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NATIONAL
Infosys bags CII-Exim award for business excellence
Bangalore: IT bellwether Infosys Technologies Ltd has been chosen for the CII-Exim bank award for business excellence in 2002.

Infosys Chief favours selective reservation
Bangalore:Infosys Chairman and Chief Mentor N R Narayana Murthy favoured reservation of jobs in the private sector based on economic criteria than on the basis of caste.

CARE reaffirms AAA, PR1+ ratings of ICICI Bank
Mumbai: Credit rating agency CARE reaffirmed its highest safety ratings of AAA and PR1+ assigned to the various instruments of ICICI Bank Ltd.

ESC aided India's electronics, software exports
Hubli: Electronics and Computer Software Export Promotion Council (ESC), Bangalore has facilitated Indian electronics and computer software exports up to $ 8.86 billion in 2001- 2002 from mere $ 200 million, an ESC official said on April 15.

IA, AI off divestment list, can buy planes now
New Delhi: Paving the way for the public sector carriers to modernise their fleet in the face of severe competition in domestic and international sectors, the government tonight (April 15) took Indian Airlines (IA) and Air India (AI) off the list of PSUs (Public Sector Undertakings) that are to be privatised.

Reliance not to change mobile tariff plan
New Delhi: Putting at rest speculations about sustainability of its 'affordable' tariff, Reliance on April 15 said that there would be no change in its tariff plan and customers would get the STD facilities within its network at 40 paise a minute as part of 'Dhirubhai Pioneer Offer'.

New economy shares in limelight, SENSEX ends flat
Mumbai: Riding piggyback on a sharp rally in front-line new economy counters, the SENSEX attempted a remarkable recovery at early stages only to end flat at the Bombay Stock Exchange (BSE) in Mumbai on April 15.

Oil companies slash Petrol, diesel prices
New Delhi: State-owned oil firms on April 15 decreased retail selling price of petrol and diesel by up to Rs 1.08 and Rs 1.18 per litre respectively, in step with the global softening of crude prices.

SENSEX shows signs of recovery at early stages
Mumbai: After a stocks meltdown last week, the SENSEX showed signs of recovery by opening firm on the Bombay Stock Exchange (BSE) on April 15 on emergence of buying.

INTERNATIONAL
US needs at least $ 550 billion in tax cuts: Bush
Washington: The United States needs at least $ 550 billion in tax cuts to grow the economy, President George Bush said on April 15.