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Home -> Finance -> News

NATIONAL
HP Labs's new handwriting tech on trial in India
HP Labs India, the R&D outfit of global IT major HP focusing on innovating IT products aimed for low cost nations, will soon begin field trials for its script-independent handwriting recognition technology and broadcasting services, company officials said today (Mar 29, 2005).

Juniper Networks to increase its headcount to 400
Juniper Networks plans to hire nearly 230 professionals at its R&D unit in Bangalore by 2005 end, the company said in Bangalore today (March 29, 2005).

BSE: Sensex dives by 143 pts on yearend sell-off
A virtual meltdown in stock prices today (March 29, 2005) wiped out investors wealth by Rs 38,091 crore and sent the Sensex tumbling by a whopping 143 points to end at two-month low of 6367.86 on relentless selling ahead of the fiscal yearend, weighed down partly by global weakness.

Accenture customer centre gets COPC certification
Accenture's customer contact centre in Bangalore has been awarded Gold Standard certification by the Customer Operations Performance Centre Inc (COPC), becoming the first contact centre in the world to earn the highest certification from the leading authority on customer contact centre operations, the company said.

'3i Infotech exploring acquisition of IT Company'
IT solutions and services firm 3i Infotech Ltd today (March 29, 2005) said it is exploring acquisition of IT firm to deepen its product offering and in select geographies where it does not yet have a presence.

Tamil Nadu to buy diesel from 'Reliance Petroleum'
The State owned transport corporations in Tamil Nadu have decided to source five per cent of their diesel requirements from Reliance Petroleum Company as it has offered a discount of Rs 1,300 per kilolitre for six months from April one, the Transport Minister, R Viswanthan, informed the State Assembly today (March 29, 2005).

Factories Act now allows women to work night shifts
Government today (Mar 29, 2005) decided to amend the Factories Act 1948, to allow women to work in late night shifts.

Global Edge acquires assets of Ionic Microsystems
Global Edge Software, a city based Embedded Software Services Company, today (Mar 29, 2005) announced it has acquired the assets of Ionic Microsystems, another Bangalore based technology provider for wireless LAN and broadband residential gateways.

Cabinet to extend VAT in UTs through ordinances
The Cabinet today (Mar 29, 2004) decided to extend Value Added Tax (VAT) in the Union Territories of Daman & Diu, Dadra and Nagar Haveli through an ordinance.

Cabinet to extend VAT in UTs through ordinances
The Cabinet today (Mar 29, 2004) decided to extend Value Added Tax (VAT) in the Union Territories of Daman & Diu, Dadra and Nagar Haveli through an ordinance.

Wipro allotted land in Coimbatore for BPO centre
Wipro Ltd will be allotted 10-12 acres of land in Coimbatore for setting up a centre for its Business Process Outsourcing (BPO) division.

BSE: Sensex down by 40.48 pts after promising start
The Sensex today (Mar 29, 2005) turned weak after a promising start and moved downwards during the morning trading on the Bombay Stock Exchange (BSE) on renewed selling pressure from operators amid slowdown in Foreign Institutional Investors (FIIs) inflows.

REL expresses surprise over environment body order
Reliance Energy Ltd (REL) yesterday (Mar 28, 2005) expressed surprise over the order of the Dahanu Taluka Environment Protection Authority (DTEPA) asking it to furnish a bank guarantee of Rs 300 crore for setting up the Flue Gas Desulphurisation (FGD) project.

India attractive IT venture capitalists destination
India is to witness an increase in Venture Capital (VC) funding activities from the Silicon Valley as VCs are increasingly looking at India as an investment base.

TRAI may reduce international bandwidth prices
Telecom Regulatory Authority of India (TRAI) has claimed that the proposed reduction in international bandwidth prices by up to 70 per cent with effect from April 1 is in line with global prices.

AI launches direct flight from Delhi to Los Angeles
Air India yesterday (Mar 28, 2005) launched its direct flight from Delhi to Los Angeles.

INTERNATIONAL
'Tata to get natural gas at market price in B'desh'
Bangladesh will sell natural gas to India's giant conglomerate Tata at market price when it sets up plants in the country, Industries Minister Matiur Rahman Nizami said in Dhaka.

India seeks long-term oil deals with Saudi: Aiyar
India seeks long-term oil deals with Saudi Arabia with assured delivery every year, Minister of Petroleum and Natural Gas Mani Shankar Aiyar has said.