INTERNATIONAL Pricewaterhouse to pay $ 5 mn in settlement with SEC Washington: PricewaterhouseCoopers LLP has agreed to pay $ 5 million to settle three separate enforcement actions by the Securities and Exchange Commission (SEC) alleging violation of independence standards and improper accounting, media reports said on July 17.
House of Reps for stiffer Laws on corporate frauds Washington: Picking up the gauntlet thrown down by the Senate, the US House of Representatives has voted to dramatically stiffen penalties for corporate fraud in a bid to restore investor confidence shaken by accounting scandals.
NATIONAL Jubilant Organosys reports growth-led performance Mumbai: Jubilant Organosys Limited, India's largest speciality chemicals company with a leading position in its defined chemical categories in global markets, on July 17 reported an earnings growth-led financial performance for first quarter FY 2003.
Can Fin Homes reports 10 pc profit in first quarter Bangalore: Can Fin Homes Ltd (CFHL) on July 17 reported a 10 per cent increase in net profit at Rs 4.49 crore for first quarter (Q1) of 2002-03, compared to the same period in 2001 (Rs 4.07 crore).
B’lore to host int’l trade fair EXCON 2002 in Dec Bangalore: The second international trade fair on construction technologies and construction equipment "EXCON 2002" would be held in Bangalore from December 16 to 19.
UN norm: India sets up unit to check terror fund New Delhi: India on July 17 said it has set up a Financial Intelligence Unit as part of the efforts to fulfil United Nations resolution and G-20 action plan to check the menace of terror funding.
Escotel begins repayment of 'long term debt' Bangalore: Escotel, the largest cellular service provider in UP (West), Haryana and Kerala on July 17 announced that it has paid the first installment of Rs 16 crore for both its "Off-shore" and "On-Shore" long term facility. Escotel is one of the first cellular operators to start repaying its "Long Term Debts", which reflects the operational and financial soundness of the project.
Cognizant reports 20 per cent higher revenue in Q2 Bangalore: Cognizant Technology Solutions on July 17 reported an increased revenue – up by 20 per cent as compared to the same period last year – in the second quarter ended June 30, according to an official press release.
Intel's revenue down by 7 per cent in Q2 Bangalore: Intel Corporation on July 17 announced second-quarter revenue of $ 6.3 billion, down 7 per cent sequentially and approximately flat year-over-year, according to a press release.
Dividing FCI into state units will save huge costs New Delhi: In what is being considered the most exhaustive report on the functioning of Food Corporation of India (FCI), a study has proposed the division of the public sector food behemoth, even as the issue is being looked at by a high level committee (HLC) on food grains.
IT conducts raids on Xerox offices on bribe scam New Delhi: The Income Tax department on July 17 searched 23 places of Xerox Modi Group in the wake of ongoing allegation of making bribes to government officials to secure orders.
TAMP chief says ports’ corporatisation is illogical Chennai: The ongoing corporatisation process of major ports is "illogical and meaningless" according to S Sathyam, chairman, Tariff Authority for Major Ports (TAMP)
Monsoon delay may hold up economic recovery Mumbai: A late monsoon in the parched Northern agricultural states is putting the country's tentative economic recovery at risk, according to experts.
ISRO a commercial failure, says global survey Hyderabad: Despite all the hype about its success, the Indian Space Research Organisation (ISRO) is a commercial failure; it appears from a global survey of satellite operators who provide telephone and television services.
SENSEX moves southwards on fresh selling pressure Mumbai: The SENSEX opened on a promising note but later was trapped in a narrow range, generally moving southwards at early stages on Bombay Stock Exchange (BSE) on July 17 on fresh selling pressure from investors.
