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Home -> Finance -> News

NATIONAL
Wipro awarded HP IPv6 solution partner certification
Wipro Technologies, the global IT services division of Wipro Limited, today (Nov 17, 2004) announced that it has been awarded the "HP IPV6-Ready Solution Partner" certification at the International Tandem Users Group (ITUG) Summit 2004, held in San Jose, California (USA).

US-based KickCommHiepler to enter Indian market
US-based KickCommHiepler, a joint venture between Kick Communication and Hiepler 'Partner' of Germany, a leading software and consulting company, today (Nov 17, 2004) announced that it has decided to tap onto the opportunities in the Indian automotive and real estate leasing and finance sectors.

World Bank indicates over $ 3 bn funding to India
Asking India to take care of the rising fiscal deficit, World Bank (WB) today (Nov 17, 2004) indicated over $ 3 billion financial assistance to the country in the next few years.

MRO-TEK launches esona-100, sees huge demand
MRO-TEK Ltd., a major provider of product-based solutions to access every network, today (Nov 17, 2004) announced the availability of eSONA-100 developed by its R&D team. ESONA-100, takes care of quality of service issues in any network and acts as (BW) Band width manager.

Market zoomed past the crucial 6000-mark
The market today (Nov 17, 2004) zoomed past the crucial 6000-mark and ended at a nine-month high of 6016.58, paving the way for the anticipated stocks rally that could drive Sensex to historic peak of 6249.60 in the near future.

'Software is where magic is and India is magic'
India is 'relatively under-computerised' with only 4 million personal computers, as against China where the penetration of PCs stood at around 18 million, Microsoft Corporation Chief Executive Officer Steven A Ballmer said.

Chidambaram sees 6.5 pc economic growth in FY05
India will continue to be one of the fastest growing economies in the world with the GDP (Gross Domestic Produce) expected to grow by 6-6.5 per cent in this fiscal, Finance Minister P Chidambaram said today (Nov 17, 2004).

INTERNATIONAL
US firm Lucent Tech faces bribery allegations
US telecom-equipment maker Lucent Technologies faces bribery allegations in a giant Saudi telecom project, according to a lawsuit filed in a district court in the southern district of New York by Saudi-based Silki-La-Silki National Telecom.