Microsoft, Infosys set for alliance
Microsoft Corp and Infosys Technologies are joining hands to form an alliance, marking the coming together of a global softwarw giant and a wannabe global information technology major.

Rediff invests in ICICI portals
ICICI Ltd today announced a strategic alliance with Rediff.com India Ltd for enhancing its Internet presence in the country.

`Hugely positive' event for both
THE global acquisition of J.P. Morgan by Chase Manhattan will be ``hugely positive for both the companies'' vis-a-vis their Indian operations, Mr Anil Bhalla, Managing Director and Senior Country Officer, Chase, told Business Line.

Big ad spenders cool to Olympics TV slots
AS the curtain lifts on the Sydney Olympics on September 15, TV screens facilitating live coverage of the event are likely to be in demand across the globe. Except, perhaps, in India.

P.Nag quits Duncans, joins Bombay Dyeing
MR Prosenjit Nag, Vice-President, Duncans Goenka group, has quit the company to take over as CEO, Domestic Retail Business of Bombay Dyeing & Manufacturing Co. Ltd, Mumbai.

Soonawala made Vice-Chairman of Tata Sons
A TOP level director at the Tata Group for the last several years, Mr N. A. Soonawala, has been appointed as the non-executive Vice-Chairman of the group's main holding company, Tata Sons Ltd (TSL).

Infosys stock turns weak
CONTRARY to expectations, the announcement of the alliance with Microsoft Corporation failed to trigger positive response at the stock market. On the contrary, the Infosys stock saw a steady decline after the alliance was informed to the stock exchange.

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