NATIONAL MTNL slaps Rs 309 cr demand on Reliance Infocomm In yet another case of alleged routing of international calls as local ones, MTNL has slapped a demand of Rs 309 crore on Reliance Infocomm, which has approached the Delhi High Court seeking to restrain MTNL from disconnecting its Points of Interconnections.
Aiyar non-committal on roll back of fuel price hike Petroleum Minister Mani Shankar Aiyar today (Nov 8, 2004) remained non-committal on rolling back the hike in petrol, diesel and cooking gas prices saying the demands for revisiting the decision could only be considered after the Prime Minister returns from The Hague.
Stock market ends at 5930.47, an eight-month high Late profit booking trimmed early gains and the market ended at a eight-month high at 5930.47 even as a decision by Infosys Technologies to make sponsored secondary offering of shares prompted a smart price rally during morning trading.
Infosys ADS will up stock float by 6 % on NASDAQ Infosys Technologies today (Nov 8, 2004) aid it will convert 16 million shares traded in India into American Depository Shares (ADS) which would increase its stock on the US stock exchange NASDAQ by six per cent.
HDFC to hike home loan rates across all maturities Housing Development Finance Corporation (HDFC) is all set to raise the interest rate on its home loans across all maturities by 0.50 per cent after Diwali.
Quantum inks strategic pact with Wipro Technologies Quantum Corp, a global leader in storage, and Wipro Technologies, the global IT services division of Wipro Limited, today (Nov 8, 2004) announced a strategic agreement in which Wipro will provide engineering and software design services to augment Quantum's internal storage systems resources.
Infosys Tech to convert 16 million shares into ADS IT bellwether Infosys Technologies today (Nov 8, 2004) said it will convert 16 million shares traded in India into American Depository Shares (ADS) that would increase the float of its stock in US stock market NASDAQ.
INTERNATIONAL Two Indians among world's top 50 businesswomen Two Indians figure in a list of the world's top 50 businesswomen announced by the 'Wall Street Journal' today (Nov 8, 2004).
Outsourcing not a India-US issue says Manmohan Prime Minister Manmohan Singh today (Nov 8, 2004) said India does not see outsourcing as an issue in its relations with Washington and hoped an objective view will emerge on the backlash against it in the United States.
British firms increasingly outsourcing jobs: Survey Faced with intense competition, British companies are under increasing pressure to relocate parts of their business offshore to Europe and Asia, including India, a survey indicated today (Nov 8, 2004).
No question of going back on economic reforms: PM Assuring foreign investors of continuity in policies and that India will never become an "international liability," Prime Minister Manmohan Singh said there was no question of going back on the economic reforms initiated 13 years ago by the then Congress Government.
