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NATIONAL
IBM, i-flex join hands to tap growing banking biz
Bangalore: IBM and i-flex solutions today (Nov 20) announced a global strategic alliance to deliver and market core banking replacement solutions to medium and large size banks in major markets worldwide.

Sensex declines further by 52.5 pts; closes at 4,771
Mumbai: Sensex extended its downward trend for the third consecutive day on the Bombay Stock Exchange (BSE) today (Nov 20) and dropped by 52.5 points as shares continued to fall sharply due to increased selling pressure, mainly by Foreign Institutional Investors (FIIs).

US hits out at India on barriers to hi-tech trade
New Delhi: The US today (Nov 20) said high tariffs, lower market access and inadequate protection of intellectual property rights in India adversely affect promotion of bilateral trade in hi-technology areas.

PortWise plans customer operation unit in India
New Delhi: IT company PortWise is planning to set up a customer operation unit in India by April 2004 to provide support for its products to the global clients.