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August 06
BUSINESS
US relaxes export curbs on computers
It now allows the sale of much faster computers to 50 countries, including India and Pakistan
BUSINESS
Indian team strikes deals at call center meet
At least three American firms have entered into strategic deals with Indian firms.
COMMUNITY
Chaitime launches new campaign
'It's all about you' proposes to give south Asians an outlet to express their views.
NEWS
Royalty-free licences for 'golden rice': PTI
Monsanto says it will provide royalty-free licences for all its genome technologies that could help further development of the vitamin-rich 'golden rice'.
August 05
NEWS
'Friendship' series under review
Minister for Sports Sukhdev Singh Dhindsa said that he would keep the sentiments of the people in mind while deciding on the matter.
OPINION
Different views to a massacre
The New York Times has not published one report favorable to the BJP-led government since it assumed power and it hasn't this time either, says Ramesh N Rao.
OPINION
Eagles in the troop
Sriharsha Mandava, Vinay Shah and Aditya Rajpal earn the highest accolade in the Boy Scouts.
BUSINESS
Can the PM woo back the US investor?
US investments in India have been dwindling and the Prime Minister's forthcoming visit to the US is being seen as an opportunity to win back US funds.
BUSINESS
Re closes at record low of 45.43/$: PTI
Heavy corporate dollar-buying is seen as one of the reasons for its slide, dealers said.
BUSINESS
Rate hike won't hurt economy: Jalan -- Reuters
The RBI governor said he expected the interest rate rise and liquidity squeeze measures announced on July 21 to work over time.
BUSINESS
Cisco ties up with tech schools: Reuters
The agreements with IIT, Delhi and the BITS, Pilani, will include advanced networking labs, scholarships and research.
BUSINESS
Infosys, Evolving Systems in tie-up: Reuters
The software firm said that it will assist US-based Evolving Systems in developing telecommunications software.
BUSINESS
India to double IT aces: AFP
India is looking to double enrolment of students in engineering colleges both overseas and at home, a government official said.
August 04
NEWS
US condemns terrorist attacks
A spokesperson said it welcomed Vajpayee's assertion that India would continue to pursue the path of peace.
THE ARTS
A music feast for Toronto
The biggest names of the Indian music industry participate in the three-day 'South Asian Music Festival - Toronto 2000'.
THE ARTS
A year of melody
More students flock to Pandit Jasraj's School of Music in Florida
COLUMN
Born in the USA -- not!
As far as numbers go, Indians have indeed arrived in NYC. But where do we really want to go, asks Chithra Karunakaran
BUSINESS
Re closes slightly weak at 45.39/$: Reuters
The Indian rupee was steady towards the close of trade on Thursday, but the market was edgy expecting some announcement from the central bank, dealers said.
BUSINESS
ADR issue depends on mkt: Pentamedia -- Reuters
'We don't want to do it now,' V Chandrasekaran, Pentamedia chairman, said. 'We'd like to do it this year or maybe in early 2001 if the price is right.'
BUSINESS
RBI breaks silence on rupee fall: Reuters
The Reserve Bank of India's released a statement on the rupee and the recent developments in the foreign exchange markets on Thursday.
BUSINESS
Aptech launches Net access service: Reuters
The Indian computer education and software firm said on Thursday that it had launched the service through a wholly-owned subsidiary.
BUSINESS
Indian ICE sector attractive: SSB -- Reuters
'The focus will continue to be on the very high growth ICE sectors,' said Brown, managing director of Salomon Smith Barney India Pvt Ltd.
BUSINESS
India has 1.4 million netizens -- PTI
As per the statistics presented in the Rajya Sabha, the total number of subscribers, as on June 30, stood at 1,407,736.
BUSINESS
ICICI Bank first to up rates: Reuters
India's private sector ICICI Bank Limited said that it had decided to raise it prime lending rate (PLR) by 50 basis points to 14 per cent.
August 03
NEWS
US calls for end to J&K violence: PTI
'We have always called for a stand against violence and a reduction of tension by rejecting violence,' the state department spokesperson said.
NEWS
Panun Kashmir calls for I-Day boycott: PTI
It has asked Kashmiri Hindus and Sikhs and Ladakhi Buddhists not to participate in official functions to protest India's policies towards Kashmiri minorities.
BUSINESS
Pointera plans a Web 30 times larger
The company's software hopes to access hard drives while still avoiding the problem of piracy.
