Online edition of India's National Newspaper
Wednesday, October 27, 2004
RBI lowers GDP growth target, leaves Bank Rate unchanged
MUMBAI, OCT. 26.The Reserve Bank of India today scaled down the GDP (Gross Domestic Product) growth target to 6 to 6.5 per cent for the current financial year from the earlier projection of 6.5 to 7 per cent. It also hiked its annual inflation ...
Chambers hail policy
NEW DELHI, OCT. 26. The apex business chambers today generally hailed the Monetary Policy statement by the Reserve Bank of India Governor, lauding the RBI's commitment towards maintaining a stable interest rate regime. The Federation of Indian ...
`Centre's borrowing cost may go up marginally'
NEW DELHI, OCT. 26.The Union Finance Minister, P. Chidambaram, today welcomed the `measured and balanced' approach of the Reserve Bank of India to stem inflation, saying the credit policy stance would not hamper growth and investment. "I am ...
FMO takes stake in Shriram firms
MUMBAI, OCT. 26. FMO N.V., a Dutch development finance company, has acquired a 3.95 per cent stake each in two principal truck-financing companies of the Chennai-based Shriram Group. The 3.95 per cent equity in Shriram Investments Ltd. (SIL) ...
NEW DELHI, OCT. 26.The infrastructure sector grew by 5.7 per cent in the first half of the current fiscal against 5.4 per cent in the same period of last financial year, mainly on account of a good performance by the petroleum sector. However, a ...
NEW DELHI, OCT. 26. The Group of Ministers (GoM) on Dabhol today deliberated on the ways to revive the ailing project, but did not take any decision on the issue. "We had a brainstorming session for an hour on revival of the project,'' the ...
Microsoft's anti-spam filter
NEW DELHI: Microsoft Corporation India Pvt. Ltd. on Tuesday announced the availability of "Exchange Intelligent Message Filter". As part of Microsoft's anti-spam efforts, the new technology is available as a free add-on to Exchange Sever 2003. ...
Indian to head ITU panel
NEW DELHI, OCT. 26. S. D. Saxena, the long-serving Finance Director of Bharat Sanchar Nigam Ltd., has been elected Chairman of Regional Tariff Group for Asia and Oceanic, under the International Telecommunication Union (ITU). Mr. Saxena has been ...
BPL mobile's expansion plans
COIMBATORE: BPL mobile has registered over 80 per cent growth in subscriber base since September 2003. Keeping pace with the growth in the mobile telephony market, BPL has added over one million new subscribers during this period across Tamil ...
Airtel tops in TRAI service quality survey
COIMBATORE: Airtel has bagged the number one position in quality of service for the Tamil Nadu Telecom Circle (excluding Chennai) as per the Telecom Regulatory Authority of India (TRAI) report. The report was based on a survey conducted by TRAI ...
Four Soft revenue up
CHENNAI: Four Soft has reported an increase of 47 per cent in consolidated revenue at Rs.4.77 crores in the second quarter ended September 30 against Rs. 3.24 crores in the same period in the previous year. The consolidated net profit was Rs. ...
Birlasoft expands operations
CHENNAI: Birlasoft, the IT arm of the CK Birla group has recently inaugurated a software development centre in Noida. With an investment of $5 million, the facility, with a capacity of 700 professionals, will cater to industries such as banking, ...
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