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Friday, June 04, 2004
Initial euphoria short-lived, market loses 106 points
MUMBAI, JUNE 3. The initial euphoria was short-lived and the Sensex today crashed by 195 points from the day's high in the absence of any market-friendly announcement by the Union Finance Minister, P. Chidambaram, during his visit to the ...
OPEC to raise output to check sky-rocketing prices
MANAMA, JUNE 3.Seeking to reign in sky-rocketing prices, 11 key oil producing nations in their crucial meeting in Beirut today decided to increase oil output limits by two million barrels a day or 8.5 per cent, boosting daily production to 25.5 ...
NSDL to offer PAN cards
NEW DELHI, JUNE 3. After outsourcing of PAN cards through UTI-ISL, the Union Finance Ministry today appointed National Securities Depository Ltd. for providing Permanent Account Numbers (PAN) to new taxpayers in 139 cities from next week. The ...
Nasscom projects software services revenue at $20 b
NEW DELHI, JUNE 3. The Indian software and services industry is projected to cross the $20 billion mark in 2004-05, with exports from this sector growing at 30-32 per cent to reach revenues of over $16.3 billion, according to the National ...
Gold jewellery demand up 21 p.c. in Q1
MUMBAI, JUNE 3. The total consumer demand for gold (jewellery and net retail investment) in India in the first quarter of 2004 has improved by 25 per cent in tonnage terms over Q1 last year to 144 tonnes from 118 tonnes and by 37 per cent in ...
TCG Software to merge with Ivega
KOLKATA, JUNE 3. The Kolkata based TCG Software, the IT arm of the Chatterjee group, and the Bangalore based Ivega Corporation announced on Wednesday a merger creating TCG-Ivega. The TCG group has acquired the controlling stake of over 75 per ...
Rupee surges 14 paise
MUMBAI, JUNE 3. Buoyed by strong signals that the UPA Government at the Centre was committed to the reforms process, the rupee today surged to a 16-day closing peak of 45.24/25 a dollar, backed by strong trade and foreign capital inflows with ...
XPS ties up with Emirates Post
MUMBAI, JUNE 3. Cargo service company, XPS, today announced a tie-up with Emirates Post of UAE for delivery of parcels in India. In the venture for inbound parcel service `Bharat Parcel Guaranteed,' XPS is the delivery partners in India, a ...
Titan to service mobile phones
MUMBAI, JUNE 3. Titan Industries said today that it was in talks with different mobile companies including Nokia for setting up outlets for servicing mobile phones and extending its watch repair services to international brands. The company was ...
FCI to continue as public utility
NEW DELHI, JUNE 3. The Food Corporation of India (FCI) has been declared a public utility service under the Industrial Disputes Act, 1947 for another six months with effect from June 12. The Labour Ministry in a notification issued here said ...
Corporation Bank revises FCNR (B) rates
MANGALORE: Corporation Bank has revised interest rates offered on FCNR (B) deposits with effect from June 2. The interest rate on dollar deposits for one year to less than two years is 1.81 per cent a year (1.82 per cent) and for two years to ...
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