INTERNATIONAL PowerLeap launches upgraded solutions for PII, PIII Millstone (New Jersey): PowerLeap is pleased to announce the release of two new 1.4GHz CPU upgrade solutions for existing Pentium II and Pentium III computers.
Lenders moot $ 3 bn secured credit line for WorldCom Washington: WorldCom Inc.'s lenders are considering a $ 3 billion secured credit line for the troubled telecommunications firm, 'The Wall Street Journal' said on July 10.
NATIONAL HC reserves order on admitting PIL against VSNL New Delhi: The Delhi High Court on July 10 reserved its order whether a petition challenging the diversion of Videsh Sanchar Nigam Ltd (VSNL) funds to one of its group companies by Tata Sons Ltd, which acquired management control of the VSNL, recently, is admitted.
Croatia could be Indian gateway to East Europe New Delhi: Croatia on July 10 offered to India that its port of Rijeka could serve as a gateway for Indian goods entering Central and East European markets as the two countries explored potential for improving economic and trade cooperation.
Jaswant rules out interim budget for tax sops New Delhi: Finance Minister Jaswant Singh on July 10 ruled out any interim budget to provide tax sops, but promised a "re-look" at the recent ordinance to deal with non-performing assets (NPA), saying government's intention was not "expropriatory".
Reva launches new version, hopes for regular exports Chennai: Reva, the first Indian electrical passenger car launched in 2001 is to go global by January 2003 when exports were expected to start in a regular manner, a top executive of the Bangalore based Reva Electric Car Co (Pvt) Ltd said.
CBI recommends departmental probe against AI official New Delhi: Central Bureau of Investigation (CBI) has recommended departmental action against a London-based deputy commercial director of Air India for failing to make an "accurate" mathematical calculation while increasing the productivity-linked incentive (PLI) of general sales agent (GSA) from five to seven per cent.
Infosys not to return cash reserves to share holders Bangalore: Infosys Technologies Limited has no plans to return its burgeoning cash reserves to share holders, the Bangalore-based software major's CEO, Nandan M Nilekani, indicated on July 10.
Infosys to recruit 1,000 people in coming quarter Bangalore: Software major Infosys Technologies Limited plans to recruit 1,000 people in the current quarter (July-September 2002), a senior company official said on July 10.
PM asks industry to shun unethical practices New Delhi: Alarmed by the enormity of financial scams and accounting bunglings by the likes of Enron, WorldCom and Xerox, Prime Minister Atal Behari Vajpayee on July 10 asked the industry to reform, saying people's faith could not be allowed to be shaken by unethical practices.
PM seeks consensus on labour reforms from Oppn New Delhi: Forecasting a six per cent growth, Prime Minister Atal Behari Vajpayee on July 10 sought consensus on long-delayed labour reforms and asked political parties to support the passage of crucial economic legislations during the monsoon session of Parliament beginning on July 8.
'Centre, state can play major role in IT sector' Chennai: The Centre and other state governments could play a major role in boosting the business of the domestic software companies by utilising IT in various sectors in a big way, a top official of the Polaris Software Lab has said.
Yamaha sales up in Q1, new product by yearend Bangalore: Yamaha Motors India Limited sold 1.7 lakh motorcycles in the first six months (January-June) of the calendar 2002 and is launching a new model by the yearend, a senior company official said.
PM pledges reforms, preaches good governance New Delhi: Pledging to pursue labour reforms vigorously, Prime Minister Atal Behari Vajpayee on July 10 asked the Indian industry to reform itself by practising principles of good corporate governance.
Infosys reports higher income, profits for first quarter Bangalore: Faring better than market expectations, software major Infosys Technologies on July 10 reported a 24.83 per cent jump in its income and clocked a net profit of Rs 216.85 crore for the quarter ended June 30 2002, as compared to the corresponding quarter of previous year.
Future of Simputer rests on govt’s backing Bangalore: Makers of India's most ambitious IT product, the $ 200 handheld computer, aim to sell two million units in three years but say they need the government to help the device reach the common man.
Infosys results, IT stocks push SENSEX upward Mumbai: Led by Infosys Technologies, key IT stocks witnessed a mild rally aiding the SENSEX to move further upward at early stages on the Bombay Stock Exchange (BSE) on fresh buying prompted by announcement of better-than-expected first quarter results by the IT bellwether.
