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Headlines Now
INTERNATIONAL
News Corp shares tumble on Italy co takeover bid
Sydney: Shares in Rupert Murdoch's News Corp Ltd plunged on June 11, in a savage market backlash to its 1.5 billion Euro ($ 1.41 billion) bid to take control of Italy's pay-TV industry.

Hungary forecasts economic growth despite past ills
Budapest: Hungary's new Socialist-led government, eyeing European Union (EU) entry within two years, is pledging higher-than-forecast economic growth despite accusing its predecessors of leaving the Budget cupboard all but bare.

Industry vows to fight backlash on modified food
Toronto: Biotech industry officials vowed to fight the international backlash against genetically modified foods and other controversial bio-technology applications at the world's biggest bio-tech meeting, which opened on June 10.

NATIONAL
CBI seizes crores from Hyderabad IT official
New Delhi: In a nation-wide swoop, Central Bureau of Investigation (CBI) carried out searches at 66 places against Central government officials allegedly involved in corrupt practices.

Terror threat: Mumbai banks’ security tightened
Mumbai: Banks and financial institutions in Mumbai have sought police assistance to beef up security even as they have begun tightening internal access systems and protection for cash-in-transit, following an alert by the Centre about a possible terrorist attacks over the next eight to 10 days.

NASSCOM sets agenda to promote IT growth
Hyderabad: De-regulation of key sectors to encourage adoption of IT in domestic market, strengthening the supply base of knowledge workers and negotiating work permit were some of the recommendations made by NASSCOM to the government to achieve the long-term revenue of $ 77 billion from the IT sector by 2008.

Ganjam jewellers invited to Indo-Jap celebrations
Bangalore: Diamond jewellery maker Ganjam Nagappa and Son, has been invited to participate in the celebration of 50 years of Indo-Japanese diplomatic relations in Japan.

Wipro Limited spreads wings in Saudi Arabia
Bangalore: Information technology (IT) services major Wipro Limited on June 11, launched its operations in Saudi Arabia.

Yokogawa launches environmental diagnostic tool
Bangalore: Bangalore-headquartered Yokogawa Blue Star Limited (YBL), a leading process automation company, has introduced an Environmental Diagnostic Tool in India, for users of Yokogawa's Process Control Solution.

Indian air carriers await Pak reciprocation on overflights
New Delhi: Provided Islamabad reciprocates, India's airlines stand to make huge savings following New Delhi's decision to lift a ban on overflights from Pakistan, airline officials said on June 11.

MasterCard offers soccer bonanza for cardholders
Bangalore: MasterCard International has announced a massive promotional offer, "Score with MasterCard", for all MasterCard, MasterCard Electronic and Maestro cardholders, to kick-off the soccer fever in India.

Cellnext provides real time update of World Cup
Bangalore: Cellnext Solutions Limited has deployed SMS based applications for Escotel, Spice and Hexacom to provide real time FIFA World Cup-2002 updates and other fun options for their subscribers, according to an official press release.

Equities spurt in early trade as war fears recede
Mumbai: Allaying war fears helped share values to extend overnight gains at opening session on the Bombay Stock Exchange (BSE) on June 11 that pushed the SENSEX past 3,300-mark following all-round buying by speculators as well as institutional investors.