NATIONAL Infinite to raise B'lore headcount; eyes BPO segment
New Delhi: Strengthening the offshore operations, IT services company Infinite Computer Solutions (ICS) will increase headcount in its Bangalore development centre to 600 by March 2004 from the current
350.
BSE: Stock market crashes on heavy selling
Mumbai: Shares met with heavy all-round selling and declined sharply at the Bombay Stock Exchange (BSE) on September 18, pulling the SENSEX sharply down by another 101.20 points to end at 4134.15.
Cancun collapse not surprising, says World Bank
New Delhi: World Bank on September 18 said the "collapse" of Cancun World Trade Organisation (WTO) Ministerial was not surprising as it was for the first time that the concerns of developing countries were recognised on multilateral trade issues.
Alcatel's IP communication platform launched
Bangalore: Enterprise communication solution provider ABS India on September 18 announced the launch of Alcatel's IP communication platform, the Alcatel OmniPCX Enterprise.
ILO proposes tripartite model for Indian economy
New Delhi: International Labour Organisation (ILO) on September 18 prescribed a "tripartite model" for Indian economy aimed at promoting healthy industrial relations among the various stakeholders.
World Bank plans Rupee bonds, favours loan prepayment
New Delhi: World Bank, which has been given permission by government to float Rupee bonds, plans to tap the Indian market when the conditions become favourable.
Infosys gets highest corporate governance rating
Bangalore: Credit Rating Information Services of India Limited (CRISIL) has assigned corporate governance 'CG' and value-creation rating 'GVC level-1' to Infosys Technologies Limited, indicating the highest capability to create wealth for stakeholders while adopting corporate governance practices.
INTERNATIONAL Shourie raises questions on SC verdict on divestment
Berlin: Disinvestment Minister Arun Shourie on September 18 raised questions over the Supreme Court judgement halting disinvestment in two oil public sector undertakings (PSUs) – Hindustan Petroleum
Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) - without prior approval of Parliament saying it could lead to reopening of divestment process in government companies ever since 1991.
World economy to grow by 3.2 pc this year: IMF
Dubai: Led by economic recovery in the United States and Japan, the global growth is expected to touch 3.2 per cent in 2003 and 4.1 per cent in 2004, the International Monetary Fund (IMF) said on September 18.
Merrill Lynch promises not to engage in biz deals
New York: Merrill Lynch and Company, in an agreement with prosecutors that let it avoid criminal charges over its role in the Enron debacle, has promised not to engage in business deals – even ones that appear legal – that it believes might be used to mislead investors about a company's financial condition, a media report said.
IMF forecasts economic recovery in India this year
Dubai: The International Monetary Fund (IMF) on September 18 forecast economic recovery in India in 2003 due to good monsoon, but warned that eight per cent growth target will remain elusive without economic reforms and checking the mounting fiscal deficit.
