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INTERNATIONAL
Video shows fiat to Enron staffers to destroy papers
Houston (Texas): A videotape showed at the Arthur Andersen criminal trial on May 20 showed a partner telling employees it "would be great" to destroy documents before any legal action is filed to make them "irretrievable".

NATIONAL
Govt clears 39 foreign direct investment proposals
New Delhi: The proposal of India Communication's Global Partners (PCC), a Mauritius-based company, to acquire 10 per cent equity in Shyam Telecom for Rs 73.5 crore (including premium) is among the 39 foreign direct investment proposals, involving Rs 192 crore investment, cleared by the government on May 21.

MRPL’s exports drop during 2001-02 fiscal year
Mangalore: Mangalore Refinery and Petrochemicals Limited's exports dropped to 0.423 million metric tonnes (mmt) in 2001-02 from 0.492 mmt in the previous year, a top company official said today.

Magma Inc appoints D'gipro as distributor for India
Cupertino: Magma Design Automation Inc, a chip design solutions provider appointed D'gipro Design and Automation & Marketing Pvt Ltd as its distributor for India. D'gipro will provide sales and technical support to all magma products, according to an official press release.

Vysya Bank to foray into Internet banking soon
Bangalore: Vysya Bank has posted a net profit of Rs 68.75 crore for 2001-02, up 78 per cent compared to the previous year, and would foray into the area of debit card and Internet banking next month.