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Tuesday, January 11, 2005
Sensex goes into a tailspin, drops 112 points
MUMBAI, JAN. 10. The Bombay Stock Exchange sensitive index today once again went into a tailspin after a smart recovery last weekend, ending 112 points down to nearly a one-month low at 6308.54 in high volatility on late selling spree by hedge ...
Advisory panel reviews economic situation
NEW DELHI, JAN. 10. The members of the newly-reconstituted Prime Minister's Economic Advisory Council met today and undertook a preliminary review of the current economic situation. It also worked out plan and the subjects to be taken up. A ...
Ramco Systems' preferential offer
CHENNAI, JAN. 10.Ramco Industries has informed the National Stock Exchange that the company along with Madras Cements Limited, P. R. Ramasubrahmaneya Rajha and P.R. Venketrama Raja had acquired shares in Ramco Systems through preferential offers. ...
RIL gets SEBI clearance
MUMBAI, JAN. 10. Reliance Industries' programme to buy back its shares, which was decided at the December 27 board meeting in the face of opposition from RIL's Vice Chairman, Anil Ambani, has received the go-ahead from the Securities and Exchange ...
MUMBAI, JAN. 10.In a bid to facilitate agriculture financing modes, the Reserve Bank of India has set up a working group to suggest enabling measures to encourage flow of institutional finance to farmers against warehouse receipts. "The ...
To pick up stake in Balaji Tele
NEW DELHI, JAN. 10.The Star group company Asian Broadcasting will pick up 21 per cent stake in India's leading entertainment company Balaji Telefilms for Rs. 123.25 crores. The proposal for allotting 13.69 million shares to Asian Broadcasting ...
Takes stake in Korea First Bank
SEOUL, JAN. 10.Standard Chartered PLC announced on Monday it plans to acquire Korea First Bank for $3.3 billion (euro2.5 billion) in cash. The British banking group said in a statement that the acquisition is expected to be completed by the ...
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