INTERNATIONAL Report lauds Infosys' success in offshore services Fremont: The Burlington Northern and Santa Fe Railway Company (BNSF) and Infosys Technologies Ltd announced on November 20 that they have been selected by Aberdeen Group as one of the most compelling examples of successful offshore software service delivery, according to a press release.
NATIONAL 'NALCO disinvestment in national, state's interest' New Delhi: Asserting that disinvestment of NALCO (National Aluminium Company) would be beneficial for Orissa and the national economy, the government on December 2 rejected in the Rajya Sabha a suggestion for having a referendum on the issue before taking a final decision.
SEBI bill approved, Serious Fraud office soon New Delhi: Parliament on December 2 approved a bill to give more teeth to market regulator SEBI (Securities and Exchange Board of India), including search and seizure power, with Finance Minister Jaswant Singh announcing that Serious Frauds Office would be set up soon to check white collar crime.
Govt clears FDI proposals worth Rs 490 crore New Delhi: Government on December 2 cleared 15 proposals envisaging Foreign Direct Investment (FDI) of Rs 490 crore, including one worth Rs 400 crore by liquor major Scottish & Newcastle PLc to set up a wholly owned subsidiary for providing technical consultancy to manufacture, market and distribute beer.
Rastogi appointed additional director of Progeon Bangalore: Dipak K Rastogi, vice- chairman, Citigroup Investments - Emerging Markets, has been appointed as the additional director of the board of directors of Progeon Limited, the Business Process Management subsidiary of Infosys Technologies Limited, an official release announced. Rastogi is the nominee of Citigroup.
Share values continue to rise, SENSEX gains 41 pts Mumbai: Share values continued their upward march on the Bombay Stock Exchange (BSE) on December 2, lifting the SENSEX by another 41.54 points to end at 3270.36 on heavy purchases by operators and institutional investors.
Mid-term review, a road map for the budget "New Delhi: Government on December 2 announced it would present mid-term economic review in Parliament on December 3, which would outline the broad contours of economic reforms and the roadmap for the budget.
BEML aims at quantum jump in overseas business Bangalore:Bharat Earth Movers Limited (BEML), Asia's second largest manufacturer of earthmoving equipment, planned a quantum jump in its international business from the current level of Rs 115 crore to Rs 500 crore in the next two to three years, according to V R S Natarajan, who assumed charge as the chairman and managing director of the the public sector undertaking under the Ministry of Defence on December 2.
Bank Muscat ventures into two-wheeler financing Bank Muscat, which has been successful in the area of personal loans and car loans, is now getting into two-wheeler financing as well, according to an official press release.
SENSEX opens firm on consistent net investments Mumbai: The SENSEX opened on a firm note and later improved further in line with sustained rally in key counters at early stages on the Bombay Stock Exchange (BSE) on December 2 on fresh buying by speculators on the back of consistent net investments by foreign funds.
