INTERNATIONAL Britain’s Lloyds bank to axe 3,000 jobs London: Britain's largest retail bank, Lloyds TSB, on February 15 said that it was axing 3,000 jobs after profits fell eight per cent in 2001, squeezed by its exposure to the Argentina economic crisis.
NATIONAL SENSEX crosses 3,600-level as fresh stocks rally Mumbai: The SENSEX closed past 3,600-level for the first time in about nine months on the Bombay Stock Exchange (BSE) on February 15 on sustained buying from speculators as well as foreign institutional investors (FIIs) prompted by a continuous flow of reforms news.
French major Totalfina out of race for DPC Mumbai: French energy major Totalfina Elf on February 15 announced that it was not going to participate in sale of 85 per cent offshore equity of bankrupt Enron's Dabhol Power Company (DPC).
SEBI charges Parekh entities for takeover breach New Delhi: The market regulator SEBI (Securities and Exchange Board of India) has charged the 11 entities of the big bull Ketan Parekh of violating takeover norms involving scrips that include Global Trust Bank (GTB) and Shonkh Technologies and for not making disclosures and the public offer.
Banks officers to join stir against eco reforms New Delhi: Bank officers will join the mass movement to be launched by the central trade unions on March 13 against the government's ''oppressive'' economic reforms including privatisation of banks, Union Leaders announced on February 15.
SENSEX opens better on fresh buying support Mumbai: The SENSEX opened better and later rallied smartly on the back of a consistent upsurge in share values during morning session on the Bombay Stock Exchange (BSE) on February 15 on fresh buying prompted by encouraging reforms news and increased FII activity over the past few days.
