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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.

NATIONAL
India's foreign exchange reserves rise by $ 27 mn
Mumbai: India's foreign exchange reserves have increased by $ 27 million at $ 49,252 million, a record high, during the week ended January 25, 2002