INFOTECH
India adopted right policies on IT: US -- PTI
Government consultant Derek Leebaert can become extremely competitive with world leaders in communications technology.
BUSINESS
Rupee sinks to new low of 45.35/$: Reuters
The Indian rupee slid to a new low on Wednesday as the market, emboldened by the RBI's refusal to offer support, made more heavy dollar purchases.
BUSINESS
Rupee on threshold of a disastrous fall?
The indifference of the central bank to the current decline of the rupee will ensure the market that it is comfortable with the rupee's current level, says a forex analyst.
BUSINESS
Weak rupee puts pressure on monetary policy: Reuters
Interest rates are going to rise from current levels, bank credit is up , inflation may rise further if administered prices are revised upwards, said an analyst.
BUSINESS
Jalan not worried by rupee fall: Reuters
The RBI governor said the central bank was not planning any immediate policy measures to defend the currency.
BUSINESS
Pressure to remain on Re, says
J P Morgan: Reuters
The Indian rupee will continue to remain under pressure from higher imports and likely rises in US interest rates, says Dominic Price, head of J P Morgan India.
BUSINESS
Banks may hike lending rates: Reuters
The possible rate hikes are based on the view that the RBI's plan on defending the rupee will not be reversed immediately, said an SBI official.
SPORTS
NRI boost for Kerala women's football
A US-based Keralite lady launches a women's football club in Trivandrum
BUSINESS
BSE eyes pacts with NYSE, NASDAQ
The exchanges are holding talks on having talks on having terminals in each others' bourses, said BSE president Anand Rathi.
BUSINESS
India Net-user growth fastest in Asia-Pacific: Reuters
The Indian unit of the global technology consulting company Gartner Group Inc says India has recorded the highest Internet-user growth in the Asia-Pacific region this year.
August 02
NEWS
'Hindu' shoes withdrawn after protests
Fortune Dynamic Inc quickly took the offending sandals off the shelves saying it hadn't intended to be disparaging of the religion.
NEWS
US deletes 2 entities from sanctions list: PTI
The Clinton administration has removed the Nuclear Science Centre and the Uranium Recovery Plant from the list.
NEWS
'Religious freedom in danger in India': PTI
The US Commission on International Religious Freedom has recommended that India and Pakistan be monitored for 'denial of religious freedom'.
NEWS
Re sinks to all-time low of 45.16/$: Reuters
The Reserve Bank of India launched a defence of the currency on July 21, but the stabilising effects have worn off and the rupee closed at an all-time low of 45.16 per dollar, even as India's Q1 trade deficit rose to 26 per cent.
BUSINESS
It's not all about paradise
The Indian American dream may be a bit of a myth. And it's time to come to terms with the fact, say experts.
BUSINESS
US-based Ariba enters India: AFP
'Ariba's operations in India will focus on the creation of open B2B marketplaces and providing seamless access to value-added services,' Ariba President Larry Mueller said.
BUSINESS
Fedex sees boom in Indian Net biz: AFP
Federal Express, the global air express giant, said that it was eyeing the huge jump in business from Indian Internet portals for delivery of products sold on the Web.
August 01
NEWS
Chaudhary makes a bid for Senate
If he makes it, the Indian-American will become the youngest senator in Minnesota history.
BUSINESS
InfoZen to build firstgov.gov web site
President Raghu Rao describes the site, intended to offer federal information free, as 'Yahoo for the government'.
BUSINESS
'US pursues double standards on labour'
Most economists feel that for labour-related affairs the appropriate forum is the International Labour Organisation, not the WTO, says economist Arvind Panagaria.
BUSINESS
'US has hinted at lifting of sanctions'
The US has indicated that sanctions against India will be lifted before Vajpayee's visit in September, says Adish C Aggarwala, convener of Indian American Friendship Council.
BUSINESS
Nicholas Piramal defers ADR: Reuters
Indian pharmaceuticals firm Nicholas Piramal Limited has deferred its proposed $100 m issue because the US market is volatile now.
BUSINESS
RIL one of fastest-growing chemical firms
Reliance is among the top five fastest-growing chemical companies in the world, according to an American Chemical Society survey.
BUSINESS
Rupee slips to 45.03 per dollar
It breached the 45 per dollar level again on Monday, a little over a week after the RBI rescued it from its first dip past the mark.
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