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Recruitment spree in IT firms
BANGALORE, JUNE 19.Indian and foreign IT firms hiring in thousands are using campus recruitments, lateral placements, and — even in the reputed firms such as Infosys — a small number of contract jobs. "In the volume space, we easily ...

Vedanta draws up $2.1 b investment plans
CHENNAI, JUNE 19.The $2 billion Vedanta group, engaged in non-ferrous metal business, has chalked out a strategy to drive its sales volume to $5-6 billion within the next three years. Anil Agarwal, Chief Executive Officer of the ...

Packaging farm credit
MUMBAI, JUNE 19. While the Union Government's announcement of a major "debt relief" package to the farm sector is a major boost to the agricultural sector, the distribution of credit or re-structuring of credit alone is unlikely to help farmers. ...

Tea units want additional excise duty dropped
GUWAHATI, JUNE 19. The Indian Tea Association (ITA) has urged the Centre to immediately withdraw the additional excise duty (AED) imposed on tea for the remaining period of 2004-05 and not to re-impose any excise duty on tea to help the industry ...

Forex reserves dip further
MUMBAI, JUNE 19. India's foreign exchange reserves declined for the second week in a row by $333 million for the week ended June 11. Forex reserves fell during the period under review from $119.67 billion to $119.34 billion. Last week, these ...



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