NATIONAL US accuses Tata's VSNL of impeding competition US has accused Tata group company VSNL (Videsh Sanchar Nigam Ltd) of impeding competition for American companies in the bandwidth market by resorting to unacceptable pricing mechanism.
K'taka to exempt agricultural implements from VAT Karnataka Government was in the process of exempting all agricultural implements from VAT, Deputy Chief Minister and Finance Minister Siddaramaiah announced in the State assembly today (July 14, 2005).
Help-a click away: 'InstaAssist' service launched Stuck while filling a form on the computer or clicking at various places on the website-- InstaAssist, a web-based support service, could now help a user to complete all the formalities through an interactive guided online assistance.
India must focus on IT products, not BPO: Bhatia Indian software entrepreneurs would need to focus more on innovation of new IT products rather than on services or outsourcing if India had to be in the forefront of the IT revolution and transform itself into software powerhouse, according to Sabeer Bhatia, the pioneer of the Hotmail revolution.
Free Trade Agreements may create more trade: FICCI Federation of Indian Chambers of Commerce and Industry (FICCI) today (July 14, 2005) said Indian business could expect greater market access through Free Trade Agreements (FTA)s but it must be ensured that the "rules of origin" and value addition norms are strictly adhered to.
BSE: Sensex down by 60 pts on sustained sell-off The Sensex today (July 14, 2005) suffered another sharp setback after a promising start and ended 60 points down, dragged by fresh selling pressure from Indian Financial Institutions as well as operators amid sustained purchases by Foreign Institutional Investors (FIIs).
Global uncertainities higher than estimates: RBI In the wake of rising global oil prices, the Reserve Bank of India Governor Y V Reddy today (July 14, 2005) said the global economic uncertainities have increased than what it had estimated, but the Central Bank would stick to the "basic projections" till the review of the monetary policy.
Aiyar hints at more intl pipelines for development Union Petroleum Minister Mani Shankar Iyer yesterday (July 13, 2005) hinted at more international pipeline projects being planned and implemented to achieve rapid economic development.
IGate Global Solutions posts Rs 1.42 cr net profit Integrated technology and operations firm iGATE Global Solutions has posted a net profit of Rs 1.42 crore for the quarter ended June 30, 2005, as compared to Rs 0.11 crore for the same period in the previous fiscal.
Sensex up in volatile trade during morning trade The Sensex today (July 14, 2005) opened on a promising note and later moved erratically in volatile trade on the Bombay Stock Exchange (BSE) on fresh buying support alternated by profit booking by domestic funds.
Bank of Baroda plans to set up unit in Malaysia Bank of Baroda (BoB) plans to set up a joint venture in Malaysia with two other Indian banks; Bank of Maharashtra and The Oriental Bank of Commerce.
