NATIONAL Nortel to increase outsourcing from India
Bangalore: Global telecom equipment vendor, Nortel Networks, which has so far outsourced R&D worth Rs 1,000 crore (Rs 10 billion) from India over the past five years, is planning to increase its product research development work locally in the core areas of switching and enterprise voice.
SBI to retain 30% of RIB, plans special plan for NRIs
New Delhi: State Bank of India on August 11 said it aims to retain at least 25-30 per cent of the Rs 25,000 crore Resurgent India Bonds (RIB) proceeds by launching an "instrument" having both fixed and floating rates in September.
Infosys further expands its operations in Pune
Bangalore: Infosys Technologies, the leading IT consulting and software services provider, on August 11 announced its plans to ramp up operations in Pune.
BSE: Stocks extend gains to third straight session
Mumbai: After a weak start, equities rallied smartly and the SENSEX extended its gains to straight third session in an otherwise volatile activity at the Bombay Stock Exchange (BSE), on August 11 even as
investors discounted SEBI's (Securities and Exchange Board of India) action against a leading foreign fund manager.
