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Wednesday, March 02, 2005
IT industry's mixed response to budget
NEW DELHI, MARCH 1.Though personal computers (PCs) may become costlier, the IT industry feels that the budgetary announcement of nil customs duty on all inputs for manufacturing of any IT Agreement (ITA) items would address the problem of ...
Shetty is new IDBI Chairman
MUMBAI, MARCH 1.In a major reshuffle of top public sector bank chief executives, V. P. Shetty has been appointed as Chairman of the Industrial Development Bank of India while Anil Khandelwal has taken over as the Chairman and Managing Director of ...
Sensex drops 63 points on profit taking
MUMBAI, MARCH 1. The Sensex today reacted sharply on heavy profit taking and witnessed a downward correction as the euphoria over the budget receded and the benchmark fell by 62.78 points to close at 6651.08 on the Bombay Stock Exchange even as ...
India future driver for BRIC economies: Goldman Sachs
HYDERABAD, MARCH 1. India has the potential to become the main driver for economic growth of the BRIC (Brazil, Russia, India and China) countries, said Goldman Sachs Managing Director, Ketan J. Patel, here on Tuesday. Speaking at a Nasscom CEO ...
Behuria takes over as IOC Chairman
NEW DELHI, MARCH 1. Sarthak Behuria today took charge as the Chairman of Indian Oil Corporation (IOC), the country's largest oil refining and marketing company. He was earlier Chairman and Managing Director of Bharat Petroleum Corporation Ltd ...
LIC to expand capital
NEW DELHI, MARCH 1. The Life Insurance Corporation will get about Rs. 280 crores from the Government for hiking its capital base and carrying out expansion. The Finance Ministry has also decided to marginally hike the interest subsidy to Rs. ...
VSNL begins cable-laying
MUMBAI, MARCH 1. The Internet gateway and services major Videsh Sanchar Nigam has commenced cable laying operations of its submarine cable system, SEA-ME-WE-3 (SMW-3), which on completion would link France to Singapore with Mumbai. The cables ...
OVL bags oilfield in Egypt
NEW DELHI, MARCH 1.ONGC Videsh, the foreign arm of state-owned Oil and Natural Gas Corporation, today bagged an oilfield in Egypt that may hold 600 million barrels of oil. OVL won the North Ramadam block No. 6 together with IPR Energy Red Sea ...
Acer cuts notebook price
BANGALORE, MARCH 1.Acer today announced a reduction in the price of its entry level notebook offering by announcing a price point of Rs. 29,999 for its Aspire 1362 NLC notebook. With notebook purchases growing rapidly in India, this price ...
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