INTERNATIONAL Chennai firm develops innovative solar lamp, fan Chennai: Energy starved Indian consumers can now go in for a solar powered lamp and table top fan, together priced at Rs 3000, both working on a single 15 years warranty solar module brought out by a Chennai firm.
'US economy on growth path, heading for recovery' Washington: Latest US data show that the US economic recovery is continuing "on a solid growth path", Treasury Secretary Paul O'Neill said on July 31.
NATIONAL Indo German Training Centre gets new director Bangalore: Indo-German Training Centre (IGTC), the educational wing of Indo-German Chamber of Commerce (IGCC), recently announced the appointment of Charu Singh as the new director for IGTC. A post graduate in fine arts, Meerut University, Singh earlier led Priyadarshini academy as its chief executive officer, an official press release said.
Road construction spurt ups ECEL sales by 35 pc Bangalore: Escorts Construction Equipment Limited (ECEL), a 100 per cent subsidiary of Escorts Ltd, has shown a 35 per cent growth in sales in the first quarter 2002 as compared to the corresponding period during the fiscal 2001– 2002. ECEL gained this momentum essentially due to spurt in road building activities around the country, according to an official press release
Wipro's net profits decrease as revenue grows Bangalore: Wipro Limited, India's third largest software exporter, on August 6 reported a net profit of Rs 200 crore for the quarter ended June 30, 2002, a six per cent decrease over the same period last year (2001).
Risks inherent with WorldCom's bankruptcy: VSNL Mumbai: Videsh Sanchar Nigam Ltd (VSNL) on August 6 said its exposure to WorldCom, US-based troubled telecom giant, was approximately Rs 294-440 crore ($ 60 to 90 million) as on July 31, 2002 even as it sounded a note of caution that "there are risks inherent in any bankruptcy proceedings".
Denzil Lawson appointed MasterCard vice president Mumbai: MasterCard International has appointed Denzil Lawson as senior vice president for sales and business development, South Asia, Middle East and Africa (SAMEA) region, based in Dubai. He will work closely with managers in the market clusters to develop all areas of the MasterCard value proposition amongst member financial institutions. Lawson, who will also have an oversight of SAMEA's marketing and public relations functions, will report to Sonny Sannon, regional president for SAMEA, according to a press release.
SENSEX plunges following US market crash Mumbai: The overnight rally was short lived and the SENSEX opened weak below 3000-level on the Bombay Stock Exchange (BSE) on August 6 in reaction to a fresh stocks crash on the US markets on August 5.
