INTERNATIONAL WorldCom files for bankruptcy protection New York: WorldCom Inc. has filed for bankruptcy protection, almost four weeks after it disclosed close to $ 4 billion in deceptive accounting..
NATIONAL BSNL to apply concessional ISD rates from midnight New Delhi: Bharat Sanchar Nigam Ltd (BSNL) has decided to implement the concessional international call rates announced by various international long distance operators including Videsh Sanchar Nigam Ltd (VSNL), from midnight on July 22.
JPC for independent probe into UTI's failed merger New Delhi: The Joint Parliamentary Committee (JPC) has asked the Unit Trust of India (UTI) Bank to conduct an independent enquiry for its failed merger with Global Trust Bank (GTB) charging that UTI Bank's chairman "stood to gain personally from the merger".
Infrastructure firms register 5.7 pc growth in Q1 New Delhi: Growth rate of six infrastructure industries shot up to 5.7 per cent in the first quarter ended June 30 2002 as opposed to 1.2 per cent growth in the same period a year ago, giving firm indications of revival of industry.
Giants IBM, Infy join hands on knowledge sharing Bangalore: IBM India on July 22 announced a knowledge sharing arrangement with Infosys Technologies Limited under the aegis of the developer marketing initiative led by the former and the knowledge management (KM) group at the latter.
Market monitor SEBI comes under JPC fire New Delhi: The Joint Parliamentary Committee (JPC) has blamed market regulator Securities and Exchange Board of India (SEBI) for lack of alertness that led to withdrawal of Rs 1,900 crore by Reliance from the Automatic Lending and Borrowing Mechanism (ALBM) in less than two weeks, leading to stock market crash in 2001.
Maruti drives out of red, announce 30% dividend New Delhi: India's largest car maker Maruti Udyog has driven out of the red by posting a net profit of Rs 104.5 crore for 2001-02 on a turnover of Rs 9410.3 crore.
BSE: Sensex falls below 3,200-mark at early stages Mumbai: The SENSEX opened weak and later dipped below 3,200-level in line with continued downslide inequities at early stages on Bombay Stock Exchange (BSE) on July 22 in the wake of heavy sell-off triggered by weak trend in global markets.
