News HeadLines Wednesday, September 02, 2009
Top news
A disruption to Google's Gmail service frustrated users throughout the world Tuesday and flummoxed engineers at the giant internet company.
Indian firms TCS, Infosys and Wipro are exploring IT offshoring and back-office projects in Belgium worth $6.5-billion from firms like AXA, Dexia Bank, Belgacom, UCB (drug maker) and car insurer Allianz, reports the Economic Times.
Technology
Defying the global meltdown, Karnataka earned $17 billion (Rs.74,929 crore) from software exports last fiscal (2008-09) as against Rs.60,800 crore the previous year, registering a 23 percent growth in rupee terms and 21.5 percent in dollar terms.
Indian national Rajeev Suri is to be new Chief Executive of Nokia Siemens Networks, the 50-50 joint venture launched in 2007 between Finland's Nokia and Germany's Siemens, the group said Tuesday.
Tata Indicom unveils Pay Per Call for its CDMA offering - Deal of the Decade
Business
Britain understands the need for economic growth in India and would not pressurise New Delhi to reduce emissions, British Minister for Energy and Climate Change Ed Miliband said here Tuesday.
The government proposes to award Maha Ratna status to state-owned companies for greater functional autonomy to make higher investments, form joint ventures and expand capacity.
Finance
All profitable public sector enterprises (PSEs) should be listed on the stock exchanges to realise their true worth and raise funds for the social sector and infrastructure projects.
Market regulator, Securities and Exchange Board of India (Sebi), is considering the issue of setting up an exchange for small and medium enterprises (SMEs).
