Stock prices in India may remain subdued over the next 3-6 months considering that the domestic sources of the liquidity crunch appear unlikely to recede in the near term, according to Jardine Fleming. In its recent strategy update on India, the global securities firm says the tight liquidity conditions were bound to keep the market depressed.

TISCO to focus only on steel, related products

The Chairman of Tata Steel, Mr. Ratan Tata, has sought to reassure the shareholders that the company would concentrate solely on the business of making and marketing steel and steel-related products. There could be no question of Tata Steel indulging in the luxury of embarking in several directions and in the process, see its managerial attention diffused. Mr. Tata has observed: “The company took over various sick enterprises, some for questionable reasons, entered related businesses where its market presence was insignificant.... While these decisions may have had their validity at one point in time, the need in today’s highly competitive environment is to re-focus on the company’s main business....”

Phones to purr in all languages

You are a Tamilian living in Madras. Your telephone rings, you pick up the receiver and start speaking in Tamil. The call is from a business colleague in Hyderabad who, you know for a fact, does not speak Tamil. Yet, you are astonished to hear Tamil from the other side. How could that be possible? Well, technology is the answer. The day is not far off when the technology for automatic interpretation that has been developed by Japan and South Korea and will be in practical use between the two countries within the next few years can come to India.

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