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NATIONAL
Tata Elxsi, Sasken & S2 open shop in Frankfurt
Bangalore: The Frankfurt Economic Development GMBH (FEDC) today (Oct 31) announced the opening of the offices of three Indian companies – Tata Elxsi, Sasken Communication Technologies and S2 Engineering Design Solutions – in the German city.

'Indo-US trade's one-way growth may create friction'
Kolkata: The sustained growth in India's exports to the US with no similar increase in US exports to India could be a "source of friction" between the two trading partners, US Consul General George N Sibley said.

Enter mainland China through us, says Hong Kong
Bangalore: Invest Hong Kong, Hong Kong's Government agency today (Oct 31) invited Indian IT firms to use the Far East country as a gateway to enter the mainland China market.

Govt taking steps to address exporters problems
Kolkata: The Centre, concerned at the "critical" scenario in export front due to hike in shipping freights and weakening of US Dollar, was taking steps to address the exporters problems but remained confident of achieving the engineering export target of $ 8.2 billion in 2003-04.

SENSEX zooms up by 126 pts to cross 4900-mark
Mumbai: SENSEX zoomed up by 126.35 points and crossed the 4900-mark, before ending at 4906.09 at the Bombay Stock Exchange (BSE) as shares rallied sharply following heavy all-round buying activity after the excellent second quarter results by many leading companies.

B'lore IT.COM to host Government IT Enabler Seminar
Bangalore: Bangalore IT.COM 2003, Asia's largest ICT event, is hosting a seminar titled Government IT Enabler on 2nd November 2003, at the Taj West End from 9:00 AM (IST) to 5.30 PM (IST).

INTERNATIONAL
Lloyds, Barclays to outsource more from India
London: Amid protests from trade unions, two leading British banks Lloyds TSB and Barclays have announced their plans to move more than 1,000 banking jobs to India as part of outsourcing to cut down costs.