INTERNATIONAL WorldCom defaults $ 4.25 bn debt, stocks plummet Washington: WorldCom stock plummeted 93 per cent on July 1 as the group defaulted on $ 4.25 billion of debt and warned of possible new accounting irregularities.
NATIONAL Crabtree launches designer bathroom fittings Bangalore: Crabtree Aquatech Limited, a joint-venture between Fratelli-Frattini, bath fittings manufacturer from Italy and Havell's Group on June 2 announced the launch of the Crabtree-Frattini range of bath fittings with a large variety of Italian designer faucets in a range of styles.
WorldCom starts part payment of dues to VSNL Mumbai: US-based troubled telecom outfit WorldCom has started making part payment of its dues to Tata group, Videsh Sanchar Nigam Ltd.
Industry reacts positively to Jaswant as FM Bangalore: Indian commerce and industry on June 2 applauded the appointment of veteran politician Jaswant Singh as the country's new Finance Minister, saying the move would give a definitive push to the country's sagging economic reforms.
Maran seeks removal of curbs hindering trade New Delhi: India on July 2 demanded a greater access from the developed countries for the movement of people saying that a number of regulations stood in the way of obtaining market access in sectors in which it has an advantage.
Radico Khaitan launches new brand of whisky Bangalore: Radico Khaitan Limited, pioneers in liquor manufacturing in India, announced the launch of "Special Appointment" whisky positioned in the semi-premium segment.
