INTERNATIONAL Ted quits as Vice Chairman of AOL Time Warner New York: Ted Turner, the mercurial media executive who founded Cable News Network (CNN) and then merged it into what is now the world's biggest media group, is resigning as Vice Chairman of AOL Time Warner in the wake of a massive loss reported by the company.
'MNCs can save up to 1 billion by India outsourcing' London: Western multi national companies (MNCs) could save up to $ one billion in five years by utilising the Information Technology (IT) outsourcing facilities in India, an international IT summit was told.
NATIONAL Old-economy stocks fare badly to pull SENSEX down Mumbai: Old-economy stocks gave up early gains and even registered sharp to moderate losses pushing the SENSEX down by another 18 points on the Bombay Stock Exchange (BSE) on January 30 on late sell-off by institutional investors as well as squaring up by operators.
War threat not a major concern for India: RBI Mumbai: Reserve Bank of India (RBI) Deputy Governor Rakesh Mohan on January 30 said US-Iraq war threat "is a not a major concern for India's foreign exchange reserves and any effect on inflation will depend on oil prices but the impact is expected to be limited".
PSUs inventory assets vulnerable area for divestment New Delhi: The Comptroller and Auditor General (CAG) said on January 30 that inventory assets of public sector undertakings (PSUs) had become a "vulnerable" area for disinvestment as these were not complete and not verified systematically.
World Bank loans should be without riders: Joshi Mumbai: Union Minister for Human Resource Development and Science and Technology Murli Manohar Joshi on January 30 disapproved of World Bank imposing conditions while sanctioning loans for development projects in India.
'Indigenous research in iron & steel is a must' Kolkata: Steel Minister B K Tripathy on January 30 regretted that Indian steel industry did not come forward to undertake indigenous research in iron and steel sector in a big way despite financial assistance by his Ministry.
Shourie warns of penalty for non-compliance by cos New Delhi: The new Information Technology (IT) and Communication Minister Arun Shourie on January 30 warned of severe penalties for non-fulfilment of commitments made by either private players or the public sector units (PSUs) for activities like rural telephony.
SENSEX opens firm; shows signs of moderate rally Mumbai: The SENSEX opened firm and showed signs of a moderate rally in line with a smart recovery in select heavy-weighted counters at early stages on the Bombay Stock Exchange (BSE) on January 30 on fresh buying support.
