NATIONAL RBS, Goldfinger win Wharton Infy business awards RBS, and Yair Goldfinger, CTO, Dotomi Inc, who created personal, relevant and timely messaging channels, have won the Wharton Infosys Business Transformation Awards 2005 for Europe.
RBI to quicken realisation of outstation cheques Reserve Bank of India (RBI) is in the process of implementing a cheque truncation system that's expected to facilitate clearing of outstation cheques in no time, in sharp contrast to several days of wait for such clearance now.
Sensex snaps 5 day gaining string; ends at 6832.53 The Sensex snapped the five-session string of gains and today (Jun 9, 2005) witnessed a downward correction of 26 points in restricted activity even as day traders book profits at higher levels amid a slowdown in inflows from institutional investors.
Chidambaram bullish on high growth, lower deficit Finance Ministry today (Jun 9, 2005) exuded confidence of a high growth prospect and lower fiscal deficit during 2005-06 but indicated that there was no reason to be complacent on the price front.
SBI to merge associate banks within next two years State Bank of India (SBI) is likely to merge its seven associate banks in the next two years and look at acquiring a public sector bank at an appropriate time to emerge as mega-size financial sector player.
CPM shows red flag to Govt offloading BHEL stake The Communist Party of India Marxist (CPM) has asked the United Progressive Alliance (UPA) Government to reconsider its decision to divest ten per cent stake in public sector Bharat Heavy Electricals Ltd (BHEL), saying that the move would only facilitate transferring the shares to the PSU's global competitors as had happened earlier.
'Govt to keep careful watch on inflation & oil' In view of the uncertainty in the world oil prices, Government today (Jun 9, 2005) promised to keep a watch on inflation to ensure price stability in the country.
Sensex falls back after steady start in early trade The Sensex today (Jun 9, 2005) met with moderate resistance and moved downwards during morning trading after a steady start on Bombay Stock Exchange (BSE) as operators booked profits at the prevailing higher levels.
Infosys' First Quarter growth will be flat: Nilekani IT major Infosys Ltd yesterday (Jun 8, 2005) maintained that its performance in the first quarter (Q1) ending June 30, 2005 will be flat while it is acquiring new clients at better prices.
SlashSupport announces its expansion plans in India SlashSupport, an advanced technology support solutions provider, yesterday (Jun 8, 2005) announced expansion of its offshore operations in India by opening its fourth centre in Chennai and hiring over 1,000 IT professionals in the next six months.
Banks can fund acquisition in joint ventures abroad The Reserve Bank of India (RBI) has allowed Indian banks to extend financial assistance to companies for acquisition of equity in overseas joint ventures, wholly owned subsidiaries or in other overseas companies.
RBI to formulate guidelines on outsourcing banking Reserve Bank of India (RBI) is likely to formulate guidelines on outsourcing banking activities by July to improve regulatory oversight for risk management of this segment.
INTERNATIONAL Intel to set up $400 mn ATM facility in India Intel Corp, the world's largest chipmaker, is likely to set up an advanced test manufacturing (ATM) facility in India at an estimated investment of more than $400 million.
India to use Israeli pipeline for crude imports With its appetite for energy growing ever larger, India today (Jun 9, 2005) proposed to diversify its sources of crude supplies by using an Israeli pipeline to access crude oil from the Central Asia and Caspian Sea region to feed its fuel needs.
IOC bids for acquiring Turkey's TUPRAS refinery National oil company, Indian Oil Corporation (IOC) has bid to acquire Turkey's giant petroleum refinery TUPRAS, which has a combined processing capacity of 27.6 million tonnes per annum.
India, Pak create history with the pipeline project Overcoming mutual suspicion made possible by the current thaw in relations, India and Pakistan created history this week with their agreement to build a common pipeline for sourcing oil from Iran to bridge their huge energy deficits.
