INTERNATIONAL Chrysler’s Smart Car selling more in Italy than in France Rome: Rome's crazy traffic jams and the lack of parking space have proved a boon for DaimlerChrysler, builders of the mini two-seater Smart car, which is selling better in Italy than in France, where it is built.
NATIONAL Airtel upgrades to state-of-the-art IN technology Chennai: Airtel, Chennai's leading cellular operator, on April 29 announced the migration in prepaid technology from "comverse" to the state-of-the-art "intelligent network" (IN) technology from Ericsson.
Jalan optimistic about Indian economy in 2002-03 Mumbai: Reserve Bank of India governor Bimal Jalan on April 29 expected inflation and liquidity to be comfortable, growth to be higher and no change in interest rates barring unforeseen circumstances in 2002-03.
Sinha welcomes RBI's credit policy as pragmatic New Delhi: Welcoming the Reserve Bank of India's credit policy as ''pragmatic'', Finance Minister Yashwant Sinha on April 29 said the policy comprises a number of good decisions including the one to cut cash reserve ratio (CRR).
RBI asks banks to reduce spreads above PLR Mumbai: Reserve Bank of India on April 29 asked the banks to review high spreads over their prime lending rates (PLR) and reduce them to ensure that credit was available at reasonable rates.
Inflation rate ends at 1.4 pc in 2001-02 Mumbai: The annual rate of inflation, measured on basis of point-to-point variations in wholesale price index (WPI), ended the fiscal 2001-02 at 1.4 per cent as compared to 4.9 per cent at the end of previous fiscal, Reserve Bank of India said.
ABB, IBM conclude major IT contract Bangalore: IBM India and ABB India signed a major contract on April 29 for information technology services partnership.
Non-bailable warrant against Reliance president New Delhi: A Delhi court issued a non-bailable warrant (NBW) against the president of Reliance Industries V Balasubramaniam for failing to appear before the court on April 29 in connection with the recovery of classified documents from the corporate office.
White elephants hurt SAIL business plans Kolkata: The business restructuring of Steel Authority of India Ltd (SAIL) has run into rough weather with the company facing difficulty in hiving off Salem steel plant (SSP) and Alloy steel plant (ASP), besides failing to implement the strategic business unit plan.
RBI to cut CRR by 50 points from June 15 Mumbai: The Reserve Bank of India on April 29 announced a cut in the Cash Reserve Ratio (CRR) by 50 basis points effective fortnight of June 15.
Equities resume on weak note on distress selling Mumbai: Depressed sentiment prevailed at Bombay Stock Exchange (BSE) on April 29 with share values resuming on a weak note following distress selling by operators on the back of negative advices from New York.
