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.
NATIONAL MTNL launches Internet telephony, ISD to cost less New Delhi: Mahanagar Telephone Nigam (MTNL) on July 24 announced entry into international long distance telephony with ISD call to US and UK costing just Rs 4.80 per minute.
Talisma raises $ 5 mn in fourth round of funding Bangalore: Talisma Corporation, which operates in the customer relationship management (CRM) space, announced on July 24 it raised $ 5 million in its fourth round of funding, led by current investors Oak Investment Partners, Paul Maritz and founder and CEO Pradeep Singh.
Reliance accuses Centre of discrimination New Delhi: Reliance Industries Ltd (RIL) on July 24 accused the government of discriminating against it in cutting the supply of CNG to its power plant when its counsel put up arguments before the Delhi High Court, challenging the Centre's decision in this regard.
Crude oil production rises by 7 pc in 2002 New Delhi: India's crude oil production shot up seven per cent in April-June 2002 to touch 8.155 million metric tonnes (mmt) as compared to 7.618 mmt during 2001.
JumpStartUp eyes US market with unit in California Bangalore: JumpStartUp on July 24 announced setting up its operations in the US with the opening of its new office. Based in Santa Clara, California, this office will source Jumpstartup's US-India cross border investments. Kiran Nadkarni managing director will the new office, according to an official press release.
