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INTERNATIONAL
Beleaguered Ericsson to cut 10,000 more staff
Stockholm: Swedish mobile telecom giant Ericsson announced on Friday it was slashing 10,000 more staff jobs around the world in the face of slackening profits and tough markets.
NATIONAL
SA case opens vast market for Indian drug cos
New Delhi: Indian pharmaceutical companies making cheap, generic anti-AIDS drugs are viewing a landmark case in South Africa as a lucrative opening for their products in the developing world.
Wipro nets profit growth of 168 per cent
Bangalore: Indian software giant Wipro reported net profit growth of 168 per cent to Rs 6.7 billion ($ 145 million) for the year ending March on 31. Total revenue for the year was put at Rs 30.9 billion, an increase of 35 per cent from 1999-2000.
Sinha pacifies panicky investors
New Delhi: Indian Finance Minister Yashwant Sinha on Friday urged nervous small investors not to offload their stockmarket shares, despite the buffeting they have taken from the fallout of a market scam.
FIPB allows NRIs to reinvest profits in airport
Thiruvananthapuram: India's foreign investment watchdog, Foreign Investment
Promotion Board, has given the green signal for repatriation of shares in the Cochin International Airport Limited (CIAL), which would enable its non-resident Indian (NRIs) shareholders to reinvest profits abroad.
First Global chief threatens IT official, held
Chief of Global Finance group Shankar Sharma was taken into police custody
late on Thursday. According to police officials, Sharma had allegedly threatened an official of the Income Tax department.
Suresh Rajpal to quit as Trigyn CEO
Bangalore: Suresh Rajpal, President and Chief Execute Officer (CEO) of Trigyn
Technologies has submitted his resignation to the Board of Directors of the company, due to personal reasons. The Board of Trigyn Technologies has accepted the resignation, which will be effective one month from April 20, according to an official press release.
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