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Home -> Finance -> News

NATIONAL
HP occupies No. 1 position in UNIX server market
Leading technology solutions provider Hewlett-Packard today (Dec 06, 2005) said it has occupied the No. 1 position in the UNIX server market in India.

'BB+' long-term rating for India with stable outlook
Praising India for sustaining high economic growth, global rating agency Standard & Poor's today (Dec 06, 2005) retained 'BB+' long-term rating for the country with 'stable' outlook but expressed concern over the high fiscal deficit situation and pressing development needs.

WTO deal displacing farmers not acceptable: India
India today (Dec 06, 2005) categorically said it will not agree to any deal which displaced its farmers in any way at the Hong Kong WTO Ministerial next week.

Air Deccan launches Delhi-Srinagar direct flights
With the inauguration of a direct flight from Delhi to Srinagar, Deccan Aviation, which operates Air Deccan, today (Dec 06, 2005) announced that the low-cost airline would concentrate on increasing the connectivity within Jammu and Kashmir.

Sensex falls down flat after roller-coaster ride
The sensex today (Dec 6, 2005) ended flat after a roller-coaster ride on alternate bouts of buying and sellings during the day even as the Bombay High Court reserved its order till December nine on RIL's petition seeking approval to its demerger scheme.

Quantum Corp unveils layered data security network
Quantum Corp, a global leader in storage, today (Dec 06, 2005) unveiled a 'comprehensive', multi-layered data security framework focused specifically on backup, recovery and archive processes.

National Honour Bill gets Lok Sabha nod: Manikrao
A bill to enable people to use the National Flag on their costumes, uniform or as an accessory in a respectable manner was passed by the Lok Sabha today (December 6, 2005).

EPF board meets on Dec 7 to decide, interest for FY06
The EPF Board will meet tomorrow (December 6, 2005) to take a firm view on the interest rate for its four crore subscribers during 2005-06, even as trade unions are demanding Prime Minister's intervention to retain 9.5 per cent.

Taxation & Finance Law Bill introduced in Lok Sabha
Government today (December 6, 2005) introduced in Lok Sabha a bill to replace an ordinance amending the Income Tax Act and the Finance Act providing relief's in income and banking cash transaction taxes including exempting political parties from payment of fringe benefit tax.

NASSCOM nudging Govt to give loans to software firms
National Association of Software and Service Companies (NASSCOM) is nudging the Government to give loans to software product start-ups to cover high cost of patenting, and fiscal incentives for angel investors to push this space to the next level.

BSE: Sensex up by 11 points during morning trade
The Bombay Stock Exchange Benchmark 30-share Index continued to move erratically even as it was quoted modestly up over last close during morning trade on fresh buying alternated by profit booking by investors.

INTERNATIONAL
Chinese firms feel the heat as Infosys, TCS expand
With top Indian software giants like TCS, Infosys and Wipro setting up and expanding operations in China, the domestic players have started feeling the heat.