NATIONAL OBC for major manpower restructuring in GTB unit Oriental Bank of Commerce (OBC) is set to carry out a major manpower restructuring especially at the acquired Global Trust Bank (GTB) unit, after it gets a report from National Institute of Bank Management (NIBM).
US-based Cancer Genetics launches India Operations Cancer Genetics Inc, a leading biotechnology company in the USA, today (Feb 16, 2005) announced the launch of Genetics Specialties Private Limited, in Bangalore.
IIT Roorkee joins Oracle Academic Initiative Oracle India Private Limited, the wholly owned subsidiary of Oracle Corporation, announced today (Feb 16, 2005) that IIT Roorkee has become the 42nd educational institution in India to join the Oracle Academic Initiative (OAI).
BSE: Sensex tumbles by 133 pts after early rally Early price rally was short lived and the market crashed by 133 from the day's high of 6714.13 in a dramatic negative turn on heavy sell-off in the last one-hour, triggered by a stiff opposition to banking reforms.
UPA has not 'closed doors' on disinvestment: Azad The United Progressive Alliance (UPA) Government has not closed its doors on disinvestment and the options are very much there, Union Urban Developoment and Parliamentary Affairs Minister Ghulam Nabi Azad said today (Feb 16, 2005).
Budget may peg GBS at Rs 1,72,000 crore for FY06 The Budget for 2005-06 may peg gross budgetary support (GBS) at Rs 1,72,000 crore, which includes about Rs 26,000 crore additional outgo from the Centre to the States in line with 12th Finance Commission's recommendations.
Govt meddling with RBI's independent role: Left Stepping up attack over the "unnecessary" banking reforms, the Left parties have charged the United Progressive Alliance (UPA) Government with deliberately meddling with the independent role of the Reserve Bank of India (RBI) in fixing norms on Foreign Direct Investment (FDI) and voting rights.
POSCO to invest Rs 40,000 cr for Orissa steel plant The South Korean Pohang Steel Company (POSCO) is expected to sign a Memorandum of Understanding (MoU) with the Orissa Government about setting up a 12 million tonne capacity steel plant in Orissa within the next two months.
Sensex rallies past 6700-mark in morning trading The sensex opened marginally up and later rose past 6700-mark during morning trading on the Bombay Stock Exchange (BSE) today (Feb 16, 2005) on fresh buying support prompted by a hefty Foreign Institutional Investments (FII) on Monday (Feb 14, 2005) as well as expectations of more fund inflows from local institutions.
Knowledge-based outsourcing to be 'next big thing' Expecting knowledge-based outsourcing to become the 'next big opportunity', Scope e-Knowledge Centre yesterday (Feb 15, 2005) said it would expand its global footprint and increase workforce.
INTERNATIONAL America's 'brain drain' is India's 'brain gain' The highly-skilled, Indian-born talent that once flocked to the US is now returning home, "turning America's brain drain into India's brain gain," a report released by a high-tech lobbying group in Silicon Valley said.
