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Home -> Finance -> News

NATIONAL
Narayana Murthy India's most admired biz leader
Infosys chairman N R Narayana Murthy has emerged as India's most admired business leader for the fourth consecutive year, according to a survey by brand consulting, advertising and PR firm Brand-comm.

GETEX 2005 to highlight education opportunities
The 1st Regional Student Recruitment Fair under the banner of GETEX - the Global Education & Training Exhibition will be held from February 26 to 28 2005, at the Taj Residency in Bangalore.

HR issues - key challenge for Offshore Outsourcing
neoIT, the leading offshore advisory and management firm, has published a new white paper that examines the common challenges faced by offshore captive centres. The newest in neoIT popular white paper series, titled 'HR Challenges with Captive Centres', addresses the HR challenges faced in both setting up captive offshore centres and achieving efficient operations.

US firm GCI acquires majority stake in Planetasia
US-based IT services and solutions company Global Consultants Inc (GCI) has acquired majority stake - close to 60 per cent - in India's e-technology off-shore outsourcing company, Planetasia, a Microland Group company, for an undisclosed sum.

Ikanos launches fibre-fast broadband solution
Silicon Valley-based Ikanos Communications today (Feb 23, 2005) launched 100/100 Mbps fibre-fast broadband solution in India targeting businesses and consumers.

BSE: Market ends marginally down at 6582.50 pts
The overnight rally was short-lived and once again, the market today (Feb 23, 2005) turned cautious, ending seven points down in dull activity as crude oil prices climbed above $ 51 per barrel amid reports of burgeoning oil import bill.

S&P projects a lower growth of 6 pc this fiscal
Ahead of the Budget, global rating agency, Standard and Poor's (S&P) has warned that India may not be able to achieve the Fiscal Responsibility and Budget Management (FRBM) target of axing fiscal deficit and projected a lower growth of 6 per cent this fiscal.

Railways asked to raise resources for modernisation
The railways have been advised to go for market borrowings, reduce cross subsidisation on passenger fares and impose cess to raise additional resources for its modernisation programmes in the Budget 2005-06 to be presented on February 26.

Market cautious this morning on soaring oil prices
After opening on a promising note, the stock market today (Feb 23, 2005) came under pressure and turned cautious in lacklustre activity during morning trading on the Bombay Stock Exchange (BSE) amid soaring crude oil prices and rising oil import bill.

INTERNATIONAL
Rosneft offers OVL stake in 11 oil & gas projects
Russia's State-owned oil major Rosneft has offered India's Oil and Natural Gas Corporation (ONGC) Videsh Limited (OVL) stake in 11 oil and gas projects in Russia including Yuganskneftegaz -former Yukos core asset, Union Petroleum and Natural Gas Minister Mani Shankar Aiyar said.

Indian IT giants hiring US executives on great terms
Top Indian information technology companies are recruiting American executives on salaries and bonuses very generous even by American standards, in order to expand in the American market as also to improve efficiency at home, reports said.