INTERNATIONAL Drop in US retail sales sparks concerns on recovery Washington: US retail sales fell a steeper than expected 0.9 per cent in May, the government said on June 13, prompting concerns about the pace of the US economic recovery.
US eases pollution rules for upgraded power plants Washington: The US administration on June 13 announced relaxed pollution standards for utilities upgrading old power plants, a move that immediately drew fire from environmentalists.
NATIONAL Red Hat launches Linux Advanced Server in India Bangalore: Red Hat India, an open source and Linux provider, on June 18 announced the availability of Red Hat Linux Advanced Server, an enterprise-class Linux operating system in India.
iServ launches 'ZyberTalk' service in Delhi Bangalore: After the launch of its Net telephony services in Uttar Pradesh, Uttaranchal and Kerala, iServ India Solutions Private Limited (a part of the Escorts Group) on June 18 launched Internet Telephony services in Delhi under the brand name 'ZyberTalk', according to an official press release.
FDI inflows touch record high of $ 4 billion New Delhi: India received foreign direct investment (FDI) inflows of over $ 4 billion during 2001-02, the highest so far, and registered a growth of 66 per cent over the previous year despite an economic slowdown that hit the global economy during 2001.
Cardif, Infosys sign technology partnership pact Bangalore: Cardif, a global private insurance company and subsidiary of BNP Paribas, announced on June 18 that it has signed a technology partnership agreement with Infosys, for the development of its international IT strategy, according to an official press release.
Govt cautious on export growth, targets 12 % New Delhi: Having witnessed a negative growth in the last fiscal, government on June 18 announced a cautious 12 per cent export growth target for the current fiscal, despite the sector recording an 18 per cent growth in April 2002.
IIMB unit ties with US-base college for research Bangalore: The N S Raghavan Centre for Entrepreneurial Learning (NSRCEL) at the Indian Institute of Management, Bangalore (IIMB) and the Asia Institute at US-based Babson College, a leading business school in the world, on June 18 inked a pact to co-operate in the areas of entrepreneurial research
Selective buying restricts SENSEX in narrow range Mumbai: The SENSEX opened moderately higher and later fluctuated in a narrow range in line with selective rally in stocks at early stages on the Bombay Stock Exchange (BSE) on June 18 on fresh buying support from investors.
