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Headlines Now
NATIONAL
Naik for sharing 50 pc oil & gas profit with states
Jaipur: Union Minister for Petroleum and Gas Ram Naik on September 10 said he favoured sharing 50 per cent of the profit from sale of oil and gas with the states from where the natural resources are exploited.

'Washington keen on business ties with India'
Bangalore: The State of Washington is keen to explore business ties with India, especially Karnataka in the field of hi-tech software products, food processing, retailing, biotech and aerospace, a top official of US trade delegation said.

Wipro executes multi-lingual SAP implementation
Bangalore: Wipro Technologies, the global IT services division of Wipro Ltd, on September 10 said it has completed execution of the supply chain project of an end-to-end SAP implementation for SANYO's mobile energy supply chain project covering eight locations across five countries.

Late buying rescues SENSEX; up by 9.06 pts
Mumbai: Emergence of buying in select old-economy shares in the final hour of trading, helped the SENSEX to recoup its initial losses at the Bombay Stock Exchange (BSE) on September 10 and closed at 4434.26, up by 9.06 points.

ITC, ClientLogic set up BPO JV; on a hiring spree
Bangalore: ITC Infotech India Ltd, the wholly-owned subsidiary of ITC Ltd has set up a joint venture (JV) "CLI3L" in association with US-based ClientLogic to make its foray into the fast growing Information Technology (IT) enabled services segment.

Coimbatore to host 2-day conference on BPO
Coimbatore: With a view to provide a competitive edge in understanding of how to use outsourcing to improve the performance of business, a two-day national conference on "Business Process Outsourcing" is being held from September 12 in Coimbatore.

BSE: Share prices plummet at opening session
Mumbai: Share prices opened lower and drifted further downwards at opening session on the Bombay Stock Exchange (BSE) on September 10 on fresh selling by operators.

INTERNATIONAL
Harsh G-21 communique forces US, EU on the backfoot
Cancun (Mexico): United States and European Union were forced to be on the backfoot on September 10 as ministers of G-21 developing countries including India, Brazil and China issued a draft ministerial communique on agriculture, shortly before the start of the five-day World Trade Organisation (WTO) Ministerial.