2006) warned the United Progressive Alliance (UPA) Government against pursuing the policies of privatisation, disinvestments and winding up of public sector units and banks 'under the guise'of reforms.

No proposal to raise LPG, kerosene prices: Aiyar
Petroleum Minister Mani Shankar Aiyar today (Jan 19,2006)denied having presented to the Cabinet a proposal for raising LPG and kerosene prices.

Indo-Japan study to examine possibility of FTA: Nath
India was having a joint study with Japan to look into the possibility of having a Free Trade Agreement (FTA) between the two countries, Union Commerce and Industry minister Kamal Nath said here yesterday (Jan 18,2006).

Sensex rebounds on FII inflows, encouraging results
The Bombay Stock Exchange Benchmark 30-share Index (Sensex) today (Jan 19,2006) bounced back and was quoted 99 points up in a strong pull-back rally during morning trade on the back of announcement of encouraging performance by some major corporates coupled with Foreign Institutional Investors (FII) positive activity.

Jet Airways takes over Sahara after signing deal
In a major takeover, Jet Airways is understood to have signed a deal with Sahara late yesterday (Jan 18,2006)night.