INTERNATIONAL
Unisphere Networks bags prestigious MTC awards Westford (Massachusetts): Unisphere Networks, Inc has bagged both "Company of the Year" and "CEO of the Year" awards for 2002 during the Sixth Annual Massachusetts Telecommunications Council (MTC) awards ceremony held on March 20 in Boston.
NATIONAL
Investment limit in RBI Relief Bonds lifted New Delhi: Government has lifted the Rs 2 lakh investment limit for investing in Reserve Bank of India (RBI) Relief Bonds but kept the interest rate on the bonds at a lower 8.0 per cent.
Morepen Lab to expand distribution, marketing sector Chennai: Morepen Laboratories Limited, a pharmaceutical company, will invest nearly Rs 70 to 80 crore in the next three years, on expanding its distribution and marketing network across the country.
Mumbai HC stops DPC from filing for bankruptcy Mumbai: Mumbai High Court on March 21 restrained Enron major's Dabhol Power Company (DPC) from filing bankruptcy proceedings in an American court and ordered immediate appointment of a court receiver to preserve its assets in India.
PNB IPO offer opens, hopes to list on BSE, DSE Bangalore: The initial public offering of Punjab National Bank (PNB) opened on March 21.The IPO, with DSP Merrill Lynch, ICICI Securities, SBI Capital Markets and Kotak Mahindra as the lead managers, closes on March 28.
KIOCL, Ministry of Steel ink pact to increase output Bangalore: Kudremukh Iron Ore Company Limited (KIOCL) on March 21 signed a memorandum of understanding (MoU) with Union Ministry of Steel, for the financial year 2002-03.
SENSEX suffers setback, plunges by 45 pointsE Mumbai: Equities suffered a sharp setback, pushing the SENSEX down by over 45 points at close in extremely narrow movements on the Bombay Stock Exchange (BSE) on March 21 due to fresh selling pressure from speculators as well as retail investors.
SMC, Centre finalise Maruti rights issue New Delhi: Suzuki Motor Corporation (SMC) of Japan and government have finalised the pricing of the shares for proposed rights issue in their joint venture Maruti Udyog Limited (MUL) as part of the exercise to privatise the car company, Heavy Industry Minister Manohar Joshi said.
