INTERNATIONAL
Oil price surges to record high of $ 24 a barrel London: The price of oil surged on March 11 to its highest opening level for almost six months, as US-Iraqi tensions continued to convince dealers to buy crude.
NATIONAL
Sino-Indian trade can be tripled, says CII Chennai: A CII study team, currently on a visit to China, has found that there exists tremendous opportunity to increase Indo-Sino trade from the current levels of $ 3.6 billion to $ 10 billion in the next few years.
Panic selling at BSE, SENSEX plunges by 68 points Mumbai: Nervousness continued to grip the Bombay Stock Exchange on March 12, after jittery operators resorted to panic-sales ahead of the Supreme Court ruling on the contentious Ram Temple issue, pushing down the SENSEX by yet another whopping 68.17 points to close at 3535.80.
Logica Services, IndoSat-M3 announce tie-up Bangalore: Logica Offshore Services, India on March 12 announced its role in the successful launch of a new GSM service by Indonesian operator, IndoSat-M3.
PDEXCIL moots changes in EXIM policy Coimbatore: In view of considerable setback in the cotton textile exports during the current year, Powerloom Development and Export Promotion Council (PDEXCIL) has made various suggestions for modifications in the EXIM policy, to boost exports.
Netkracker becomes a subsidiary of Wipro Limited Bangalore: IT major Wipro Limited on March 12 announced it would spin-off its fluid power business unit into a subsidiary company, and also that Netkracker Limited is set to become a subsidiary of the Bangalore-headquarterd company.
Equities open weak on nervous selling by operators Mumbai: Equities opened distinctly weak, extending overnight losses on the Bombay Stock Exchange (BSE) on March 12 following nervous selling by operators ahead of a court ruling on the contentious Ayodhya issue.
