NATIONAL WTO deadline nears: India calls for revision of draft With hectic negotiations continuing at WTO to meet the July 30 deadline for Framework Agreement, India today (July 29, 2004) called for revision in the draft text to address its concerns and make it acceptable.
GTB crisis: ICAI seeks details from bank's auditors Following suggestions from the Reserve Bank of India (RBI), the Institute of Chartered Accountants of India (ICAI) has sought explanation from the auditors of crisis-ridden Global Trust Bank (GTB) today (July 29, 2004), and said it was enquiring into the financial problems of the private bank that is being merged with Oriental Bank of Commerce.
IT dealers urge Govt to roll back hike in sales tax IT hardware and software dealers today (July 29, 2004) urged the Karnataka Government to roll back the hike in sales tax on IT products and services warning that it would encourage "grey market" operators affecting tax compliance and increasing corruption.
'Net rates in India very high, we'll bring it down' Union IT Minister Dayanidhi Maran today (July 29, 2004) said Internet access rates in India were very high and the Centre would take steps to bring it down.
BSE: Market jumps by 50 points after two-day break After a brief two-day pause, the market today (Jul 29, 2004) rallied smartly ending up by 50 points at close as investors rolled over fairly good amount of positions in the Futures and Options (F&O) to August contract.
IDBI Bank to merge with IDBI to take on SBI Hardly three days after the proposal to merge Global Trust Bank (GTB) with Oriental Bank of Commerce was made, IDBI, the country's largest financial institution, said today (Jul 29, 2004) it will merge IDBI Bank, its private banking arm, with itself in this fiscal.
IDBI Bank to merge with IDBI, stocks hit upper limit The board of directors has taken in-principle decision to merge IDBI Bank Ltd with IDBI, the financial institution informed the Bombay Stock Exchange on Thursday (July 29, 2004).
Bankers rule out immediate hike in interest rates Borrowers, especially those eyeing housing loans in coming months, may not have to worry much as bankers ruled out an immediate hike in interest rates.
TCS IPO opens for bidding, Rs 775-900 per share Tata Consultancy Services Ltd's (TCS) Initial Public Offer (IPO) today (July 29, 2004) opened for bidding with a price band of Rs 775-900 per share.
INTERNATIONAL Outsource now! Save thousands of Dollars: Experts Companies can save thousands of Dollars by outsourcing the development of custom-software projects to low-cost, offshore locations such as India and China, say researchers.
