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Home -> Finance -> News

NATIONAL
Red Hat to double India headcount to 70
Buoyed by the performance of server-based Linux operating systems, leading Linux provider Red Hat India would double its workforce to 70 in the country in 2004 while planning to launch Linux desktops for the home segment in the current year.

RBI Governor says economy is on the upswing
Reserve Bank of India (RBI) Governor Y V Reddy today (Feb 12, 2004) said in view of the low inflation and consolidation of growth in the gross domestic product (GDP), the country was poised to contribute significantly to the world output.

Sensex snaps gaining streak; down by 12.82 pts
Share values snapped four-session gaining streak on the Bombay Stock Exchange (BSE) today (Feb 12, 2004) due to emergence of selling by local funds and the Sensex turned weak by 12.82 points to close at 5936.96.

George Shaheen inducted into 24/7 board of directors
Call Centre firm 24/7 Customer said today (Feb 12, 2004) former CEO of Accenture, George Shaheen has been inducted as a director on the board of the company.

Over 8 pc GDP growth sustainable: S Narayan
Government today (Feb 12, 2004) exuded confidence in sustaining gross domestic product (GDP) growth of over eight per cent in the next fiscal following a slew of economic policies announced during 2003-04.

Sensex opens strong, heavy buying by foreign funds
Sensex opened on a strong footing in line with smart rally in share prices at opening trading at the Stock Exchange (BSE) today (Feb 12, 2004) following heavy buying by foreign funds as well as operators on the back of firm overseas advices.

INTERNATIONAL
Tata keen to invest in China's auto, steel, sectors
The Tata Group is scouting for opportunities to invest in China's automobile, hospitality, steel and telecom sectors apart from consolidating the existing venture in Information Technology, Group chairman Ratan Tata said today (Feb 12, 2004).