INTERNATIONAL Airlines on recovery road, experts urge reform London: There are brighter skies ahead for airlines battered by the recent slump in air demand, but carriers must cut costs and capacity if they are to return to profitability, say industry executives.
US economy over the hump: O’Neill Ottawa: The US economy is over the hump and heading for real growth of 3.0-3.5 per cent as soon as the last quarter of 2002, US Treasury Secretary Paul O'Neill said.
NATIONAL Tatas, BSES ‘most sought’ by foreign energy firms Mumbai: Tata Power Company (TPC) and BSES Ltd, lead contenders for bankrupt Enron's Dabhol Power Company (DPC), are now "most sought" power utilities by global energy majors like Gaz de France, TotalfinaElf and Royal Dutch Shell as potential partners for consortia bidding to buy 85 per cent foreign equity of the 2,184 power project.
Ambitious Budget slated for 2002-03 New Delhi: Bold and drastic measures including a cut in corporate tax and peak customs duty to 30 per cent and reduction in small savings rate by 1-1.5 per cent, besides steps to boost investment in infrastructure and rural sectors are likely in the forthcoming Budget.
