Gates rallies against justice, senate panel
Microsoft Corp chairman Bill Gates had harsh words for the justice department and the Senate committee investigating his company's business practices in an interview in Tuesday's Washington Post.
Intel unveils multimedia faclity at IIS in Bangalore
Intel has set up a multimedia facility at the Indian Institute of Science in Bangalore. The facility will focus on multimedia research related activities to develop software and multimedia computer aided instruction material. The purpose of this facility is to make the latest technology available to the academic community and Intel in turn will benefit from some of the research conducted in the laboratory.
Ford new Focus model makes world debut
Ford Motor Co has unveiled its new Focus mid-sized car at the Geneva International Motor Show, describing it as a turning point for the US manufacturer. The Focus is the follow-up vehicle to Ford's most successful car, the Escort, which has sold around 20 million cars worldwide.
The meaning of Verdict 1998
For the last decade-and-a-half, political commentators have been learning a new vocabulary on electoral verdicts. The results of general elections are no longer just results; they are labelled as fractured mandates or anti-incumbency votes that lead to hung Parliaments. Not since 1984 has the electorate given any single party a clear majority in Parliament, and this has been interpreted by political analysts to mean that voters are sending confused messages on who they want as their rulers.
Rupee stronger; closes at 39.44
The rupee strengthened yesterday after the political scenario became clearer with the Bharatiya Janata Party and its allies set to stake their claim to form a government at the centre. The rupee gained to close at 39.44/48, up 3/7 paise over its previous close of 39.51/53, but not before touching a low of 39.60 on SBI buying. Meanwhile, the forward rupee gained yesterday in line with the gain posted by the spot rupee vis-a-vis the dollar.
Bombay Dyeing: A rally sans fundamentals
The Bombay Dyeing scrip, which was almost written off by the market, has been in the limelight lately. In fact, gains reported by the stock have been much higher than the gains made by the market. As against an 11% jump recorded by the Sensex, the shares of Bombay Dyeing have leaped by 23% in the last six trading sessions, with the scrip jumping from Rs 75 to the current level of Rs 93.
