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 extends gains to third straight session
Mumbai: Equities continued their upward march aiding the SENSEX to extend its winning streak to third straight session at the Bombay Stock Exchange (BSE) on March 21 on selective buying support from operators and retail investors.
Saudi, Kuwait assure uninterrupted oil supplies
New Delhi: Saudi Arabia and Kuwait, which provide about one-third of India's crude imports, have assured uninterrupted supplies through alternative arrangements even if Iraq tried to spread war to neighbouring countries.
'IT exports in value terms to be lower than projected'
Bangalore: India's IT exports for the current financial year (2002-03) is likely to be lower by two to three per cent in value terms from the projected 30 per cent in view of the US Dollar depreciation, according to (National Association of Software and Services Companies) NASSCOM.
TN Budget leaves uncovered deficit of Rs 865 crore
Chennai: New taxation proposals to fetch a revenue of Rs 430 crore had been proposed in the Tamil Nadu Budget for 2003-04, presented to the state Assembly on March 21, leaving an uncovered deficit of Rs 865.15 crore.
Krishna presents K'taka Budget with rural flavour
Bangalore: A slew of sops to farmers, including interest waiver on electricity dues, introduction of VAT (Value Added Tax), mid-day meal scheme and power sector reforms are proposed in the 2003-2004 Karnataka Budget without any fresh imposts.
Air India cancels scheduled flight to Kuwait
Mumbai: Air India on March 21 cancelled its scheduled flight (AI 859) to Kuwait, due to closure of airport in the wake of US bombing of Iraq.
SENSEX moves in narrow range at early stages
Mumbai: The SENSEX opened marginally higher and later showed extremely narrow movements at early stages of the session on the Bombay Stock Exchange (BSE) on March 21 on fresh buying support from operators and retail investors.
Short war won't hit Indian IT industry: NASSCOM
Bangalore: A short war on Iraq would have no impact on India's Information Technology industry, the NASSCOM (National Association of Software and Services Companies) said on March 21.
