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Home -> Finance -> News

NATIONAL
Mobile satellite radio to India soon: Delphi Corp
Delphi Corporation, an automotive systems and components manufacturer, on Monday (Aug 1, 2005) announced an agreement with WorldSpace Inc, the global satellite radio broadcaster, to make mobile satellite radio available in India for the first time.

Tatas owned VSNL plans more acquisitions in India
Having made two major overseas acquisitions, Tatas owned Videsh Sanchar Nigam Ltd (VSNL) is looking for further acquisitions to add to its services and customers base.

Good News! HCL launches PC for Rs 9,990 only
HCL Infosystems Ltd, a leading IT company, on Monday (Aug 1, 2005) announced the launch of 'HCL PC for India' at a price of Rs 9,990.

Panel to hardsell VAT to non-implementing States
The issue of non-implementation of VAT by some States needed to be solved and the VAT panel would begin interacting with them after August 15 to persuade them to switch over to the new tax system.

Sensex up by another 34 pts; sets up new peak
The Sensex today (August 1, 2005) advanced further by 34 points to end at a new peak of 7669.45 in an otherwise lacklustre trade on the Bombay Stock Exchange (BSE) on fresh purchases by Foreign Institutional Investors (FIIs) amid thin attendance caused by intermittent rains in the city.

Infy to host analyst meet in Hyderabad on Aug 12
Infosys Technologies Limited today (Aug 1, 2005) announced it will host its Annual Analyst Meet on August 12, at its campus in Hyderabad, where it will discuss the State of the business.

Intel opens platform definition centre in Bangalore
Intel Corporation, the world's largest chipmaker, has opened four platform definition centres, including one in Bangalore, to define locally relevant computing solutions based on Intel technology.

Investor Protection Fund to remain with MCA: Govt
Contrary to the recommendation of the Joint Parliamentary Committee, which went into the stock market scam for transfer of Investor Education, and Protection Fund (IEPF) to Security and Exchange Board of India (SEBI) Government said the fund would remain with the Ministry of Company Affairs (MCA).

INTERNATIONAL
Wipro plans foray into Lanka, Bangladesh markets
Wipro is planning to expand into Sri Lanka and Bangladesh to tap the growing market there with significant potential, particularly in the telecom and banking space, by leveraging on its expertise and strengths in areas such as system integration and IT managed services.

L&T announces manufacturing venture abroad in China
Larsen & Toubro Ltd (L&T), the Indian engineering and technology conglomerate today (August 1, 2005) announced its first manufacturing facility abroad in China with an investment of $11 million high-end switchgear in the eastern city of Wuxi.