INTERNATIONAL 50 pc of MNCs laid-off staff due to slowdown New York: Half of the multinational corporations have laid-off staff and 46 per cent outsourced non-core functions to meet the current slowdown which are not short-term measures but long-term arrangements, a study has said.
India has long reform road to tread: Sinha New York: Finance Minister Yashwant Sinha has expressed determination to continue with the economic reforms and pay special attention to areas, including power sector, in which they have made less impact.
Expert compares Enron scam with Watergate row Washington: Riding high on President George W Bush's popularity, the administration this week suddenly found itself on the defensive amid allegations that corporate interests such as Enron have had undue influence in the White House.
NATIONAL PSU stocks help SENSEX end on positive note Mumbai: Shares of Public Sector Undertakings (PSUs) hogged the limelight aiding the SENSEX to end in the positive territory in an otherwise depressed trend on the Bombay Stock Exchange (BSE) on February 1 on fairly good purchases by Indian Financial Institutions.
Tata, Reliance vie for VSNL, Sterling opts out New Delhi: Tatas and Reliance on February 1 vied with each other for acquiring control of Videsh Sanchar Nigam Ltd (VSNL) as they submitted their price bids for 25 per cent of government stake in India's international communication carrier.
ABN-AMRO launches Global Support Centre in Chennai Chennai: Amsterdam-based ABN-AMRO on February 1 launched its "Global Support Centre" in Chennai to process trade finance documents of the bank's operations in Australia, Thailand, Philippines, Vietnam, Singapore, Indonesia and Taiwan, a top executive of the bank said.
SENSEX improves further at early stages on BSE Mumbai: Despite announcement of discouraging financial results by RIL and MTNL, the SENSEX opened firm and later moved narrowly at early stages on the Bombay Stock Exchange (BSE) on February 1 on fresh buying support.
