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Friday, July 02, 2004
Microsoft wins case
WASHINGTON, JULY 1. A U.S. appeals court on Wednesday approved the landmark antitrust settlement Microsoft Corp. negotiated with the Justice Department, setting aside objections by Massachusetts that sanctions in the agreement were inadequate ...
GE, Bechtel serve notice on MSEB
MUMBAI, JULY 1. GE and Bechtel, promoters of Dabhol Power Company, have issued a Rs. 26,000 crore arbitration notice on the Maharashtra State Electricity Board for recovery of investments and lost profits in the troubled venture. "We have ...
Maruti 800 sales continue to slide
NEW DELHI, JULY 1.Second month in a row, Maruti's base model, Maruti 800, witnessed a decline in sales even as the company booked a 10 per cent rise in sales at 39,574 units in June. After a sharp drop of 40.7 per cent last month, Maruti 800 ...
Federal Reserve raises key interest rate
WASHINGTON, JULY 1.With an aim to keep the U.S. economy and the inflation on an even keel, the Federal Reserve System has raised a key interest rate for the first time in four years, marking the end of an era of the lowest borrowing costs in more ...
Sensex gains 79 points on institutional buying
MUMBAI, JULY 1. After a brief overnight pause, stocks rallied smartly lifting the Sensex by 79 points at close in brisk activity on the Bombay Stock Exchange today on heavy buying support from institutional investors. The BSE benchmark 30-share ...
Pre-paid Internet calling card from World Phone
NEW DELHI, JULY 1. World Phone Internet Services Pvt Ltd, a leading ISP, today launched international pre-paid Internet calling card through which a user can call the U.S. at Rs. 1.60 per minute. This could be the lowest rate to the U.S. in the ...
Tisco to expand capacity
JAMSHEDPUR, JULY 1.Tata Iron and Steel Company Ltd. today said it would increase its installed capacity to 7.4 million tonnes by 2008-09 with an additional investment of Rs. 7,800 crores. The Deputy Managing Director, T. Mukherjee, said a ...
Rupee gains 14 paise
MUMBAI, JULY 1. Enthused by favourable sentiment following the overnight quarter percentage point hike in U.S. interest rates, the rupee today spurted against the American currency on hectic exporter dollar sales even as sporadic dollar demand ...
Time Warner bids for MGM
LOS ANGELES, JULY 1. A bidding war has broken out for Metro-Goldwyn-Mayer, with Time Warner Inc. making a nearly $5 billion offer for the venerable Hollywood studio, according to newspaper reports Thursday. The New York Times and The ...
Staff buy out stake escorts arm
NEW DELHI, JULY 1. The employees have bought Escorts Auto Component Ltd. (EACL) and taken over the operations of the company exuding confidence that they would turn around the company. The present CEO of EACL, Bharat Caprihan, along with a few ...
Anchor joins British firm
BANGALORE, JULY 1. Electrical accessories major Anchor has forged a joint venture with the U.K.'s British General targeting the high-end segment in an attempt to boost exports and garner 25 per cent of its turnover from international sales in ...
Infosys executive joins iGate
NEW DELHI, JULY 1. The Head of Infosys Technologies' Europe operations, Srinjay Sengupta, today joined Phaneesh Murthy-run iGate Global Solutions as Chief Sales Officer. Mr. Sengupta, who is the fourth senior Infosys executive to join iGate, will ...
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