INTERNATIONAL Senate panel indicts Enron directors for fall from grace Washington: A US Senate sub-committee issued a scathing report on July 7 criticising the board of directors at fallen energy giant Enron and marking the beginning of a week in which the government was to focus on corporate accountability.
NATIONAL Disinvest department moots IPOs for PSU giants New Delhi: Buoyed by a recent spurt in market prices of PSU shares, the Disinvestment Department has mooted a proposal for mopping up Rs 25,000 crore by making public offers in five major PSUs including Bharat Sanchar Nigam Limited (BSNL), Indian Oil Corporation (IOC) and Gas Authority of India (GAIL).
Dhirubhai was exceptional business baron: Birla New Delhi: Eminent industrialist and former Rajya Sabha member K K Birla on July 8 described Dhirubhai Ambani as an inspiring and exceptional business baron in whose death the country has lost a great visionary and one of its top-most industrialists.
Reliance dispels fears after Dhirubhai’s death Mumbai: Reliance Industries Ltd (RIL) on July 8 remained in the limelight scoring impressive gains at the mid-session on the Bombay Stock Exchange (BSE) dispelling fears that the death of the Reliance group patriarch Dhirubhai Ambani would have adverse impact on the market.
Nitish moots lower fares in Shatabdi, Rajdhani Patna: Railway Minister Nitish Kumar on July 8 said he has asked the Railway Board to explore the possibility of revision of fares in expensive trains like Shatabdi and Rajdhani in the wake of recent drastic reduction in fares of Indian Airlines to attract more passengers.
Summons issued to former ED director in FERA case New Delhi: A Delhi court on July 8 took cognizance of a chargesheet filed by Central Bureau of Investigation (CBI) against former Enforcement Director Ashok Agarwal and issued summons to him in a case of criminal conspiracy to allegedly implicate a city-based businessman in a Foreign Exchange Regulation Act (FERA) case.
TVS registers 40 pc growth in two-wheeler sales Bangalore: Two-wheeler major TVS Motor Company sold 2.73 lakh units during the first quarter (April-June) of 2002-03, up 40 per cent compared to the same period last year, and is actively looking at setting up a manufacturing plant in South East Asia, top company officials said on July 8.
SENSEX moderately up on demand for Reliance shares Mumbai: Powered by a smart rally in Reliance Industries Ltd (RIL) and other heavyweights, the SENSEX that opened moderately up, later rallied smartly at early stages on the Bombay Stock Exchange (BSE) on July 8 on fairly heavy purchases by institutional investors as also speculators.
