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CSO pegs growth at 8.1 pc — Estimates surpass expectations of RBI, Finance Minister
THE Central Statistical Organisation (CSO) has pegged the country's gross domestic product (GDP) growth level in 2005-06 at 8.1 per cent, as part of its advance estimates of national income, compared to 7.5 per cent in 2004-05. This surpasses ...
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Reliance hands over control of 4 demerged cos to Anil Ambani
RELIANCE Industries Ltd (RIL) announced on Tuesday that it has handed over control of the four demerged companies to Anil Dhirubhai Ambani Group. This followed the reconstitution of the boards of the four companies - Reliance Natural ...
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Sensex crosses 10k on strong fund flows
SHARES continued their upward journey on strong fund flows with the Sensex closing above 10,000 points for the first time ever. The Sensex closed at 10,082.28 points, higher by 101.86 points or 1.02 per cent from the previous close. In ...
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Finance Ministry not for levying health cess
THE Finance Ministry is not in favour of levying an additional 2 per cent cess as proposed in the draft Pharmaceutical Policy to fund the healthcare needs of the poor in the country. At a high-level meeting chaired by the Cabinet Secretary, Mr ...
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IOB board to meet on Feb 14 on buying out Bharat Overseas
INDIAN Overseas Bank (IOB) plans to buy out the stake held by six other banks in Bharat Overseas Bank. IOB has called for a meeting of its board of directors on February 14 to consider a proposal to buy other shareholders of Bharat Overseas ...
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From 5k to 10k...
Top 4 stocks retain weightage in Sensex
THE sprint for the Sensex to the 10,000-mark from 5,000 in May 2004 has triggered interesting changes in the weightage of index constituents. During this period, the free float market capitalisation of Sensex has recorded a two-and-half fold ...
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Nasscom ropes in Booz Allen to study engg services space
India's skills in the $125-billion global engineering services market will also take centre stage at Nasscom's 15th annual India leadership event, which will kick off next week at Mumbai.
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Maxis Comm plans fresh investment of $1 b in India
MALAYSIAN telecom major Maxis Communications Berhad has planned fresh investment of $1 billion in the Indian market following its acquisition of Tamil Nadu-based cellular services company Aircel Ltd. This is in addition to $1.08 billion ...
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Cos may adopt new accounting norms from April — Govt to accept NACAS recommendations in toto
COMPANIES may be required to adopt a new and revised set of accounting standards (AS) from accounting periods beginning April 1. These standards, which have been recommended by the National Advisory Committee on Accounting Standards (NACAS), ...
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Google sets up sales, marketing offices in Delhi, Mumbai
WITH an eye on increasing its advertising revenues by leveraging on direct local presence, the world's largest search engine firm Google Inc on Tuesday announced the setting-up of sales and marketing offices in Delhi and Mumbai. "These ...
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Homegrown cos offer better salary hikes than MNCs: Survey
The disparity in the salary increase among homegrown firms and MNCs was the most prominent in both the senior management and the middle management levels.
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