NATIONAL 'H-1B visa cut won't affect Indian IT industry' National Association of Software and Service Companies (Nasscom) today (Feb 18, 2004) said that the US decision to limit visas for skilled workers to 65,000 would not have any impact on the Indian IT industry in the immediate future, but said the American move was against the spirit of free trade.
IPCL floor price for public issue fixed at Rs 170 Government today (Feb 18, 2004) fixed a floor price of Rs 170 per share for Indian Petrochemicals Corporation Limited (IPCL), and decided to offer five per cent discount to retail investors in the ensuing public offer slated to hit the market on February 20.
Tata Motors to buy Daewoo Commercial Vehicle Co Tata Motors Ltd today (Feb 18, 2004) signed an investment agreement for acquisition of Daewoo Commercial Vehicle Company Ltd (DWCV), the second largest truck-maker in
Korea, for approximately $ 102 million (Rs 465 crore).
ONGC aims to become $-100-bn Oil & gas major Aiming to become a 100-billion-Dollar integrated oil and gas major in 5 years, State-run Oil and Natural Gas Corp (ONGC) has proposed setting up of seven non-Government firms to manage its marketing, well drilling, LNG (Liquefied Natural Gas), logistics, shipping and petrochemical businesses under a new corporate structure.
Curbs on outsourcing a 'retrograde step': Stoiber Bavaria, a key German State, today (Feb 18, 2004) said that restrictions on outsourcing of services to India would be a "retrograde" step and would not be in conformity with the process of globalisation.
Sensex moves upwards during morning trading The Sensex opened firm and moved upwards during morning trading in line with a fresh stocks upsurge at the Bombay Stock Exchange (BSE) today (Feb 18, 2004) on sustained buying support by operators and retail investors.
INTERNATIONAL US panel okays anti-dumping duties on Indian shrimps The US International Trade Commission (ITC) has given preliminary approval to imposition of anti-dumping duties on shrimp imports from India and five other countries.
