NATIONAL AP Govt proposes mega-fab facility for microprocessors Andhra Pradesh Government proposed to establish a 'mega-fab facility' for microprocessors in Hyderabad, entailing an investment of $ 160 million to $ 180 million, State Chief Minister Y S Rajasekhara Reddy said today (Sep 2, 2004).
Tariff war: Reliance launches new post-paid plan Private telephony major Reliance Infocomm Ltd has triggered a new bout of price war in India with its launch of a new plan - Joy 499 - for post-paid users with charges of 40 paise per minute for intra-circle calls to company's both WLL and fixedline wireless phones.
Sensex falls despite smart rally in IT counters Despite a smart rally in IT counters, the sensex fell by 12.13 points to close at 5198.72 at the Stock Exchange today (Sep 2, 2004) on profit selling at higher levels and cut-short a three-session winning streak in lacklustre activity.
Massive push to exports, Govt to phase out cesses In a bid to give a massive push to exports, Government will phase out around 29 cesses, mostly levied on farm products, in the coming months as they affect competitiveness of Indian products abroad.
Govt firming up PPI to make inflation count 'realistic' Amid spiralling prices of essential commodities in the country, Government is planning to revamp the method for measuring inflation with the help of World Bank's technical assistance.
Infosys to invest an additional $10 mn in Finacle Infosys Technologies is investing an additional $10 million to further globalise its banking solutions product Finacle, besides expanding its sales force in Europe and Asia Pacific for banking products.
