NATIONAL India not to accept any WTO outcome without services In a clear message to the US and other developed countries, India today (Aug 25, 2005) categorically said it would not accept any outcome without movement on services at the WTO trade negotiations.
SC admits Rel Infocomm's appeal, notice to Govt The Supreme Court today (Aug 25, 2005) admitted a petition filed by Reliance Infocomm challenging the telecom tribunal Telecom Dispute Settlement and Appellate Tribunal (TDSAT's) order upholding the Rs 150 crore penalty imposed on it for allegedly resorting to call re-routing and issued notice to the Centre.
'Sale of NTC land will give employment to people' Defending the sale of land of the sick National Textile Corporation (NTC), Government today (Aug 25, 2005) said several thousands of people will get assured employment after modernisation of potentially viable mills out of the sale proceeds.
I drafted will of Priyamwada Birla: Gaurishankar Dr V Gaurishankar, a senior advocate practising at the Supreme Court, today (Aug 25, 2005) claimed that he was the scribe of the 'will' and codicil of Priyamvada Birla vide which she purportedly gave away the Rs 5000 crore assets of the M P Birla group to Rajendra S Lodha.
Market snaps five-day losing string up by 48 pts The market snapped a five-session losing string and the benchmark 30-share index recovered by 48 points in choppy trade on short covering by operators on the
last of August contract amid a slowdown in Foreign Institutional Investors (FII) activity.
Global Giant Motorola to set up a plant in India Global mobile equipment maker Motorola today (Aug 25, 2005) said that it will consider manufacturing in India to comply with the eligibility criteria of deals with state-run carriers like Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd. (MTNL) but remained non-committal on any immediate plan in this regard.
"We are not closed to it.. we will consider manufacturing here. We will do everything to comply with the tender conditions of the Public Sector Units (PSU) telecom carriers ... but that will be when and in what shape, size and form, I can't say at this point of time. Our focus is to gain siginficant market share here and attain a critical mass", said Edward Zander, chairman and chief executive officer of Motorola.
Infrastructure problems in B'lore affect industries Information Technology (IT) firms who have announced a boycott of the annual IT exposition in the city blaming inaction by State Government to solve infrastructure problems, received a boost today (Aug 25, 2005) with NASSCOM(National Association of Software and Service Companies), the country's apex body, contending that they are rightfully concerned.
NASSCOM ties-up with NSDL on registry of employees The National Association of Software and Services Companies (NASSCOM) has signed up with National Securities Depository Limited (NSDL) on preparing a national skills registry of IT employees, and it would be rolled out on a pilot basis in 2-3 months, NASSCOM President Kiran Karnik said today(Aug 25, 2005).
Microsoft, NASSCOM launch quality cert. programme Microsoft Corporation India Pvt. Ltd, along with the National Association of Software and Services Companies (NASSCOM), today (Aug 25, 2005) announced the launch of a certification to assess the quality of the software development process undertaken by Independent Software Vendors (ISVs) in India.
Inflation doesn't rise much if fuel prices are hiked Inflation will not rise much from the present level of 3.35 per cent even if the domestic fuel prices are hiked in due course of time, the Finance Ministry said yesterday (Aug 24, 2005).
Tata Motors plans to assemble Indigo in Russia Tata Motors is planning to introduce its Indigo car in Russia and hopes to complete negotiations within six to eight months for assembly of 30,000 automobiles.
Chidambaram presents Outcome budget for first time Finance Minister P Chidambaram today (Aug 25, 2005) presented in Parliament the first ever Outcome Budget, which seeks to measure the physical targets achieved on the financial outlays of various Ministries.
Market remains volatile during early trading today The BSE Benchmark 30-share Index (sensex) today (August 25, 2005) opened strong and later fluctuated erratically in volatile trade during morning trading on the Bombay Stock Exchange (BSE) as operators continued to square up their holdings on the last day of August contract in derivatives.
