INTERNATIONAL Budget deficit won't lead to payment default: IMF Singapore: India's budget deficit, at its highest in a decade, won't lead to a government debt default, an International Monetary Fund (IMF) official said, four months after the lender said rising borrowings were "potentially unsustainable".
NATIONAL SENSEX turns weak despite Q3 Infosys results Mumbai: Despite better-than-projected third quarter earnings by IT major Infosys Technologies, the heavyweight counter suffered sharp setback pushing the SENSEX sharply down by 25 points at close on the Bombay Stock Exchange (BSE) on January 10 on fairly heavy selling by investors.
'Harassment case may affect Infosys performance' Bangalore: Software major Infosys Technologies on January 10 reiterated that verdict on a sexual harassment case filed by a former employee in the United States could potentially adversely impact its financial performance.
Sustained growth in manufacturing lifts IIP to 3% Bangalore: Enthused by continued good performance, software major Infosys Technologies Limited on January 10 revised upwards by Rs 125 crore to Rs 145 crore its guidance for revenue for the current fiscal.
Buoyed Infosys revises guidance target upwards New Delhi: The country's industrial production in November registered a growth of 3.7 per cent as against 2.4 per cent in the same month (Nov 2001) of last year mainly on account of sustained growth in manufacturing and electricity sectors.
PM moots creation of oil buffer to meet crisis New Delhi: Concerned over volatility in crude oil supplies and prices,Prime Minister Atal Behari Vajpayee said on January 10 "oil security" was crucial to India and favoured creation of a buffer to meet any eventuality in the case of tensions in West Asia that could lead to prolonged supply shortages.
'MFs can invest upto $ 1 bn in listed cos abroad' New Delhi: In the first "big-ticket" measures towards full capital account convertibility, government on January 10 announced that mutual funds could invest abroad upto $ 1 billion in listed companies.
'Unfortunate for media to rake up old UTI issue' Bangalore: Reliance once again re-iterated that there was no adverse intent in the allotment of Unit Trust of India (UTI) shares to it in 1994. The matter has been thoroughly investigated by various agencies and no fraud has been detected, according to an official press release.
Decent Q3 result fails to lift Infosys' fortunes Mumbai: Despite an announcement by Infosys Technologies of better-than-expected third quarter results, the heavyweight suffered a sharp setback at early stages on the Bombay Stock Exchange (BSE) on January 10 on heavy selling.
