NATIONAL IT exports to grow by 26-28 % in FY04: Karnik Notwithstanding the Rupee appreciation and outsourcing backlash, the software exports for 2003-'04 are on track to grow by 26 to 28 per cent.
Sensex stages smart recovery after yesterday's crash The sensex opened weak and later staged a smart recovery during morning trading after a 344-point crash in the last two sessions on the Stock Exchange today (May 12, 2004) on hectic short covering ahead of Lok Sabha poll results tomorrow (May 13, 2004).
INTERNATIONAL 'Rupee under-valuation making Indian exports cheap' Concerned over under-valuation of Rupee that was making Indian exports cheaper, the US Electronic Industries Alliance today (May 12, 2004) proposed tightening L-1 visa rules to prevent foreign companies operating in India to bring their employees to US.
Australian budget allocates AUD 17.2 mn to India The Australian budget for the year 2004-05 has allocated an estimated AUD 86.4 million for South Asian countries as Official Development Assistance (ODA), out of which 20 per cent has been assigned to India, to promote good governance and improve basic service delivery at the State and community level in the region.
