Sensex at new peak

Mumbai, Feb. 5: Overcoming volatility at the outset, the sensex today bounced from early lows of 14372.36 and surged to a new trading peak of 14526.51 before ending at an all-time closing high of 14515.90, netting a rise of 112.13 points or 0.78 per cent over Friday’s close of 14,403.77. The broader S&P CNX Nifty of the National Stock Exchange also touched a new trading high of 4219 and closed at a new peak of 4215.35.

Bond interest

New Delhi, Feb. 5: The government will not pay any interest on bonds after maturity and bondholders could encash their bonds in time. The 8 per cent relief bonds 2002 issued by the finance ministry could be encashed with effect from March 1.

SEZ tour

Beijing, Feb. 5: A team of senior officials from the commerce ministry will visit Beijing, Tianjin, Shanghai, Suzhou and Shenzhen to get first-hand information about the working of SEZs.

Tata Motors

New Delhi, Feb. 5: Tata Motors has signed an agreement with French engine technology firm MDI for development of air-powered engines.

Lanco plan

New Delhi, Feb. 5: Lanco is open to acquire its joint venture partner, Globeleq’s 51 per cent stake in the Sasan power project. Globeleq has decided to pull out of the joint venture.

Telecom FDI

New Delhi, Feb. 5: The national security adviser today met cabinet secretary and secretaries for home, defence, finance and telecom, besides security agencies, to review the proposed guidelines for enhanced FDI limit in the telecom sector and rework the proposal on remote access.