NATIONAL Putin invites Indian IT firms to build s/w in Russia Pitching for stepping up Indo-Russian IT cooperation, Russian President Vladimir Putin today (Dec 4, 2004) said there was great potential for the two nations to jointly develop and market software in third countries.
Sensex at historic highs on unabated FII inflows The Sensex soared by a hefty 4.77 per cent, smashing all previous records to end the week at 6322.76 after scaling historic intra-trade peak, driven by sustained pouring of funds by foreign institutional investors.
Gold recovers on emergence of marriage season buying Gold prices recovered part of the previous day's losses on the bullion market today (Dec 4, 2004) on revival of buying by retail customers and closed higher by Rs 35 at Rs 6605 per ten gram.
Ambani tussle: Mukesh meets Sonia, Chidambaram On his first visit to the capital ever since the tussle with his brother Anil came into the open, Reliance Industries Chairman Mukesh Ambani today (Dec 4, 2004) met Congress president Sonia Gandhi and is understood to have discussed the trouble in the Reliance empire.
India, Russia to set up working group for IT pact in India and Russia agreed to set up a working group to draw up an inter-Governmental agreement on information technology, Russia's IT Minister Leonid D Raiman said today (Dec 4, 2004).
Mukesh Ambani meets Sonia amidst brothers' tussle Mukesh Ambani, locked in a tussle with his brother Anil Ambani over the ownership of over Rs 80,000 crore Reliance industrial empire, had a meeting with Congress President Sonia Gandhi today (Dec 4, 2004).
PM commits to re-energising economy's growth Terming the decline in investment, particularly from the private sector as a "distressing feature" of the economy, Prime Minister Manmohan Singh today (Dec 4, 2004) committed to recreate policy and political environment to boost investor confidence for increased private investment.
HCL develops special, cheaper PCs for rural market HCL Infosystems Limited yesterday (Dec 3, 2004) said that it has developed a new kind of personal computer that can work on a car battery and would be extremely effective in increasing rural penetration of PCs in the country.
India outsourced $11 bn services, 5th largest in world Contrary to the general perception that India was a major beneficiary of global outsourcing, ILO (International Labour Organisation) on Friday (Dec 3, 2004) said that the country has emerged as the fifth largest economy in the world in terms of outsourcing to other economies.
INTERNATIONAL Virgin Atlantic gets 10 flights to India from UK Virgin Atlantic owned by millionaire Sir Richard Branson has been allotted ten of the 21 additional flights in the UK-India sector by Britain's Civil Aviation Authority (CAA) but the airline expressed disappointment over it.
