NATIONAL Praxair India signs major on-site contract with SAIL Praxair India today (May 5, 2006) announced the award of a major contract from the Steel Authority of India [SAIL] to build and operate an on-site industrial gas plant at the site of SAIL's steel plant in Durgapur, north of Kolkata.
Prime Minister sounds caution over full float of rupee Prime Minister Manmohan Singh, who asked the Finance Ministry and RBI to prepare a road map for a full float of rupee, today (May 5, 2006) sounded caution saying analysis of the post-East Asian currency crisis had thrown a number of issues like pre-conditions for capital account convertibility.
PM points the imperfections in capital markets Imperfections in capital markets have drawn flak from Prime Minister Manmohan Singh, who said the loopholes generated information bubbles and a herd mentality among investors, sparking the spread of financial crises.
'Current global economic imbalances unsustainable' Warning that unsustainable global economic imbalances could lead to a severe crisis, Prime Minister Manmohan Singh today (May 5, 2006) asked international financial institutions to come out with a quick and credible response to deal with the situation.
SC admits RAD's plea against HC order on airports The Supreme Court today admitted a petition filed by Anil Ambani-owned Reliance Airport Developers challenging the Delhi HC verdict that upheld the government's decision to allot Delhi and Mumbai airport modernisation work to rival bidders GMR and GVK-led consortia.
Sensex rises over 12,440 points in early trade The Bombay Stock Exchange Sensitive index rose by 95.91 points in early trade on sustained buying by foreign and doemstic funds in heavy-weighted blue-chip
stocks.
India's FDI policy not perfect, but evolving: FM Finance Minister P Chidambaram yesterday (May 4, 2006) admitted there were concerns about the country's FDI policy, which he said was still evolving.
RCoVL to offer Rs 4500 cr stake to global investors Anil Ambani group company Reliance Communication Ventures Limited today (May 5, 2006) decided to offer stake worth upto Rs 4500 crore to international financial and strategic investors.
INTERNATIONAL Oil prices rebound to above $70 in Asian trade Oil prices rebounded to above 70 dollars in Asian trade today (May 5, 2006) after falling more than two dollars overnight following a surprise increase in US petroleum stockpiles, dealers said.
