INTERNATIONAL FICCI to forge new synergies in Sino-Indian trade Beijing: Expressing keenness to forge new synergies between trade circles in India and China, the Federation of Indian Chambers of Commerce and Industry (FICCI) said on May 15 that it would do all it can to build a "new era" in bilateral trade and economic relations.
NATIONAL Govt signs new JV agreement with Suzuki New Delhi: Government on May 15 signed an agreement with Japan's Suzuki Motor Corp (SMC) to dilute its equity in Maruti Udyog Ltd (MUL) through a rights issue in exchange of Rs 1,000 crore as control and renunciation premium.
Gilt Edge broker Ketan Sheth under CBI net Mumbai: Ketan Sheth of Gilt Edge Securities and the third accused in the Rs 92.78 crore Seamen's Provident Fund Organisation scam, in Mumbai on May 14 surrendered to CBI, which later placed him under arrest.
Money Laundering Bill to be a potent weapon New Delhi: The long awaited money laundering Bill, to come up in Rajya Sabha in a day or two, proposes sweeping powers for the arrest, survey, search and attachment of property of the persons involved in money laundering.
Maruti poised for growth after Suzuki takeover New Delhi: An offer by the Indian government to hand control of the country's largest carmaker Maruti Udyog Ltd. to joint venture partner Suzuki Motor Corp will boost the company's competitive muscle, analysts said on May 15.
Cisco clears hurdle to provide VoIP to ISPs Bangalore: Cisco Systems Inc., the worldwide leader in networking for the Internet, announced on May 15 that it has cleared a key regulatory hurdle in India and is now able to provide VoIP (Voice over IP) technologies and solutions to service providers in the country.
Enron’s Dabhol may start production in 3 weeks New Delhi: Crisis-ridden Enron's Dabhol Power project (phase I) may start power generation in the next two to three weeks after a gap of about a year as a result of renewed negotiations between financial institutions, led by Industrial Development Bank of India (IDBI), and Maharashtra State Electricity Board.
SENSEX opens on promising note, wavers later on BSE Mumbai: The SENSEX opened on a promising note and was later trapped in an extremely narrow range in line with a mixed trend at early stages on the Bombay Stock Exchange (BSE) on May 15 on buying support alternated by profit booking by operators.
