NATIONAL VSNL acquires Tyco cable network for $ 130 million International telecommunications and Internet services provider Videsh Sanchar Nigam Ltd (VSNL) has signed an agreement to acquire Tyco Global Network, an operator of submarine cable system, for $ 130 million.
Market recovers early losses, ends 32 points higher Stocks recovered initial losses and a few selected ones posted handsome gains aiding the Sensex to end 32 points up in low volume trading at the Bombay Stock Exchange (BSE) today (Nov 1, 2004) on buying support from operators and day-traders.
Govt rules out further duty cuts on petro products The Finance Ministry today (Nov 1, 2004) virtually ruled out further duty cuts on petroleum products, saying such a measure would lead to slippages in excise and customs collection targets set for this year.
US major Honeywell to add 1,200 people in India American aerospace major Honeywell plans to add 1,200 software engineers in India over the next 12 months, including 1,000 people in the country's aviation hub.
A mammoth hi-tech city worth 390 cr in Bangalore! A Rs 390 crore hi-tech city would be built in Bangalore for information and biotechnology companies by the Bangalore Development Authority, Chief Minister N Dharam Singh said today (Nov 1, 2004).
INTERNATIONAL IOC clinches $ 3 bn deal to develop South Pars field In its biggest ever investment abroad, State-run Indian Oil Corporation (IOC) has clinched a three billion dollar deal to develop a gas block in the gigantic South Pars gas field of Iran and sell LNG (Liquefied Natural Gas) from it.
