INTERNATIONAL Gulf states agree on distributing Customs revenue Gulf: An agreement between Gulf Arab states clearing the main hurdle to a Customs Union, and Moody's withdrawal of Iran's financial rating made the main economic news headlines in the Middle East this week.
Indian IT business in UK in pink of health: Paul London: Information technology businesses run by non-Europeans, mostly Indians, in Britain are growing at a fast pace and can emerge as major enterprises, Lord Swaraj Paul, leading non-resident Indian (NRI) industrialist, has said.
NATIONAL Mumbai HC stays lower court bail order of Parekh Mumbai: In an interim order, Mumbai High Court on June 7 stayed until June 10 a lower court's order, which granted bail to tainted brokers, Ketan Parekh, his cousin Kartik and Jatin Sarvaiyia, held on charge of cheating a Mauritius-based company of Rs 83.22 crore.
Govt asks VSNL to reconvene board meeting New Delhi: The government has asked Videsh Sanchar Nigam Limited (VSNL) to reconvene the board meeting and review more transparently the controversial decision of investing Rs 1,200 crore in Tata Tele services.
Tech Pacific to market TVSE computer peripherals Chennai: TVS Electronics Ltd, a leading manufacturer of computer peripherals and Tech Pacific India, have entered into a tie up for marketing the former's products, mainly dot matrix printers, in the domestic market
Infosys becomes first Asian firm to win CUX award "Bangalore: Infosys Technologies Ltd on June 7 announced that it has received the prestigious Corporate University Xchange Excellence Award (CUX) for 2002, for ‘Aligning Corporate Learning to Business Strategies’.
Delhi HC rejects writ on VSNL petition New Delhi: The Delhi High Court on June 7 declined to issue notice to the Centre, Videsh Sanchar Nigam Limited (VSNL) and Tatas on a petition challenging the alleged diversion of VSNL funds by Tatas to one of its companies.
K’taka Telecom to give 1 lakh new lines in 60 days Devangere: Karnataka Telecom Circle will provide 1 lakh new telephone connections in another 60 days. The additional capacity for the current year is 5 lakh lines.
Lanka seeks more Indian avenues, ports for trade New Delhi: Sri Lanka on June 7 asked India to reciprocate by opening up more ports and certain sectors including textile, services, cement and tea to enhance the volume of exports from the island nation.
KIOCL seeks newer pastures for mining operations Mangalore: The Kudremukh Iron Ore Company Ltd (KIOCL) is looking ahead for new mining areas in Jharkhand or Issa as well as Tumkur and Bellary districts in Karnataka, according to its chairman and managing director S Murari
Equities lower on foreign media reports of war Mumbai: Share values opened lower on the Bombay Stock Exchange (BSE) on June 7 following foreign media reports expecting a war between India and Pakistan in two weeks.
