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Wednesday, April 13, 2005
I&B Ministry proposes 20 p.c. FDI in FM radio
NEW DELHI, APRIL 12.The Information and Broadcasting Ministry has proposed permissions for 20 per cent foreign direct investment (FDI) in the private FM (frequency modulation) radio sector but its position remains unchanged so far as the ban on ...
Basel unveils new proposals
GENEVA, APRIL 12.The Basel Committee of banking regulators on Monday unveiled a list of proposals that will complete unfinished business left over from last year's landmark rewrite of capital safety rules. The proposals, which come as banks ...
World Bank favours FDI in retailing
NEW DELHI, APRIL 12.The World Bank today expressed itself in favour of opening up of the retail sector to foreign direct investment to help India integrate with the global economy. With FDI inflows set to rise to $5.3 billion this year, ...
Sensex recovers 67 points
MUMBAI, APRIL 12. Buoyed by better-than-expected earnings by MphasiS BFL and expectations of excellent working by the steel sector, the Sensex snapped the three-session losing streak and bounced back by 67 points on hectic buying support from ...
Cheaper PCs will boost IT penetration, says Maran
NEW DELHI, APRIL 12.The Union Government is considering various options to reduce PC (personal computer) prices to increase Internet usage. The Department of Information Technology had set up a working group with members from the industry and ...
Essel Propack buys U.K. firm
MUMBAI, APRIL 12.Essel Propack, the world's largest laminated tubes manufacturer, has acquired 100 per cent stake in Telcon Packaging of the U.K. for an undisclosed sum. Telcon is one of the two manufacturers of laminated tubes in the U.K. and ...
Hero Honda pays Rs. 20 per share
NEW DELHI, APRIL 12. Despite pressure on margins from increasing input costs and frequent discounts in the face of rising competition, Hero Honda Motors, managed to register a 11 per cent increase in net profit at Rs. 810 crores for the fiscal ...
Bajaj Tempo to be renamed
MUMBAI:, The shareholders of Bajaj Tempo have voted in the majority regarding the change in the name of the company to Force Motors Ltd. as per results declared today of a poll taken at the extraordinary general meeting of the members held on ...
Industrial growth slows down
NEW DELHI, APRIL 12.Industrial growth in February slowed down to 4.9 per cent (8.3 per cent in February 2004) but the overall index of industrial production (IIP) remained at a healthy 8.1 per cent in the first eleven months of ...
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