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INTERNATIONAL
'India may bank on IT acumen to leapfrog growth'
New York: India is likely to employ a strategy for leapfrogging past technologies through its information technology (IT) acumen to accelerate its rate of economic growth, says the International Finance Corporation (IFC).
India invokes anti-dumping Law against Brazil
Brussels: India has taken the first steps towards asking for a dispute settlement panel against the decision of the Brazilian government to introduce anti-dumping duties on jute bags and bags made of jute yarn imported from India.
French firm to invest $ 20 million in Petronet
Paris: French gas major Gaz de France (GDF) has decided to invest nearly $ 20 million to pick up a 10 per cent equity in Petronet LNG Ltd, a consortium of India's leading public sector undertakings for developing LNG (liquefied natural gas) import and storage terminals in the country.
Indo, Pak businessmen to explore joint ventures
New Delhi: Indian and Pakistani industrialists have decided to jointly explore
business opportunities in their own as well as third countries by forging strategic alliances and joint ventures.
NATIONAL
Century scam accused remanded for 10 days
Lucknow: A special judicial magistrate's court at Lucknow on Friday remanded two prime accused in the Century Consultants stock scam case to the custody of the Central Bureau of Investigation (CBI) for 10 days.
SEBI debars First Global from stock trading
Mumbai: Securities and Exchange Board of India (SEBI) has debarred First Global Group from undertaking any fresh business as Stock Broker, Merchant Banker or Portfolio Manager for allegedly violating provisions of the SEBI Act, Rules and Regulations.
Sensex dips, closes 0.64 per cent lower
Mumbai: The benchmark index closed in the negative zone on the Bombay Stock Exchange (BSE) on Friday, snapping a three-day bull run, as operators rushed to book profit in old economy shares ahead of the market closure for the weekend.
Hewlett-Packard launches MSO in India
New Delhi: Hewlett-Packard India on Friday announced it's Microsoft Services Technology Operations (MSO) in India. HP is a gold certified partner of Microsoft and this status enables it to offer support and services to customers using Microsoft technology.
Wipro to supply consultancy services for Ericsson
Bangalore: Wipro Technologies has been appointed as a preferred supplier for consultancy services within the field of R&D consulting by the global Telecom giant Ericsson.
Trade union stir in July over free-market reforms
New Delhi: India's leading trade unions have given the final go-ahead for a nationwide strike in all ordnance factories after New Delhi said it would open up defence production to foreign companies.
AI MD suspension hampers privatisation plans
New Delhi: The suspension of Air India Managing Director Michael Mascarenhas is the latest of roadblocks to hit the government's plans to partly privatise the airline as well as Indian Airlines, officials said on Friday.
Court issues summons to Kerala bank in scam
Kozhikode: A local court on Friday issued summons to the Nedungadi Bank and non-bailable arrest warrant to its former chief A R Moorthy on a complaint by the Reserve Bank of India in connection with a major share scam.
Vanaspati units hit by Palmolein oil imports
New Delhi: The competitive edge in favour of imported RBD Palmolein threatens large-scale closure of domestic vanaspati manufacturing units due to higher prices of imported crude edible oils.
CM, industrialists’ meet sparks row in Bengal
Kolkata: West Bengal's industry is divided over a row kicked off by a meeting
between a business delegation and Chief Minister Buddhadeb
Bhattacharya at the headquarters of his Communist Party of India-Marxist
(CPM).
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