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Home -> Finance -> News

NATIONAL
Infy no 1 client satisfaction co: Research firms
Infosys Technologies Ltd has announced that in an independent survey report by technology and market research firm Forrester Research Inc, the company has been ranked the highest in client satisfaction in outsourcing services and was among the top three in consulting services among 11 major global IT service providers.

HC dismisses appeal of Birla Corp shareholders
In a boost for chartered accountant Rajendra S Lodha, the Calcutta High Court today (Aug 24, 2005) dismissed an appeal by a section of shareholders against a Company Law Board order, seeking an investigation on who was controlling the M P Birla group flagship company Birla Corporation Ltd.

POSCO to export iron ore only on replacement basis
The MOU signed between Orissa Government and South Korean steel major POSCO makes it clear that no iron ore export will be allowed from the captive mine unless it was replaced by equal quantity of high-grade ore, Government told the Lok Sabha today (August 24, 2005).

Market ends flat in line with squaring up activity
The market today (August 24, 2005) ended flat after a volatile trading session in line with squaring up business by operators and selective purchases from Indian Financial Institutions amid slowdown in FII activity.

PFMs may be barred from investing in foreign bonds
Pension funds may be barred from investing hard-earned money of Indians in foreign securities, PFRDA chairman D Swarup said today.

Economy shows resilience despite calamities: FM
The Government today (Aug 24, 2005) painted a rosy picture of the economy, which has shown resilience and performed 'satisfactorily' in the first quarter of 2005-06 despite spiralling global oil price and natural calamities.

Omnicell establishes research subsidiary in India
NASDAQ-listed Omnicell, Inc. has announced the opening of its wholly owned subsidiary in Bangalore that will operate as a research and development and quality assurance operation here.

NASSCOM launches quality forum to enhance ability
National Association of Software and Service Companies (NASSCOM) today (August 24, 2005) launched its Quality Forum aimed at promoting a culture of quality consciousness for the purpose of enhancing international competitiveness of the Indian IT industry.

Sensex down by 15 points during morning trade today
The BSE Benchmark 30-share Index (Sensex) continued its slide for the fifth consecutive day, showing a moderate fall of 15 points during morning trading on the Stock Exchange, Mumbai (BSE) here today(August 24, 2005) on fresh selling pressure from investors.