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Exports spurt 42 p.c. in March
NEW DELHI, APRIL 17. India's exports recorded a buoyant 17.26 per cent growth during 2003-04 despite continuing rupee appreciation during the year. Exports during March, the last month of the financial year, shot up by as much as 41.88 per cent ...

Benefits of global sourcing of IT services
CHENNAI, APRIL 17. Spending for global sourcing of computer software and services is expected to grow at a compounded annual rate of almost 26 per cent, increasing from $10 billion in 2003 to $31 billion in 2008. During the same period, total ...

RBI rationalises NRI deposit schemes
MUMBAI, APRIL 17. The Reserve Bank of India today decided that the interest rates on non-resident (external) rupee (NRE) deposits for one to three years should not exceed the LIBOR/ SWAP rates for U.S. dollar of corresponding maturity. This move ...

E&Y barred from taking new clients
WASHINGTON, APRIL 17.The U.S. Securities and Exchange Commission has barred accounting giant Ernst & Young LLP from accepting new public audit clients for six months because of the firm's "blatant'' disregard and "utter disdain'' for rules that ...

SBI's bus `Q' shelter ATM
PANAJI, APRIL 17. State Bank of India has opened bus `Q' shelter ATM, said to be the first of its kind, near Basilica of Bom Jesus, Old Goa, on Friday. The bank said the new type of ATM would cater to the tourist population, which hitherto was ...

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