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NATIONAL
Infinite reports sales of 161 cr; up by 34 %
Bangalore: IT services firm, Infinite Computer Solutions, today (Dec 11, 2003) reported a sales of Rs 161 crore for the first half of this fiscal, up by 34 per cent over Rs 120 crore reported during the same period last year.

ADB raises India's growth projection to 6.7 pc
New Delhi: Asian Development Bank (ADB) today (Dec 11, 2003) revised upwards its growth projection of Indian economy to 6.7 per cent in 2003 but cautioned that GDP (Gross Domestic Product) was expected to grow by 6.3-6.4 per cent next year.

India eyeing regional markets beyond US, EU
Bangalore: India is signing Free Trade Agreements (FTA) with regional blocks to expand beyond its traditional markets like the US and Europe, a top Government official said today (Dec 11, 2003).

Sensex opens past 5300-mark on fresh buying
Mumbai: The Sensex opened past 5300-level and later moved in a small range during morning trading in continued scrip-specific activity on the Bombay Stock Exchange (BSE) today (Dec 11, 2003) on sustained purchases by foreign funds.

Infogain acquires BPO firm; to hire 500
New Delhi: IT services company Infogain said that it had entered the business process outsourcing sector through acquisition of two BPO businesses in India and US including a 100-seat capacity business in Gurgaon.