Rural Postal Life Insurance, a scheme administered by the Department of Post for the rural populace, has grown manifold to develop business worth Rs 6,000 crore (Rs 60 billion) for the 2003-04 fiscal from Rs 550 crore (Rs 5.50 billion) in 1999.
Investor wealth has jumped by over Rs 12.31 lakh crore in three days, taking the market capitalisation of all BSE-listed companies to a record Rs 198.43 lakh crore on Wednesday as equities continued their Budget-driven rally. The BSE benchmark Sensex closed above the historic 50,000 mark for the first time ever on Wednesday. The 30-share benchmark closed with a gain of 458.03 points or 0.92 per cent at 50,255.75. During the day, it zoomed 728.67 points to its lifetime high of 50,526.39. In three trading days, the benchmark has gained 3,969.98 points or 8.57 per cent.
India's Sanjeev Rajput and Shahzar Rizvi won 10m air rifle and air pistol event finals respectively in the second International Online Shooting Championship on Saturday. The competitors logged in through Zoom app from their respective locations and shot using their Electronic Shooting Targets.
Biotech firm Biocon India on Friday reported net profits of Rs 138.63 crore (Rs 1.39 billion) for the year 2003-04, a growth of 219 per cent over Rs 43.51 crore (Rs 435.1 million) recorded for the previous fiscal.
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