NATIONAL Red Hat to double its headcount in India to 100 Sensing increased opportunity in the country, Red Hat India, the leading Linux applications and open source provider, is doubling its headcount in the country to 100 in the next 12-18 months.
Medium term outlook on economy favourable: RBI The Reserve Bank of India (RBI) today (Aug 30, 2004) said the medium term outlook remains favourable with economy in 2004-05 set to build upon the robust performance recorded in previous fiscal though a fuller assessment of impact on monsoon on growth is difficult at this juncture.
Auto sector drives Sensex to strong finish; 69 pt up Led by auto sector, key counters surged up to a strong finish lifting the Sensex by 69 points on the Stock Exchange in Mumbai today (Aug 30, 2004) on fairly heavy buying support from operators coupled with fresh purchases by Foreign Institutional Investors (FIIs).
Jet Airways tops the list of domestic airlines The passenger traffic carried by scheduled domestic airlines in the past five years has grown at an increasing rate annually from 5.4 per cent in 1999-2000 to 11.7 in 2003-04, according to official figures.
No deaths during clinical trials: Biocon Refuting charges of death during clinical trials, India's largest biotechnology firm Biocon has informed the Supreme Court that it had scrupulously followed the rule book in the development and trials of its genetically engineered medicine r-human insulin to fight diabetes.
SBI follows HDFC, hikes fixed rates on home loans Close on the heels of HDFC Bank, State-owned State Bank of India (SBI) hiked fixed interest rates on home loans by 0.25-0.50 per cent while keeping the floating interest rates intact.
Concerto eyeing inbound call centre space in India After acquiring three companies this year, global major in outbound call centre solutions Concerto Software, Inc on Sunday (Aug 28, 2004) said it was looking at acquisitions in India while eyeing over 10 per cent of the country's inbound call system market.
INTERNATIONAL L&T plans a software development centre in China India's leading engineering and construction conglomerate, Larsen and Toubro Limited (L&T) today (Aug 30, 2004) said it is planning to set up a software development centre in China and make it a manufacturing base for the global market as part of the company's foray into the international arena.
