INTERNATIONAL Microsoft's Xbox game console flops in Japan Tokyo: Japanese game fans have blasted Microsoft's Xbox video console, with sales lagging far behind its mighty rival, Sony Corp's PlayStation2 (PS2).
China, ASEAN set Nov 5 deadline on free trade zone Beijing: China and 10 South East Asian countries were meeting in Beijing on May 16 for what they said were very preliminary talks on creating one of the world's largest free trade zones.
US industry recovering steadily: Economists Washington: New data on US economy points to a steady improvement for US industry, giving rise to hopes for a strong recovery from recession, economists say.
NATIONAL Indian telecom services to face stiff competition Bangalore: India's fixed telecom services market is forecast to reach $ 14 billion in 2006, a compound annual growth rate of 14 per cent from 2001, a leading research and advisory firm said on May 16.
Vijaya bank posts profit, to enter into insurance Bangalore: Vijaya bank reported on May 16 a net profit of Rs 130.90 crore for the fiscal ended March 31, 2002, up by 85.1 per cent over 2001, and said it planned to enter the insurance business.
Russian aircraft maker seeks HAL’s equity participation New Delhi: Major Russian aircraft manufacturer, Irkutsk Aviation Production Organisation, has proposed that Hindustan Aeronautics Limited (HAL) participate in its shareholding, Lok Sabha was informed on May 16.
Rehabilitation proposals for sick PSUs reformulateds New Delhi: Government on May 16 told the Lok Sabha that revised comprehensive rehabilitation proposals for certain units of Hindustan Fertilizer Corporation (HFC) and Fertilizer Corporation of India (FCI) have been reformulated and are presently under examination by a Group of Ministers (GoM).
Tektronix introduces 2 new series of oscilloscopes New Delhi: Tektronix, manufacturers of oscilloscopes for electronic design, troubleshooting, and service applications, announced two new oscilloscopes equipped with superior technology and ease-of-use among instruments in the low-cost oscilloscope market.
Regulator apathy not cause of co-op scam: Sinha New Delhi: Finance Minister Yashwant Sinha on May 16 said Maharashtra Co-Operative Banks' scam involving Home Trade Ltd and four other brokers was due to "manifestly fraudulent" transactions in government securities and was not reflective of any inadequacy of regulatory guidelines.
Wipro bidding for IT consultancy in US: Premji New York: Wipro Ltd, India's largest listed software conglomerate by sales, is looking to buy a large information technology consultancy in the US, its chairman Azim Premji has said.
SENSEX opens on positive note on May 16 Mumbai: The SENSEX opened marginally higher and later moved irregularly in a small range in line with a narrowly mixed trend at early stages on the Bombay Stock Exchange (BSE) on May 16 on alternate bouts of buying and selling from operators.
