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Kuwait index at 33-week low, TASI slightly down [Arab News, Jeddah, Saudi Arabia](19 Nov 2009 00:01:00 EST)Nov. 19--DUBAI -- Kuwaiti mobile telephone firm Zain's and logistics provider Agility took a beating on Wednesday and hammered the index to a 33-week low. Agility dived 5 percent after a US grand jury indicted the logistics firm on Monday over accusations of overcharging the US Army to the tune of $60 million. Kuwait's KWSE index slipped 1 percent to 6,705 points, its lowest close since March 30.
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PM calls for BSNL's performance review as revenues fall [Hindustan Times, New Delhi](13 Nov 2009 19:08:00 EST)Nov. 13--NEW DELHI -- Alarmed by its falling numbers, the prime minister Manmohan Singh has called for a meeting to review the performance of Bharat Sanchar Nigam Ltd. The company's revenues fell by 6 per cent for the year ending March 2009 over the previous year. Communications Minister A. Raja, Cabinet Secretary K.M. Chandrasekhar and Telecom Secretary P.J. Thomas will be present in the meeting.
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HCL may have to give up Rs 1,700 cr IT deals for BSNL contract [The Economic Times, India](29 Oct 2009 16:31:00 EDT)Oct. 29--NEW DELHI -- IT firm HCL Infosystems will have to give up two large IT contracts, jointly worth over Rs 1,700 crore, after the company emerged as the lowest bidder in all the four zones for state-run Bharat Sanchar Nigam's $1-billion IT contract.
