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Infosys picked for K'taka's power project

Mumbai: Infosys Technologies, India's No 2 software exporter, has been selected to implement a Rs 3.87 billion IT project for Karnataka's power distribution utilities, two government officials said."We have issued the letter of intent to Infosys," a source at the Bangalore utility said on…

Oil spikes to USD 74.28 a barrel

Oil prices rose in Asian trade as traders capitalised on a weakening US dollar, analysts said.New York's main futures contract, light sweet crude for delivery in January, rose 35 cents to USD 74.28 a barrel.Brent North Sea crude for January delivery climbed 57…

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