INTERNATIONAL
NATIONAL Chambers meet officials to submit budget wish lists New Delhi: Top Finance Ministry officials on January 6 held deliberations with leading industry chambers, including FICCI (Federation of Indian Chambers of Commerce and Industry), CII (Confederation of Indian Industry) and ASSOCHAM (Associated Chambers of Commerce and Industry of India), on their budget wish lists, despite Finance Minister Jaswant Singh's proposal to dispense with pre-budget meetings.
Select heavyweights witness selling pressure at BSE Mumbai: After a promising start, equities turned weak and select heavyweight counters ended with marked falls pushing the SENSEX in negative territory once again in an otherwise low volume on the Bombay Stock Exchange (BSE) on January 6 on selling by domestic as well as foreign funds.
Remove higher education subsidies: N R Murthy Bangalore: Information Technology icon N R Narayana Murthy on January 6 called for doing away with subsidies for higher education which, he said, must function as an industry in a free-market environment.
'Slowdown in world economy a blessing for India' Bangalore: The year 2002 has been a good one for Indian software industry as global companies have embarked on doing more business with their Indian counterparts, and slowdown in the world economy has been a blessing for the country for short-term, president of NASSCOM, Kiran Karnik said on January 6.
India, Singapore to hold talks on economic tie-up Bangalore: India and Singapore would hold bilateral talks on a comprehensive economic co-operation agreement after completion of an ongoing joint study on free trade, Singapore President S R Nathan indicated on January 6.
Industrialists concerned over effects of US-Iraq war Hyderabad: The war clouds looming large over Iraq and its possible impact on the world economy dominated proceedings of a plenary session at the ongoing CII (Confederation of Indian Industry) Partnership Summit 2003 in Hyderabad with speakers expressing divergent views on short-term and long-term impact of the war.
RBI to continue with soft monetary policy: Jalan Pune: Reserve Bank of India (RBI) Governor Bimal Jalan on January 6 said the apex bank will continue with its soft monetary policy stance and reiterated that inflation outlook in the country was good.
Infosys to announce 3rd quarter results on Jan 10 Bangalore: Infosys Technologies Limited, a world leader in consulting and Information Technology services, will announce results for its third quarter ended December 31, 2002 on January 10, 2003, Indian Standard Time (on the night of January 9, 2003, US Eastern Time), according to an official press release said. The results will also be available on the Infosys Website, www.infosys.com.
SENSEX turns weak as Infosys, RIL suffer setback Mumbai: After a better start, the SENSEX turned weak as select heavyweighted counters came under fairly heavy selling at early stages on the Bombay Stock Exchange (BSE) on January 6.
