Online edition of India's National Newspaper
Thursday, December 16, 2004
Overseas funds drive Sensex, Nifty to historic highs
MUMBAI, DEC. 15. The stock market indices, the Bombay Stock Exchange 30-share sensitive index (Sensex) and the National Stock Exchange's Nifty closed at their all time highs, driven by overseas funds. The mood in the market was extremely ...
FII inflows cross $9.4 b
NEW DELHI, DEC. 15. Foreign institutional investments in equities soared by 43 per cent to over $9.43 billion this year giving a push to the Sensex, which touched a new high of 6402.29 today. The inflows have been more than $9.6 billion till ...
Industry seeks to `de-risk' oil needs survey
NEW DELHI, DEC. 15.Indian industry feels the Government needs to take steps to "de-risk'' the country's oil needs by promoting alternative energy sources and diversifying sources of oil imports. According to a survey carried out by the Federation ...
Regulator questions Reliance arm on restrictive practices
MUMBAI, DEC. 15.The Telecom Regulatory Authority of India has questioned FLAG Telecom, a Reliance group entity, for its higher pricing, commercial terms and conditions that were restricting the growth of Indian Information Technology-enabled ...
BHEL declares interim dividend
NEW DELHI, DEC. 15.The Bharat Heavy Electricals Limited has declared an all-time high interim dividend of 35 per cent for 2004-05 as against a 30 per cent in 2003-04. With this, the company has maintained its track record of paying dividend ...
FED raises interest rates
WASHINGTON, DEC. 15.The Federal Reserve raised short-term interest rates on Tuesday for the fifth time this year, and it suggested that more rate increases are necessary in the months ahead. As expected, the central bank raised the federal funds ...
Yukos files for bankruptcy
MOSCOW, DEC. 15.The Yukos oil company has filed for bankruptcy in the U.S. and appealed for a temporary restraining order against the auction of its main production unit that is scheduled for Sunday dramatically challenging the Russian ...
Sprint, Nextel to merge
NEW YORK, DEC. 15.Sprint Corp. and Nextel Communications Inc. have agreed today to merge in a deal that would create the U.S.'s third largest wireless telephone provider. The deal would create a company that would be known as Sprint Nextel ...
Malaysia Airlines advances departure time
NEW DELHI: Malaysia Airlines has advanced the scheduled time of departure (STD) of flights ex-Delhi from 11-10 p.m. to 9-40 p.m., an official release said here, adding that the flight will land at Kuala Lumpur International Airport at 5-30 a.m. ...
BT's non-executive Chairman for India
NEW DELHI: British Telecom on Wednesday announced the appointment of Arun Seth as the non-executive Chairman for the company's India operations. Mr. Seth will advise BT on a range of topics, offering an independent and broad view to the company ...
Grandix Pharma to tap export markets
CHENNAI: Grandix Pharmaceuticals has fostered strategic tie-ups with the U.K.-based Kareeb Chempharm and the U.S.-based Neurosci Inc. to tap its export potential and market its products through these companies in the U.S. and European markets. ...
Cognizant selects IBM's Rational Software
CHENNAI: IBM on Wednesday announced that Cognizant Techonology Solutions, a leading provider of information technology services, has chosen IBM Rational Software to further strengthen its software development capabilities. "IBM Rational tools ...
CavinKare unveils new `Fairever'
CHENNAI: Leading FMCG company, CavinKare, on Wednesday launched new `Fairever' fairness cream with an improved product blend and new packaging. The new product has a blend of fruit vitalisers, the extract from the goodness of fruits, which help ...
i-flex office in Moscow
CHENNAI: i-flex solutions is setting up its office in Moscow. The company plans to use the region as a base for talented software developmental resources. i-flex has recently acquired a new customer in the region following an agreement with ...
IT security firm starts India operations
BANGALORE: Cyrca Data Security Solutions, a Toronto-based software vendor in the information technology security market, aims to invest some $1million (Rs. 4.40 crores) in Indian operations, offering its consultancy services from a base in ...
Reliance Info to expand in Andhra Pradesh
HYDERABAD: Reliance Infocomm will take its service to 295 new towns and cities in Andhra Pradesh, covering all 23 districts. It already has presence in 104 towns and cities in the State, and claims a `total subscriber' base of 8 lakhs. Addressing ...
Federal Bank's offer
KOCHI: Federal Bank has entered into an agreement with Hindustan Motors, Kochi, for financing purchase of Ambassador cars. Finance up to 90 per cent of the car price is available for a period of 84 months at an interest rate of 9 per cent, says a ...
LKB increases deposit rates
KOCHI: Lord Krishna Bank (LKB) has announced a hike in interest rates on domestic term deposits by 25-35 basis points from December 15. Our Special ...
KOCHI: Airtel on Wednesday announced a series of milestones and innovative initiatives. The hello tunes service has crossed the one million customer-mark within five months of its launch, says a release. Our Special ...
Baazee academy at Kochi
KOCHI: Baazee.com, an eBay company, is organising a Baazee academy @Cochin. It is aimed to highlighting the entrepreneurship platform that the company offers to local sellers to reach out to buyers across the country, says a release. ...
Seemati Kottyam opens new sections
KOCHI: Seematti Kottayam inaugurated its latest sections for ladies and kids wear on Wednesday. These were inaugurated by Seetalakshmi, says a release. Our Special ...
Indus Trust to open dental college
KOZHIKODE: The foundation for the Indus International Institute of Dental Sciences would be laid tomorrow by the Indian Union Muslim League (IUML) State President, Syed Mohammed Ali Shihab Thangal. The dental college is one of the educational ...
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