NATIONAL Don't panic, we'll manage exchange rate: Jaswant Finance Minister Jaswant Singh today (Apr 2, 2004) assured exporters that the Government and the RBI (Reserve Bank of India) were keeping a vigil on the movement of Rupee against US Dollar, and that "appropriate" steps would be taken at the "right" time to keep the market stable.
Tariff war: MTNL emulates BSNL; cuts ISD rates by 25% The Mahanagar Telephone Nigam Ltd (MTNL) today (Apr 2, 2004) announced up to 25 per cent reduction in ISD (international subscriber dialling) rates for calls made to destinations like the United States, the Untied Kingdom and Southeast Asian countries.
IT department slaps Rs 261 cr notice on Wipro The Income Tax department has served a Rs 261.4 crore demand notice to Wipro pertaining to its software profits, but the IT major said today (Apr 2, 2004) that it would file an appeal against it.
Blue-chip stocks surge up, Sensex up by 47 pts Blue-chip stocks surged up further to a strong finish pushing the Sensex by another 47 points at close in volatile activity at the Bombay Stock Exchange (BSE) today (Apr 2, 2004) on week-end buying by operators and positive FII (Foreign Institutional Investors) inflow.
Mphasis BFL to buy Kshema Tech for $ 21 million Information Technology (IT) firm Mphasis BFL Group today (Apr 2, 2004) announced acquisition of Bangalore-based Kshema Technologies, for about $ 21 million through a combination of stock and cash deal to strengthen its technology offering to its global customers.
INTERNATIONAL Tatas keen on acquiring Deawoo's engine unit too Tata Motors has expressed interest in acquiring engine and transmission units of Daewoo Motors India (DMIL) soon after acquiring commercial vehicles operations of Daewoo Korea.
