INTERNATIONAL AOL defends accounting practices, COO quits San Francisco: Troubled AOL-Time-Warner, the world's largest media conglomerate, faced further turmoil on July 17 as its number two executive stepped down and it was forced to defend its accounting practices.
WorldCom to soon file for bankruptcy protection New York: Scandal-ridden WorldCom, the United States' number two long distance telephone provider, is expected to file for bankruptcy protection shortly, a media report said on July 19.
NATIONAL Bharti launches ILD, tariffs lower than VSNL New Delhi: Marking the end of the monopoly of Videsh Sanchar Nigam Ltd (VSNL), Bharti Group on July 19 launched its much-awaited international long distance (ILD) telecom services, with peak rate as low as Rs 24 per minute for calls to US and Europe, which is upto 40 per cent lower than the existing rates of VSNL.
Wipro bags $ 20 million contract from UK company Bangalore: Wipro Limited, India's third largest software exporter, has bagged a $ 20 million, five-year remote management contract from a UK-based utilities company, its chairman, Azim Premji, said on July 19.
Wipro reports six per cent drop in profit for Q1 Bangalore: Wipro Ltd, India's third largest software exporter, on July 19 reported a net profit of Rs 200 crore for the quarter ended June 30, (first quarter), a six per cent decrease over the same period last year.
SENSEX opens weak, slides downwards in early trade Mumbai: The SENSEX opened weak and generally moved downwards in extremely narrow range at early stages on Bombay Stock Exchange (BSE) on July 19 as key stocks reacted negatively to a fresh meltdown in global markets.
