NASSCOM responds to Senators on H1B issue/Rs.250 bn package for agriculture revamp/India spurs record $40 bn capital flows to South Asia

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May 30 2007

>> TOP NEWS

NASSCOM responds to Senators on H1B issue

NASSCOM, sent a letter on behalf of the nine Indian companies to Senators Durbin and Grassley, addressing the issues raised by them in their letter of about reported fraud and abuse of the H-1B visa program, and its impact on American workers.

Rs.250 bn package for agriculture revamp

Prime Minister Manmohan Singh Tuesday announced a Rs.250 billion package for agriculture that aims to boost the growth rate of the sector and put Indian economy on the path to a 10 percent growth

India spurs record $40 bn capital flows to South Asia

Net capital flows to South Asia reached a record $40.1 billion in 2006, up from $28.3 billion in the previous year, with most of the increase going to India, the World Bank says in its annual report

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>>
TECHNOLOGY

Tata Consultancy opens software centre in Mexico

Indian IT company Tata Consultancy Services (TCS) has opened a $10 million software centre in the city of Guadalajara to employ some 500 engineers over the next six months and 1,500 more by 2012

Bahwan CyberTek expands India operations

Bahwan CyberTek Pvt. Ltd (BCT), a $45 million global provider of hybrid technology solutions, has zeroed in on banking, finance, security and insurance (BFSI) sectors in order to increase its revenues from India

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>>
BUSINESS

EU reluctant to resolve free trade issue on 'any terms'

The European Union (EU) will not unconditionally accept terms to resolve the deadlock of the free-trade talks of the World Trade Organization (WTO), said EU Trade Commissioner Peter Mandelson

US to sell India six Hercules planes for $1 bn

US has offered India a $1,059 million deal to sell six C-130J Hercules aircraft with associated equipment and services to provide it special operations airlift capability and ensure interoperability with American forces in coalition operations

>> OTHER NEWS

'Zoellick to be new World Bank chief'

President George W. Bush has chosen former US trade negotiator and diplomat Robert Zoellick to replace Paul Wolfowitz as World Bank president

India, GCC nations hike corpus for mentoring firm

India and member countries of the Gulf Cooperation Council (GCC) have agreed to raise to $70 million the initial capital for a company that will extend help to small and medium enterprises of the two aides

DLF to foray into insurance business

Indian real estate major DLF Ltd is set to diversify and enter the insurance segment within a year as it has tied up with US-based Prudential Insurance

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>>
BLOGS

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