NATIONAL Telecom Malaysia to buy 49 per cent stake in Spice Malayasia's state-controlled top telecom operator Telecom Malaysia is to buy a 49 per cent stake in India's Spice telecom Ltd, both companies said here today (Mar 10 2006).
India to be made global manufacturing hub in textiles Replicating the revolution in auto industry, Government today(Mar 10,2006) said it will make India a global manufacturing hub in other sectors like textiles, leather, petroleum, food processing and handicrafts.
'High cash balances means lower State spending' Deputy Chairman of the Planning Commission Montek Singh Ahluwalia today(Mar 10,2006) said the state governments have huge cash balances with them and a reason for this could be they are spending less for development activities.
6 AIIMS-type medical institutes to be set up: FM Government today(Mar 10,2006) announced that six AIIMS-type medical institutes would be set up in the country and nine more state government medical institutes upgraded to the world-class level.
'India can grow by 10 percent with good reforms' Asian Development Bank today(Mar 10,2006) said India can sustain 8 per cent economic growth but asked Government to improve infrastructure and carry forward reforms
to attain a higher growth of 9-10 per cent.
Liquidity can be under pressure in mid-March: Reddy Reserve Bank of India Governor Y V Reddy today(Mar 10,2006) said that 'transient factors affecting market liquidity' could put some pressure on liquidity in the system in the middle of March.
Rupee loses marginal ground against US Currency The rupee today(Mar 10,2006)lost marginal ground against the US Currency due to renewed light dollar demand amid a broader strong dollar overseas with the outlook uncertain due to rising crude oil prices.
Sensex surges 116.66 points during early trade Continuing with its upward march, the Bombay Stock Exchange's benchmark index today shot up by about 116.66 points in the first five minutes of trading onthe back of massive buying by foreign funds in heavy-weighted stocks.
INTERNATIONAL Oil prices rise in Asian trade on Iran nuke issue Oil prices rose in Asian trade today(Mar 10,2006) after Iran's hardline regime dug in for a confrontation with Western powers over moves to halt its nuclear programme, dealers said.
Lakshmi Mittal tops Forbes list as richest Indian Steel tycoon Lakshmi Mittal is the richest Indian and Microsoft Corporation Chairman Bill Gates with an estimated net worth of US$ 50 billion retains his title as the richest man in the world for the twelfth consecutive year.
