NATIONAL REL consortium bags Mumbai Metro Rail project A consortium led by Anil Dhirubhai Ambani Group company Reliance Energy Ltd and Mumbai Metropolitan Region Development Authority today (May 18, 2006) bagged the contract for the Rs 2,356 crore Phase-I of the ambitious Mumbai Metro Rail project.
Sensex crashes by 887 points in pre-close trade The benchmark Sensex on the Bombay Stock Exchange today nosedived by 887 points, the biggest fall in the bourse's history, as foreign institutional investors off-loaded heavily on concerns over the falling global equity and metal markets.
Mittal Steel to finally launch Arcelor takeover bid Mittal Steel was to formally launch today (May 18, 2006) a takeover bid for European rival Arcelor that would create the undisputed world champion of steel groups.
Rupee tumbles against US dollars in early trade The rupee today (May 18, 2006) tumbled against the US currency tracking the sharp overseas recovery in the dollar and renewed domestic demand, on the back of meltdown in the local bourses.
Sensex plunges 600 points; first in bourse's history The benchmark Sensex crashed 600 points at noon on the Bombay Stock Exchange today (May 18, 2006), a first such major fall in the bourse history, as foreign funds off-loaded their holdings in blue-chip stocks.
Oil prices continues to fall in Asian trade today Oil prices continued to fall in Asian trade today (May 18, 2006) as an increase in US gasoline (petrol) reserves eased supply worries ahead of the US summer driving
season, dealers said.
Sensex crashes down by 542 pts in early trade The overnight stocks recovery was shortlived and the Bombay Stock Exchange (BSE) Benchmark 30-share Index (Sensex) today (May 18, 2006) plunged by a massive 542 points to a low of 11,675.79 within minutes of trading.
INTERNATIONAL India provides highest return on investment: Kumar Asserting that India provides highest return on foreign investments than any other nation, Minister of State for Commerce and Industry Ashwani Kumar told investors that the country is poised for a massive expansion in the manufacturing, infrastructure and food processing sectors.
