NATIONAL B2B Meet opens new vistas for Kerala products Curtains went up on the first Kerala Business-to-Business Meet 2004, opening new vistas for over 10,000 "cent percent" ethically manufactured products from 10 sectors, including the centuries-old traditional industries in Kerala.
'CAG's method for computing Centaur loss idiotic' Disinvestment Minister Arun Shourie today (Feb 19, 2004) hit out at the Comptroller and Auditor General (CAG) for making adverse observations in the Centaur (Mumbai) sale deal without giving the Ministry a chance to explain and said he would take up the issue with the Cabinet Secretary and the Statutory Auditor.
Indian economy grew by 8.9 per cent in Q3: Jaswant Keeping with the growth momentum, the Indian economy grew by 8.9 per cent in the third quarter ended December 2003, Union Finance Minister Jaswant Singh said today (Feb 19, 2004).
Shrimp case: India to fight US' unfair ruling Government today (Feb 19, 2004) said it will fight out the US trade panel's decision giving preliminary approval for imposition of anti-dumping duties on imports of shrimp from India.
Wipro launches new SuperGenius range of desktops With performance-enhancing features, Wipro Infotech today (Feb 19, 2004) launched a new SuperGenius range of desktops based on Intel Pentium 4 processor with Hyper-Threading (HT) technology on high-volume 90-Nanometer manufacturing technology.
Infosys leads crash, Sensex down by 172 points Led by IT bellwether Infosys Tech and the top heavyweight RIL, stocks crashed today (Feb 19, 2004) after a promising start, pulling the Sensex by a whopping 172 points, the biggest fall in terms of points in last three years, on across-the-board sell-off by institutional investors.
Bavaria slams US, Kerry on outsourcing outcry Bavaria, the largest State of Germany, today (Feb 19, 2004) criticised the US move to ban outsourcing of Government contracts to third world countries like India and said putting such restrictions in a globalised economy were unrealistic.
Reliance to set up world's largest power project The Reliance Group yesterday (Feb 18, 2004) announced its decision to set up the world's-largest gas-based power generation project at Dadri in Ghaziabad district of Western Uttar Pradesh.
Macmillan India to focus on BPO business Macmillan India Limited, the local arm of publishing major Macmillan, UK, is expecting a 20 per cent growth in turnover in 2004 while planning to focus on business process outsourcing (BPO) business to render information processing enabled services to other publications.
Sensex meets resistance after a promising start The sensex opened on a promising note and later met with strong resistance in line with a negative reaction in stocks during morning trading on the Stock Exchange today (Feb 19, 2004) on fresh profit booking.
INTERNATIONAL Moody's assigns Baa3 rating to IDBI's debt issue Moody's Investors Service has assigned a higher 'Baa3' rating to Industrial Development Bank of India's (IDBI) proposed 5-year debt issue worth $ 300 million in line with the bank's other existing foreign currency bond ratings.
First 'Made in India' exhibition opens in Myanmar The first ever "Made in India" exhibition showcasing the country's modern products and technologies opened in the Myanmar capital today (Feb 19, 2004) with the two countries hailing it as another step towards strengthening the growing ties between the Asian neighbours.
US law to ban federal funds for overseas products In another step against outsourcing from the US, which could affect India, Democratic Senator Christopher Dodd has introduced a legislation to ban the use of federal funds to buy goods and services produced by overseas workers.
