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INTERNATIONAL
Nasdaq warns it may close operations in Japan
Tokyo: Nasdaq Stock Market Inc has warned companies listed on its two-year-old Japanese market that it may pull out to stem spiralling losses, a spokeswoman said on August 13.

UN rejects Iraq's renewed request on payment of dues
United Nations: Iraq has renewed its request that it be allowed to pay its dues to the United Nations, amounting to $ 12.4 million, from the revenues generated by the UN-administered 'oil-for-food' programme, but the United States immediately rejected it.

NATIONAL
ADB lauds India's impressive structural reforms
New Delhi: Asian Development Bank (ADB) on August 13 lauded the "impressive" pace of structural reforms by India but asked New Delhi to be on guard against corporate accounting malpractices that could have a deleterious effect on the economy.

Commercial vehicles, cars sales drive up in July
New Delhi: Domestic car sales went up by 8.7 per cent in July on the back of growth attained by auto-makers like Hyundai, Tata Engineering, Fiat and Honda.

Hewlett Packard signs services pact with Tatas
Bangalore: Hewlett Packard (HP) Services, on August 13 announced that it has won a $ 5 million contract from Tata Steel, Asia’s first and India's largest integrated private sector steel company for managed services. Spread over a span of five years, this outsourcing contract will cover the entire gamut of HP Services' Managed Services offerings.

'India's organised retail industry set to bloom'
Bangalore: Experts in industries believe higher disposable incomes, buying power and a teeming middle-class populace are driving India's fledgling organised retail industry to a profitable growth mode, but relaxing of government restrictions, a liberalised regime of duty and levy structure and doing away with "archaic" legislations pertaining to real estate and retail are essential to take it to greater heights.

Infosys, BEA Systems launch competency lab
Bangalore: BEA Systems and Infosys Technologies Ltd, on August 13 jointly announced the launch of BEA's competency lab at Infosys City. BEA's Competency Lab will showcase BEA's award winning Weblogic platform products, market-leading tools and professional services, an official press release said.