Business

CNBC-TV18 has learnt that Reliance's retail wing is in talks with Giorgio Armani to introduce the high fashion Italian couture line in India.

After playing hide and seek for sometime now, the Sensex has finally caught up with the 12,000 mark. It has touchced an all-time high of 12015.31.

The head of Mittal Steel Co announced on Wednesday his company expects to launch an official share offer for its rival Arcelor SA within the next two weeks.

CEO of TV18 Haresh Chawla says that the company is focussed on expanding and leveraging its franchise both on TV and net and is also looking for opportunities in the mobile space.

The RBI has announced the Credit Policy 2006-07. There have been no hike in reverse repo rate, repo and bank rate.

President, CEO & Managing Director of Infosys, Nandan Nilekani believes that that markets are poised for growth and therefore robust IT spending is expected in FY07.

If you are a big spender but have not paid your taxes, you better pay attention. The Finance Ministry has obtained details of more than 18 lakh high value transactions.

The National Auto Policy announced last month in Malaysia has eased taxation norms to attract foreign manufacturers. And Indian carmakers are making a beeline for Malaysia.

The Pakistani government has hired top BPO brains from India to train call centre and BPO employees in their country.

The market closed at all-time high. Banking, capital goods, FMCG, oil and pharma stocks led the rally. Movers of the day were HDFC Bank, Ranbaxy Labs, HPCL, VSNL and Dabur India.

The market has opened on a volatile note. The Sensex opened up over 35 points, but suddenly slipped over 53 points.

UTI Bank and HSBC have hiked home loan rates by 0.5 per cent effective April 1, 2006. UTI Bank has also raised its corporate PLR by 100 basis points from 12 per cent to 13 per cent.

The Sensex, Nifty, CNX Midcap hit a new high. Metal, FMCG, oil, pharma, banking, capital goods and auto stocks gained. However, consumer durables and technology lost ground.

Is it possible for one person to make local calls amounting to over Rs 7.25 lakh in just two months? According to BSNL it is.

MRTPC's investigative arm DGIR has issued notices to both Air Sahara and Jet Airways seeking details of the proposed acquisition.

Markets are likely to open slightly weak on Monday but the bullish undertone will prevail through the week, feel experts.