Naik calls for joint oil exploration with Sri Lanka
Colombo: Following up on a $ 100 million investment in Sri Lanka's oil retail sector, Petroleum and Natural Gas Minister Ram Naik on May 28 announced that India was keen on joining oil exploration in the island.
HVB selects i-flex's Flexcube for banking solutions
Bangalore: IT solutions provider to the financial services industry, i-flex solutions on May 28 announced that HyproVereinsbank Group (HVB Group), a top European bank, is rolling out "Flexcube" banking solution in its 50 subsidiaries spread over five years.
Stocks bounce back on purchases by foreign funds
Mumbai: Led by IT bellwether Infosys Tech, equities bounced back and lifted the SENSEX by 49 points at close at the Bombay Stock Exchange (BSE) on May 28 on hectic short-covering coupled with fresh purchases by foreign as well as domestic funds.
Infosys launches South Asia chapter of Fulcrum
Bangalore: Software major Infosys Technologies on May 28 announced the launch of the South Asia
chapter of Fulcrum -- the Finacle User Forum.
Enterasys announces JV with Select Technologies
Bangalore: US-based network infrastructure major Enterasys Networks has signed a partnership agreement with Select Technologies, the networking arm of WeP Peripherals Ltd, to promote and distribute the company's products in the country.
IBM employee detained in Malaysia back home
Bangalore: An employee of Bangalore-based software major IBM, Narendra Babu, who was detained by
the Malaysian authorities for overstaying his visa, is back home, the company said on May 28.
BSE: SENSEX stable during morning trading
Mumbai: The SENSEX once again opened firm and rallied past 3100-mark after the overnight reaction, in line with a turnaround in software stocks during the morning trading on the Stock Exchange, Mumbai (BSE) on May 28 on fresh buying prompted by a sharp upsurge on Wall Street last night.
INTERNATIONAL WTO must give importance to developing world: Abbot
Geneva: Admitting that the World Trade Organisation (WTO) was tilted towards the developed world, the multilateral trade body's deputy director general Roderick Abbot said issues of concern to developing countries should be given due importance.
