BSNL SEEKS GLOBAL BIDS FOR MANUFACTURING EQUIPMENTS

Confronted with perennial shortage of modems and other broadband equipment, state-owned BSNL is exploring the possibility of setting up a joint venture for manufacturing these products. The PSU has invited tenders from all global equipment majors to enter into a JV for setting up manufacturing facilities in India.

The Economic Times

Sensex up 235 pts; global cues lift sentiment

The market opened with major gains on Thursday tracking a rally in stocks overseas after corporate earnings in the US beat expectations indicating the worst of the credit crisis may be over. Back home, technology shares led the advances as investors cheered fourth quarter results released over the past couple of days. At 10:05 am, the Bombay Stock Exchange’s Sensex was up 235 points or 1.44 per cent at 16,478.79.

The Economic Times
http://economictimes.indiatimes.com/
Sensex_up_235_pts_global_cues_lift_sentiment/
articleshow/2958503.cms

Sensex up on tech stocks rally

The markets pared early losses as technology stocks rallied smartly on the back of Infosys results. The BSE sensex dropped by almost 235 points early in the session, however the 30 share index gained strength after Infosys announced its earnings for the financial year and gave a guidance that enthused investors. The sensex closed 346 points higher at 16,154, its highest closing in two weeks. The gains were across the board with the BSEs Midcap Index and Smallcap Index rising by over 1% each.

The Times of India
http://timesofindia.indiatimes.com/Business/India_Business/
Sensex_up_on_tech_stocks_rally/articleshow/2954633.cms

India's computer market sees 20% year-on-year growth

The country's personal computer market saw nearly 6.5 million units sold in 2007, a 20 per cent year-on-year growth, spurred by automation drive of firms and increased consumer spending on notebooks.

The Economic Times
http://economictimes.indiatimes.com/News_by_Industry/
Indias_computer_market_sees_20_year-on-year_growth/
articleshow/2820511.cms