INTERNATIONAL 'Whiff of Enron emerging from bankrupt Swissair' Geneva: Swiss newspapers reacted with dismay on June 27 to growing evidence that dubious accounting methods were used at the former national airline Swissair in the years up to its spectacular financial collapse in 2001.
NATIONAL Government gives Jalan 2-year extension as RBI Governor New Delhi: Government has decided to give Bimal Jalan another two-year extension as Governor of Reserve Bank of India, highly placed sources in Finance Ministry said in Delhi on June 27.
Canara Bank IPO in September, target 110 cr Bangalore: Canara Bank, the highest profit-making bank in the country, is coming out with its maiden public offer in the second week of September with the initial public offer (IPO) size likely to be around Rs 110 crore, its chairman and managing director, R V Shastri, said.
ICICI to float joint assets restructuring company Udupi: ICICI along with other major public and private sector banks will soon float an assets restructuring company to buy the debts of banks totalling over Rs 110 crores, a top official of the bank said.
Hussain visits AI office, takes officials to task New Delhi: "I am at loss to find out which counter is for what. Why don't you have proper instruction boards," said a worried Civil Aviation Minister Syed Shahnawaz Hussain to Air India officials after paying a visit to one of the airlines' offices on June 27.
Delhi power distribution privatised to curb theft New Delhi: Delhi government on June 27 signed the share holding agreement with two private companies for power distribution in the capital marking the final stage of privatisation, with Chief Minister Sheila Dikshit announcing that a legislation would be enacted to curb electricity theft soon.
PTC awards: Mumbai firm bags 'electronics' award Bangalore: PTC, the product development company, recently announced the winners of its 10th annual PTC awards competition at the 2002 PTC/User International Conference in Atlanta, Georgia. V&V Design, incorporated in Mumbai in 1993, won the award in the electronics category from amongst hundreds of entries all over the world, according to an official press release.
Mumbai HC rejects bail plea of Sunil Kedar Nagpur: Nagpur Bench of Mumbai High Court on June 27 declined bail to the former chairman of Nagpur District Central Co-operative Bank and a former Maharashtra Minister of State, Sunil Kedar in Rs 150 crore gilt scam.
Infosys becomes first IT firm to be assessed at CMMI Bangalore: IT consulting and services major, Infosys Technologies Limited, on June 27 announced it has become the first Indian software company to be assessed at CMMIntegrated (CMMI) Level-5, for its offshore and onsite operations.
SENSEX opens on promising note on June 27 Mumbai: Aided by a mild rally in IT stocks, the SENSEX opened on a promising note and later rose past 3200-level in lacklustre activity at early stages on the Bombay Stock Exchange (BSE) on June 27 on selective buying by institutional investors.
