INTERNATIONAL Sun Microsystems facing discrimination lawsuit
Washington: Sun Microsystems, one of the largest Silicon Valley corporations and co-founded by Indian-born Vinod Khosla, is faced by a lawsuit alleging it practices discriminatory policies by replacing older American employees with younger and lower paid Indians.
NATIONAL SENSEX up by 71.75 pts after uncertainties end
Mumbai: Buoyed by a sharp rally in global markets, the benchmark spurted by a whopping 71.75 points to close at 3192.93 at the Bombay Stock Exchange (BSE) on March 20 following hectic all-round short-covering after the US-led forces launched air strikes against Iraq and cut-short months of uncertainty.
Traders send SOS to India's permanent UN mission
New Delhi: The Iraq war has alarm bells ringing for India's commodities traders who have appealed to the Permanent Mission in the United Nations to facilitate movement of cargoes and expedite payments.
Govt contracts outside war zone for crude supplies
Mumbai: The government has chalked out contingency plans in the wake of the US-led war on Iraq and contracted for crude oil supplies outside the war zone though stocks of petroleum products would last for two months, Union Petroleum and Natural Gas Minister Ram Naik said on March 20.
Indian Airlines fares raised by 15 per cent
New Delhi: Indian Airlines fares have been raised by 15 per cent across the board with immediate effect due to a massive increase in the prices of aviation turbine fuel, Civil Aviation Minister Shahnawaz Hussain said on March 20.
Iraq war unlikely to affect oil supplies to India
New Delhi: The US-led war in Iraq is unlikely to impact India's oil supplies as state-owned firms have stocked enough supplies of crude oil and petroleum products to meet the country's two months' requirement.
Prolonged war would cast gloom on India: FICCI
Bangalore: Federation of Indian Chamber of Commerce and Industry (FICCI) president A C Muthiah on March 20 said that if the Iraq war extends upto three months, it would cast "gloom" on India with oil prices going upto 45 per cent and growth rate dropping to 2.5 per cent.
BSE: Market discounts war news, rallies smartly
Mumbai: Market totally discounted the military strike on Iraq by US and rallied smartly at the early stages of the session on the Bombay Stock Market (BSE) on March 20 on fairly heavy buying by operators and retail investors.
Air India brings back 750 Indians from Kuwait
Mumbai: More than 750 Indians, some along with their families, returned to Mumbai from Kuwait early on March 20 by two special Air India flights.
First AI flight leaves for Kuwait for evacuation
Mumbai: With hours left for the expiry of US ultimatum to Iraq, Air India is rushing
four flights to Kuwait to bring home over 1,000 Indians and one
plane left for Kuwait City this evening.
