The Hindu Business Line : Sunday, August 14, 2005

US firm `floats' offshore project near coast — Indian programmers apply in large numbers
SWIMMING against the tide of IT contracts moving to low-cost destinations such as India, California corporation SeaCode claims it will bring a `sea change' in outsourcing. It plans to hire 600 techies from across the world to work on US projects ... More

To offset losses suffered by oil cos — Ministry wants part of cess amount released to oil board
WITH international oil prices continuing to soar and a majority of the domestic oil companies suffering cash losses, the Petroleum Ministry has again petitioned the Finance Ministry to release `at least' a part of the approximately Rs 60,000 ... More

IBA panel to discuss outsourcing norms next week
A COMMITTEE of Indian Banks' Association (IBA) will discuss next week the Reserve Bank of India's proposal to regulate outsourcing of banking activities. RBI, which is expected to issue prudential guidelines on outsourcing of financial services ... More

2006 H-1B visa cap reached; call for raising limit
THE US Citizenship and Immigration Service has said it has already received enough H1-B petitions to reach the Financial Year 2006 visa cap of 65,000. H-1B visas allow employers to have access to highly educated foreign professionals who have ... More

Hyderabad firm unveils fuel saver `Abis Tech'
THE Hyderabad-based Reliance Fire & Safety Ltd (RFSL) claims to have developed a catalyst that enhances mileage by fuel savings of up to 30 per cent. Two drops of the fuel saver `Abis Tech' per litre of petrol or diesel can help increase ... More