Emerging IT companies in the US could drive India's software services exports, with the second quarter of the next fiscal (2009-2010) proving to be the critical phase, a senior industry representative said here Tuesday.

The two day 'Ente Naadu', billed as a platform for the Kerala diaspora to invest in tourism projects in the state, has attracted a good response with more than 500 delegates from 42 countries attending the meet.

A senior member of the Prime Minister's Economic Advisory Council Tuesday said there was more room for rate cuts by the end of this financial year.

Keeping up its poll promises, Chhattisgarh's ruling Bharatiya Janata Party (BJP) announced Tuesday it would provide Rs.220 per 100 kg as a bonus amount to farmers during the ongoing government-sponsored paddy procurement drive.

India's defence behemoth Hindustan Aeronautics Ltd (HAL) plans to manufacture light utility and medium lift helicopters for the Indian Army, air force and navy, a top official said here Tuesday.

Entertainment firm Pyramid Saimira Theatre will lodge a criminal complaint with the police to investigate the origin of the letter purportedly sent by the market regulator asking the firm's promoter to make an open offer at Rs.250 per share, saying it was forged.

Job losses in India will continue into the next year due to the global slowdown, but it will be at 'minimum' levels, a top government economist said here Tuesday.

The Indian government Tuesday nudged the central bank to reduce key interest rates in a bid to offset the impact of global slowdown on the country's economy, while warning that growth could fall to seven percent this fiscal.

India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal.

The Delhi Metro Rail Corporation (DMRC) has started a 24-hour online customer care cell to cater to public queries and complaints.

Indian equities fell the second consecutive day Tuesday as a key index closed 2.43 percent amid continued selling by investors.

Indian equities markets were subdued Tuesday, with a key index losing 2.43 percent (provisionally) over Monday's close.

Indian pharma major Piramal Healthcare will acquire Minrad Inernational Inc of the US for approximately $40 million, a top company official said here Tuesday.

Around 99 percent of Kolkata-based National Insurance Corp and 76 percent of General Insurance Corp non-management staff stayed away from work Tuesday in support of a nationwide insurance sector strike.

India must be prepared to face a lower growth of seven percent this fiscal on account of the impact of global slowdown, Minister of State for Finance P.K. Bansal said in parliament Tuesday in what has been the most pessimistic official projection yet on the country's economic expansion.