Moody's go positive on Tata Motors London: International rating agency Moody's, while retaining the 'Ba2' rating on Tata Motors Ltd.'s debt paper, has changed its outlook to "positive" from negative.The change in the outlook was prompted by strong improvements in the company's operational performance, cash flows and debt reduction. The agency has also taken the acquisition of Daewoo Commercial Vehicle Company Ltd, by Tata Motors, into account.
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US trade group slams BPO 'hysteria'
San Francisco: America's leading technology trade group American Electronics Association (AEA) has termed the BPO concerns as "hysterical". AEA says putting restrictions on outsourcing was not going to solve the unemployment problem.In a report, the group says that "offshore outsourcing is the least important variable in the decline of high-tech jobs," and advocates improved policies for education and immigration to check the job flight.
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India and Bangladesh revise trade draft
New Delhi: India and Bangladesh have agreed on a revised draft of the bilateral trade agreement (BTA), and have decided to carry forward the revised text of the agreement. The draft will be valid for five years.The two-day trade talks finalised testing standards for food articles, textiles and other items. While Bangladesh will accept certification norms of the Bureau of Indian Standards, India will recognise those of the Bangladesh Standards Testing Institute.
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EU moves against Microsoft on monopoly
Brussels: European Union regulators have said that Microsoft had abused its Windows monopoly to stifle competition and have directed the company to pay a whopping fine of US$ 611 million, besides making amendments to its business model.By way of other penalties the European Competition Commissioner has asked Microsoft to provide secret programming information to licensed competitors within 120 days, and has also demanded that a stripped down version of the Windows operating system be provided to server manufacturers and end users within 90 days.Microsoft has seventy days to appeal against the ruling.
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