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INTERNATIONAL
MicroStrategy scales down plans to sell stocks
Washington: Reacting to concerns raised by employees, the Indian American co-founder of Virginia-based MicroStrategy Inc has decided to scale down plans to sell millions of dollars worth of his company's stock.
NATIONAL
Tenth Plan paper out, scales down growth rate
New Delhi: Scaling down the economic growth rate target to eight per cent, from nine per cent as suggested by the Prime Minister, the approach paper to the Tenth Five-Year Plan (2002-07), has suggested ''a radical break from past practices and even institutional arrangements'' involving ''controversial policy decisions.''
Sensex improves, better prospects for tech stocks
Mumbai: Share prices on the Bombay Stock Exchange (BSE) closed 1.0 higher on Tuesday on expectations of improved valuations globally for information technology companies, dealers said.
VSNL in pact with Teleglobe to share global traffic
New Delhi: VSNL has entered into an agreement with Teleglobe, a subsidiary of Canadian Telecom major BCE, for assured revenues in a bid to corner some of the global traffic.
WB okays $ 450 mn loan for Indian power grid corp
New Delhi: The World Bank has approved a $ 450 million loan to the state-owned power utility, Power Grid Corporation of India Limited (PGCIL), which had been held up due of economic sanctions imposed on India following the 1998 nuclear tests.
MTNL plans stir against disinvestment
New Delhi: Irked over the proposed disinvestment of Mahanagar Telephone Nigam Limited (MTNL) a section of its employees on Tuesday said they would go an indefinite strike from Thursday.
Hill-friendly industrial policy for Uttaranchal
Dehra Dun: A comprehensive industrial policy keeping in view the hill areas of Uttaranchal will soon be finalised by the state government, said Industry Minister Kedar Singh Fonia on Tuesday.
AI plans additional flights to Gulf, Far East
New Delhi: Air India, India's national carrier, plans to offer an additional 5,000 seats every week to destinations in the Gulf region and the Far East from the third week of May, news reports said.
Fialcowitz joins Ampersand as VP (marketing)
Bangalore: Gregg Fialcowitz has joined Bangalore-based Internet solutions company Ampersand Software as vice-president (marketing) to spearhead the introduction of new product ZeroCode™, an Internet development framework designed to automate the creation of Web applications, according to an official press release.
Forum launched to promote Indo-Austrian trade
New Delhi: Better late than never. So goes the well-known adage. Even while several industrialised countries repositioned themselves to partake of a greater share in India's growing trade and investment in view of its liberalisation and globalisation, it is only now that Indo-Austrian Business Forum has been launched to promote trade, joint ventures and travel and tourism between the two countries.
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