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Home -> Finance -> News

NATIONAL
Infocomm call routing case: DoT files caveat in SC
Government today (Mar 5, 2005) filed a caveat in the Supreme Court pre-empting Reliance Infocomm's move to get an ex-parte relief against the TDSAT order upholding the Rs 150 crore penalty imposed by the Department of Telecom (DoT) on the private operator for routing international calls as local ones.

Govt, RBI to ensure price stability, soft interest
The Finance Ministry and the Reserve Bank of India (RBI) will work together to ensure price stability and benign interest rates in the economy, Finance Minister P Chidambaram said today (Mar 5, 2005).

Wipro Tech opens new office in Munich, Germany
Wipro Technologies today (Mar 5, 2005) said that it has opened a new office in Munich, Germany.

Fixed wireless services to remain on premises: TRAI
Telecom regulator has directed operators to strictly ensure that the terminal used for fixed wireless services is strictly confined to the premises of the subscriber and warned of action under the licence agreement in case of any violation.

Scandent plans to be listed on four Indian bourses
US-headquartered Scandent Solutions Corporation, which acquired software solutions business of SSI Ltd, is planning to get listed on four Indian bourses soon.

INTERNATIONAL
India, US among highest money laundering nations
India, Pakistan and the US are among 55 money laundering countries of "primary concern", where financial institutions "engage in transactions involving significant amounts of proceeds from serious crime," the State Department has said.

'Offshoring companies must weigh risks vs rewards'
As more and more companies are seeking the cost savings and competitive advantage offshoring promises, most experts see no end in sight to the outsourcing trend.