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Home -> Finance -> News

NATIONAL
Equities turn weak; pulls down Sensex by 55 pts
Equities, once again, turned weak and pulled the Sensex down by 55 points at close in an otherwise erratic movements at the Bombay Stock Exchange (BSE) today (Apr 12, 2004) on late sell-off by domestic mutual funds as well as a large corporate house.

Indian economy growing at healthy rate: Jaswant
Asserting that the Indian economy is growing at a "healthy rate", Union Finance Minister Jaswant Singh today (Apr 12, 2004) said the 10.4 per cent growth achieved by the National Democratic Alliance (NDA) Government in the fourth quarter is the "highest quantitative rate" ever by an Indian Government.

IBM announces partnership with Apara Solutions
IBM India today (Apr 12, 2004) announced a partnership with Apara Enterprise Solutions to market IBM TotalStorage solutions in India.

BSE: Sensex meets resistance after promising start
After a promising start, the sensex met a strong resistance in line with profit booking in blue-chip stocks at higher levels during morning trading on the Stock Exchange today (Apr 12, 2004).

INTERNATIONAL
US firms moving to India, China for brain power too
While US companies often outsource jobs for lower wages, many are also going to India, China and Eastern Europe for "brain power and product ideas".