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India has the potential to become global hub: Karnik
Chennai: The Indian manufacturing sector had the potential to emerge as the global hub, especially on account of its skilled manpower, advanced technology and software expertise, NASSCOM (National Association of Software and Service Companies) chief Kiran Karnik said on August 26.

Govt asks SC not to stay HPCL, BPCL privatisation
New Delhi: Government has asked Supreme Court not to stay the privatisation of oil PSUs (Public Sector Undertakings) HPCL (Hindustan Petroleum Corp Limited) and BPCL (Bharat Petroleum Corp Limited) as it would lead to irreparable loss and injury to economic sentiments in the country besides impacting the stock markets.

Hutch to invest Rs 1,600 crore on networks in 2003
Bangalore: Cellular phone operator Hutchison Essar plans to invest Rs 1,600 crore in its network infrastructure in the country and aims to touch four million subscribers in 2003.

Stock market bounces back; SENSEX up by 148 pts
Mumbai: The impact of yesterday's (Aug 25) twin bomb blasts in the metropolis was short-lived and stocks bounced back with a vengeance driven by hectic purchases by foreign funds, aiding the SENSEX to end 148-point up in brisk activity at the Bombay Stock Exchange (BSE) on August 26.