INTERNATIONAL WEF winds up without solutions to issues New York: Business, industry and political titans packed their bags after five days of discussions here on a variety of issues - fighting terrorism, giving a human face to globalisation, easing poverty, resolving international conflicts - but failed to reach conclusions.
NATIONAL Petro shares flare up on BSE, SENSEX closes lower Mumbai: Led by IBP, petro shares flared up on the Bombay Stock Exchange on February 5 following heavy buying generated by government's privatisation of the two public sector undertakings, IBP and VSNL.
Govt to divest equity in BPCL, HPCL: Shourie New Delhi: The government on February 5 said that it will divest its equity in Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) during the next financial year and announced that IOC, which acquired petro retailer IBP Co Ltd, would be kept out of the process.
IOC buys govt stake in IBP, Tatas bag VSNL New Delhi: The government on February 5 decided to sell its stake in Indian Bharat Petroleum (IBP) to another Public Sector Undertaking (PSU) Indian Oil Corporation (IOC) while Tatas bagged government's 25 per cent stake in Videsh Sanchar Nigam Ltd (VSNL).
ADB may hike annual assistance to India: Chino New Delhi: Asian Development Bank (ADB) is considering hiking annual assistance to India by more than 50 per cent to 2.0 billion Dollars but asked the government to step up reforms in power, agriculture and financial sectors.
Govt claims improved economy in 2001-02 New Delhi: The government on February 5 claimed an improvement in the economy during 2001-02 by projecting a 5.4 per cent growth within a week of lowering the economic growth to 4 per cent for the last fiscal from the earlier estimates of 5.2 per cent
Wall Street blues reflect on BSE, stocks subdued Mumbai: Share values opened subdued on Bombay Stock Exchange (BSE) on February 5 due to speculative selling following a sharp fall in the Wall Street on February 4.
