INTERNATIONAL US scams highlight Asia’s 1997 crisis, says IMF Manila: "The recent wave of corporate scandals in the United States shows that the shortcomings uncovered by the Asian financial crisis of 1997 are also present in developed countries," the International Monetary Fund's (IMF) chief spokesman said on July 12.
India to soften terms of Sri Lanka’s LoC Colombo: India on July 12 agreed to further soften terms of the line of credit (LoC) of $ 100 million already extended to Sri Lanka as the two countries decided to tap the vast potential that exists for enlarging economic co-operation beyond the India-Lanka Free Trade Agreement (FTA)
NATIONAL Iran auto fair creates 4 cr worth business for India Chennai: The Tehran International Auto Fair (TIAF) held in June had generated concrete orders worth Rs 4 crore for the members of the Automotive Component Manufacturers Association of India (ACMA).
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SC rejects plea from SSIs, BPL on GAIL gas supply New Delhi: The Supreme Court (SC) on July 12 rejected the applications of 19 small scale industries (SSIs) and that of BPL Display, who challenged the decision of the Gas Authority of India Ltd (GAIL) to stop supply of natural gas to them.
Govt for JVs on privatisation of metro airports "New Delhi: The government has decided to forge joint ventures with private firms instead of going in long-term leasing of the four metro airports and the privatisation process would be kicked off very soon, Civil Aviation Minister Shahnawaz Hussain said on July 12.
Scams: SBI seeks more accounting transparency Bangalore: In the wake of accounting scandals in the US, State Bank of India (SBI) would ask its corporate customers to ensure greater degree of compliance of accounting norms and to disclose more information, a topmost bank executive said on July 12.
RBI deputy chief to push forward-looking reforms Bangalore: Reserve Bank of India's deputy governor-designate, Rakesh Mohan indicated on July 12 in his new role, he would strive to give momentum to forward-looking reforms in the financial sector.
Supreme court stays HC order on Bofors case New Delhi: Supreme Court on July 12 stayed the Delhi High Court order quashing the chargesheet against three Hinduja brothers, who are accused in the Rs 64 crore Bofors pay-off case.
