INTERNATIONAL
Bill Gates to testify in anti-trust trial Washington: Microsoft founder and chairman Bill Gates will testify in the antitrust trial of the states still pursuing the case, Microsoft lawyer Dan Webb said on March 18.
China may pose competition in future: NASSCOM Beijing: China's emerging software industry does not pose an immediate threat to Indian companies and their exports worth billions of Dollars but might become major competition in the future, a senior National Association for Software and Service Companies (NASSCOM) official said on March 19.
NATIONAL
SENSEX plunges by 53 points on March 19 Mumbai: After an optimistic start, equities turned weak and finished with marked falls pushing the SENSEX down by about 53 points at close on the Bombay Stock Exchange (BSE) on March 19 due to fresh onslaught by operators coupled with selling by domestic funds.
Dell keen on diversifying operations in India Bangalore: Dell Computer Corporation plans to increase its presence in India and migrate its outsourcing of services in the US to the company's international services centre, its Chairman and CEO Michael S Dell said on March 19.
Harshad tops India’s financial defaulters’ list New Delhi: The 'Big Bull', late Harshad S Mehta, still remains the country's biggest defaulter on loans taken from public sector banks and financial institutions (FIs), with an outstanding of Rs 812.08 crore as on March 31, 2001, the Rajya Sabha was informed on March 18.
‘US levy on steel bane for Indian exports’ New Delhi: Imposition of anti-dumping and countervailing duties by US has adversely affected export of Indian steel products, particularly hot rolled steel, the Rajya Sabha was informed on March 19.
Centre to set up Crop Insurance Corporation New Delhi: A new Crop Insurance Corporation will be set up to protect small and marginal farmers, the government announced in the Rajya Sabha on March 19.
Tektronix inks pact to acquire German optical firm New Delhi: Strengthening its position as a leading provider of test and measurement solutions for optical component manufacturers, Tektronix, Inc. has signed an agreement to acquire Profile Optische Systeme GmbH, a technology leader in optical component test and measurement.
SENSEX buckles under sustained selling pressure Mumbai: After a promising start, the SENSEX turned weak falling below 3,600-level in line with a fresh slide in select key counters at early stages on the Bombay Stock Exchange (BSE) on March 19 due to consistent selling pressure from speculators and retail investors.
