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 RIL, Jalan's assurance lifts SENSEX by 30 pts Mumbai: Led by Reliance Industries Ltd (RIL), blue-chips made a strong turnaround after a weak start and posted handsome gains aiding the SENSEX to end 30 points higher on the Stock Exchange on January 31 on hectic buying prompted by better-than-expected Q3 results by RIL.
Rolls-Royce to bid for Air India and AJT deals New Delhi: Rolls-Royce, a UK-based aero-engine giant, on January 31 announced that it was bidding for engines for Air India's $ 2.2 billion aircraft acquisition plan and was also hopeful of the deal for the Hawk Advanced Jet Trainer (AJT), powered by Adour engines, going through soon.
RIL posts 24 per cent increase in net profit in Q3 Mumbai: India's largest conglomerate, Reliance Industries Ltd (RIL) has registered a 24.05 per cent increase in net profit at Rs 1,083 crore for the third quarter ended December 31, 2002 as compared to Rs 873 crore in the same period previous year.
Ministry expects Rs 700 crore from Maruti IPO New Delhi: The Disinvestment Ministry expects to mop up about Rs 700 crore from the ensuing public offering in Maruti Udyog Ltd (MUL), taking the total disinvestment realisation for the current financial year to about Rs 4,300 crore.New Delhi: The Disinvestment Ministry expects to mop up about Rs 700 crore from the ensuing public offering in Maruti Udyog Ltd (MUL), taking the total disinvestment realisation for the current financial year to about Rs 4,300 crore.
'Oil rates hike to have minor impact on inflation' Mumbai: The escalating international crude prices on a possible threat of an US-Iraq war will have a marginal impact on India's inflation, Reserve Bank of India governor Bimal Jalan said.
Naik to present strategic oil storage plan to PM New Delhi: Petroleum Minister Ram Naik is likely to make a presentation to Prime Minister Atal Behari Vajpayee on February 3 on efforts to achieve energy security through increased exploration and production, acquisition of equity oil abroad and building strategic crude oil reserves.
Sudan prefers ONGC to Petronas for Talisman stake New Delhi: Sudan government is believed to have vetoed Malaysian oil major Petronas' move to buy Talisman Energy in Greater Nile Oil project and has favoured state-run Oil and Natural Gas Corporation Videsh Ltd (ONGC) for picking Canadian firm's 25 per cent stake.
SENSEX opens weak, dips further at early stages Mumbai: The SENSEX opened weak and dipped further at early stages as downslide in stocks continued for the third session on the Bombay Stock Exchange (BSE) on January 31 on unabated selling pressure.
Wipro announces new president for HealthScience Bangalore: Wipro Limited on January 31 announced the appointment of T K Kurien as president of Wipro HealthScience, the new business segment formed in April 2002 to address the market opportunities in healthcare and life science Information Technology (IT), according to an official press release.
