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NATIONAL

Indian firm restrained from using SmithKline's names
New Delhi: Pharmaceutical major SmithKline Beecham has got a major relief in the Delhi High Court, with an Indian company restrained from manufacturing and marketing its analgesic drug containing paracetamol by using the brand name "PARAMAX" and "PANAMAX".

SENSEX notches up yet another 33.79 pts at BSE
Mumbai: The benchmark notched up yet another 33.79 points to close at 3164.25 at the Bombay Stock Exchange (BSE) on May 29, supported largely by a sharp rally in old-economy heavyweights, including select bank and PSU (Public Sector Undertaking) shares, following sustained buying by foreign funds and retail investors.

India's forex reserves comparable to the best: IMF
Mumbai: India's management of foreign exchange reserves has "generally been in accordance with International Monetary Fund (IMF) guidelines and comparable to global best practices," according to an IMF document.

CISCO implements WAN network for Federal Bank
Kochi: The private sector Federal Bank will be interconnecting all its 421 branches across India by December this year, by implementing the multi-location voice ready wide-area network (WAN).

Wharton-Infosys awards for global visionaries
Bangalore: Infosys (Nasdaq: INFY) and the Wharton School of the University of Pennsylvania announced the winners of the second Wharton Infosys Business Transformation Awards (WIBTA).

Subex Systems ties up with Bharti Cellular
Bangalore: Subex Systems, Bangalore-based telecom software Products Company, on May 29, announced that it has signed a contract with leading mobile operator Bharti Cellular, to deploy its flagship Fraud Management System, Ranger.

Ban on BPO won’t work for long: US Congressman
New Delhi: Speaking at a CII (Confederation of Indian Industry) forum on "Gobalisation and Business Process Outsourcing: Win Win for India and the US", Congressman Jay Inslee, US House of Representatives, emphasized that protectionism is a barrier to healthy trade between any countries.

INTERNATIONAL
Trigent builds online application for MySelfHelp.com
Southborough: Trigent Software is developing an application platform for MySelfHelp.com, a provider of online, interactive, self-help resources for the mental health self-care industry.