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Home -> Finance -> News

NATIONAL
Sonata Software expands operations in Hyderabad
Sonata Software Ltd, today (Feb 17, 2005) announced the expansion of its Microsoft Competence Centre (MCC) to its latest facility at Hyderabad, and that the company is targeting to add another 300 key Microsoft-skilled resources within the next few months.

MetricStream to invest $ 10 million in India
California-based MetricStream, Inc, a leader in enterprise quality and compliance solutions space, today (Feb 17, 2005) said it plans to invest at least $ 10 million over the next three years in India in building infrastructure, manpower and "leadership across all functions".

SBI eyes banks in Afro-Asia; to merge operations
As part of its vision to become a multinational corporation, State Bank of India (SBI) is now scouting for more banks in South Asia and Africa while steadily consolidating its seven associate banks.

BSE: Sensex dips by 18 points in volatile session
Despite heavy FII inflows, equities continued their slide and the Sensex ended 18 points down, extending the losses to third straight session in volatile activity on the Bombay Stock Exchange today (Feb 17, 2005).

Govt for IT upgradation of Excise, Customs depts
The Government today (Feb17, 2005) approved Rs 167.05 crore for upgrading the IT infrastructure of Customs, Excise and Service Tax departments to boost trade.

Sensex opens weak, dropped sharply in early stages
The sensex opened below 6600-level and later dropped sharply in volatile activity in the initial thirty minutes of trading on the Bombay Stock Exchange (BSE) today (Feb 17, 2005) on sustained selling pressure from investors despite increased Foreign Institutional Investment (FII) inflows.