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Indonesian police detain Polaris CEO
CHENNAI, DEC. 16. In a development that is bound to trigger a major convulsion in the Indian software industry, the Indonesian police have detained the Chairman and Managing Director of Polaris Software, Arun Jain, who was on a business visit to ...
Nasscom panel considers telecom bottlenecks
NEW DELHI, DEC. 16. Keeping in view the fact that telecom is a key input for the software industry, National Association of Software and Service Companies (Nasscom) has formed a telecom working group to address common issues facing the IT and ...
Telco to launch Indigo
PUNE, DEC. 16.Tata Engineering and Locomotive Company Ltd. (Tata Engineering) will launch its premium sedan, Indigo, on December 18. Developed on its successful car platform, the Indigo will be launched in three models of petrol and two models of ...
Indian teraflop supercomputer ready
BANGALORE, DEC. 16. India's most powerful computing platform, the Param Padma — capable of a peak 1 teraflop that is 1,000 billion floating point operations per second — is ready and working. The Union Secretary for Information ...
Late profit taking pares early gains
MUMBAI, DEC. 16. Late profit taking by operators and domestic financial institutions pared early gains and majority of blue chip stocks even ended with substantial losses pushing the Sensex to the negative territory on the Bombay Stock Exchange ...
Rupee scales new peak
MUMBAI, DEC. 16. The rupee ended at yet another record peak against the U.S. currency for the current calendar year today on the back of unabated robust flow of dollars from exporters and inward remittances even as a lingering weak dollar against ...
Other Stories

  • NTPC to commission third 500 MW unit
  • Bridgestone among 23 FDI approvals
  • Stollberg to make India production hub
  • Indirect tax: Advance Rulings for wholly owned foreign firms mooted
  • NEG Micon commissions 9 MW wind farm
  • Tiruchi consortium to retrieve lost IT ground
  • `WTO regime serving developed nations'


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  • Ranbaxy to receive royalty from Bayer
  • Crisil upgrades Brakes India NCD rating
  • India Intl. Products Expo 2002

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