INTERNATIONAL EU passes approval for GM to acquire Daewoo Brussels: The European Union (EU) Commission on July 23 gave approval for General Motors of the United States to acquire South Korean auto manufacturer Daewoo.
WorldCom to operate albeit under microscope New York: WorldCom Inc has received preliminary court approval to go about its day-to-day operations, but the telecommunications company will be under intense scrutiny as it tries to emerge from the biggest bankruptcy in US history.
WorldCom: Judge gives nod for independent probe Washington: The appointment of an independent Commissioner to investigate the mismanagement, irregularities and fraud in the WorldCom bankruptcy case has been approved by the federal judge overseeing the charges.
Bush pep talk fails to stop US stock meltdown New York: The stock market meltdown continued unabated in the United States on July 23, raising fears about the health of the American economy and its adverse impact globally
NATIONAL Infosys VP quits to fight sexual harassment case Bangalore: Infosys Technologies Limited announced on July 23 that Phaneesh Murthy has resigned from the company’s board of directors and as head sales and marketing and communication & product services (CAPS) effective July 23, according to an official press release.
SC adds teeth to MRTPC on imported goods issue New Delhi: Giving teeth to the Monopolies and Restrictive Trade Practices (MRTP) Commission to deal with imported goods, the Supreme Court in an important order has held that the Commission could take action in cases of restrictive trade practices in India involving imported goods.
Trend Micro launches latest anti-virus solution Bangalore: Trend Micro Inc a worldwide leader in network anti-virus and internet content security solutions, on July 23 announced the availability of PC-cillin 2002, the latest version of its award-winning consumer desktop anti-virus solution, to help protect home users from the next generation of viruses and malicious code, according to an official press release.
Maruti Udyog slashes prices for Maruti-800 New Delhi: India's largest car-maker Maruti Udyog has slashed prices of its entry-level car 'Maruti 800' by Rs 15,000 and Rs 18,000 with effect from July 23.
Reliance challenges govt orders on supply of CNG New Delhi: Reliance Industries Ltd on July 23 moved the Delhi High Court challenging the government orders slashing the supply of CNG to its plant.
Honda to invest Rs 100 crore in India operations Bangalore: Japanese two-wheeler giant Honda would invest Rs100 crore in India within the next three years to expand its production capacity to four lakh units per annum by 2004-05, a top company executive said on July 23.
City firm ties up with US firm on patient care Bangalore: Teleradiology Solutions, a Bangalore-based company providing IT-enabled services in the health care sector, has signed an agreement with the Albert Einstein Medical Centre (affiliated with Thomas Jefferson University), in Philadelphia, Pennsylvania, USA, according to an official press release.
Avaya, Infosys tie-up for integrated CRM solutions Bangalore: Avaya Inc, a leading global provider of voice and data networks to businesses, on July 23 announced a partnership with Infosys Technologies Ltd, a global leader in providing consulting and IT services, to strengthen its customer relationship management (CRM) solutions.
UTI Bank chief goes on leave, wants bank probe Mumbai: Unit Trust of India (UTI) Bank chairman and managing director (CMD) P J Nayak has gone on leave in the wake of the draft report of Joint Parliamentary Committee (JPC) charging that he "stood to gain" from the "failed merger" with the Global Trust Bank (GTB).
