NATIONAL Haddad warns India of subtle games of pharma MNCs
Mumbai: Father of generic industry, William F Haddad today (Dec 12, 2003) cautioned Indian
bureaucrats and politicians not to get carried away by the 'subtle games' played by the multinational
drug companies with respect to drug pricing before the product patent regime comes into force in 2005.
UK seeks Foreign Direct Investment from India
Kolkata: Riding high on a robust economic growth, United Kingdom (UK) today (Dec 12, 2003) made a
strong pitch for attracting foreign direct investment (FDI) from India.
Intel's B'lore centre to work on Next Gen mobile chip
Bangalore: Projecting India as a centre of Intel's core chips development work, as against China where
only localisation and software development takes place, a company official today (Dec 12, 2003) said its
development centre in Bangalore would work on the next generation mobile chipset to be launched next
year, as well as processor for servers.
SENSEX continues to gain; crosses 5300-mark
Mumbai: The SENSEX ended above 5300-mark for the first time since April 13, 2000 in a four-day
winning streak at the Bombay Stock Exchange (BSE) today (Dec 12, 2003) on sustained purchases by
Foreign Institutional Investors (FIIs).
World Bank to double its assistance to India soon
New Delhi: World Bank (WB) today (Dec 12, 2003) indicated that it will double its lending to India to
$ 2.5-3.0 billion annually within 2-3 years, and said it plans to raise $ 100 million from the domestic
market through bonds.
Increased FII activity helps Sensex open strong
Mumbai: The Sensex opened strong and later moved further upwards on the back of a rally in banking
stocks during morning trading on the Bombay Stock Exchange (BSE) today (Dec 12, 2003) on increased
foreign institutional investment (FII) activity during the past few days.
INTERNATIONAL UK to raise skill levels to counter outsourcing
London: Britain has ruled out a "protectionist response" to off-shoring by companies specially to
countries like India and is gearing up to generate more and better jobs by raising skill levels, supporting
enterprise and raising business innovation and productivity.
'Outsourcing essential for survival of UK companies'
London: Asserting that there is nothing to fear from the process of outsourcing, Peter Luff, chairman, Conservative Parliamentary Friends of India, has said that outsourcing is in the interests of the survival and success of British companies.
