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Saturday, April 24, 2004
Bharti stages smart turnaround
NEW DELHI, APRIL 23.Making an impressive turnaround in its performance, India's leading private telecommunication company Bharti Tele-Ventures Limited (BTVL) today informed that its net profit in 2003-04 zoomed to Rs. 619 crores ...
Samsung launches new mobile handsets
NEW DELHI, APRIL 23.Enhancing its product portfolio to strengthen the company's position in the fast-growing mobile handset market, Samsung India Electronics today launched four GSM handsets priced between Rs. 8,699 and Rs.14,599. With focus ...
Levelling down the NRI deposits
Banks lured deposits from NRIs through promises of higher yields. Such sops might no longer be necessary. India might be an attractive investment decision on its own without having to resort to artificial sops.
`Outsourcing happens in free markets'
WASHINGTON, APRIL 23. The President of the World Bank, James Wolfensohn, has said that outsourcing is a phenomenon that happens in free markets and that the U.S. has benefited from this but it does not come as a surprise to him that the issue is ...
Inflation static at 4.4 p.c.
NEW DELHI, APRIL 23. The rate of inflation remained unchanged at the previous week's level of 4.4 per cent during the week ended April 10, even as prices of wheat, rice, fruits, vegetables and several edible oils fell. The point-to-point ...
IOC's $2 b war chest
NEW DELHI, APRIL 23. Indian Oil Corporation has put up a war chest of $2 billion for acquiring a medium-sized foreign oil firm to set up its own exploration and production (E&P) division. On IOC's radar are firms like Niko Resources of Canada, ...
Securities market infrastructure
MUMBAI, APRIL 23. The Securities and Exchange Board of India (SEBI) has set a up taskforce, headed by UTI Bank Chairman and Managing Director, P. J. Nayak, to carry out a thorough `health check' on securities market infrastructure covering ...
Ashok Leyland's FCCB issue
CHENNAI, APRIL 23. Truck maker Ashok Leyland today said that it had raised $100 million in foreign currency convertible bonds (FCCBs) in an issue that was oversubscribed about five times. The issue would be listed on the London Stock Exchange, ...
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