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Home -> Finance -> News

NATIONAL
Sensex rebounds by 65 pts on hectic short covering
The downward trend was arrested and stocks today (Sep 29, 2004) bounced back with a vengeance lifting the Sensex by 65 points on hectic short covering coupled with selective purchases by Foreign Institutional Investors (FIIs).

BSNL-MTNL merger: Govt to appoint advisor soon
Government today (Sep 28, 2004) said it has begun the process of scrutinising the names for appointment of advisors to synergise operations of the telecom PSUs (Public sector unit), BSNL (Bharat Sanchar Nigam Ltd) and MTNL (Mahanagar Telephone Nigam Ltd).

CyberMedia- Dice tie up for online tech recruiting
Speciality media house, CyberMedia, today (Sep 29, 2004) announced that it has entered into an agreement with the American firm Dice for online technology recruiting business in India.

Acer's Jo Jeeta Wahi Sikander records good sales
Acer today (Sep 29, 2004) announced that it has increased sales from its retail network by over 70 per cent since the launch of its exclusive 'Jo Jeeta Wahi Sikandar' promotion programme targeted at its retail partners in August 2004.

INTERNATIONAL
Indian economy to grow by 6.4 pc during 2004: IMF
Indian economy is poised to grow by 6.4 per cent during the current year and 6.7 per cent in 2005 but deficient rains are raising concerns about agricultural growth, the IMF said in Washington today (Sep 29, 2004).

IBM builds world's fastest supercomputer 'Blue Gene/L'
IBM today (Sep 29, 2004) claimed it has built the world's fastest supercomputer, wresting the title from Japanese company NEC.

Teleopti launches new version of Contact Center Coach
Teleopti, one of the world's leading providers of solutions for strategic workforce management has today (Sep 29, 2004) announced the launch of the latest version of its workforce management solution, Teleopti Contact Center Coach v. 5.3.

Private sector fuelled Indian eco growth in '04: IFC
Indian economic growth has gained momentum due to an accelerating expansion by the private sector and the International Finance Corporation (IFC) has supported this trend with a record level of investments in the financial year 2004, IFC has said.