INTERNATIONAL 3rd nations pin hope on new WTO chief from Asia Hong Kong: Asian nations hope their voices will be heard more sympathetically in the clamour over globalisation as one of their own starts work on September 2 as the new head of the World Trade Organisation (WTO).
NATIONAL Wipro opens development centre in Canada Bangalore: Wipro Technologies, the global IT services division of Wipro Limited, on September 3 announced the opening of a development centre at Windsor, Canada, further enhancing its global delivery capabilities.
SENSEX plunges by 27 points on Sep 3 Mumbai: After a promising start, equities reacted negatively and closed with substantial losses pushing the SENSEX down by about 27 points at close on the Bombay Stock Exchange (BSE) on September 3 on consistent selling by domestic funds coupled with fresh profit booking by retail investors.
Patil favours open market disinvestment of PSUs New Delhi: Joining the ongoing debate on choosing strategic route or public offer for disinvestment, Heavy Industries and Public Enterprises Minister Balasaheb Vikhe Patil on September 3 favoured divestment in public sector units (PSUs) under his charge including Bharat Heavy Electricals Limited (BHEL) through open market sale of 25 per cent equity.
Fertiliser giant FACT offers VRS to prune manpower Kochi: In an effort to reduce costs, the fertiliser giant, Fertilisers and Chemicals Travancore (FACT) has decided to further prune its manpower by implementing a special voluntary retirement scheme (VRS) package for pre-1978 category employees.
Govt names UTI-1 roadmap, not for asset bleeding New Delhi: The government on September 3 asserted that it would not allow "asset bleeding" of UTI-l to meet redemption pressure on US-64 scheme and proposed to pass on the dividend earned from corporates on its assets to unit holders.
DCA seeks limited powers for SEBI on listed firms New Delhi: The Department of Company Affairs (DCA) wants Securities and Exchange Board of India (SEBI) to be given only limited search and seizure powers in respect of listed companies, official sources said on September 3.
Euro III petrol, diesel in metros from 2005: Naik New Delhi: Petrol and diesel conforming to Euro III emission norms would be supplied in metro cities from 2005, Petroleum Minister Ram Naik has said.
M'shtra rejects IDBI rate on Dabhol power purchase Mumbai: Hopes of an early restart of Enron's idle Dabhol power plant have been dashed with the Maharashtra government rejecting an offer by IDBI-led lenders for resuming purchase of power at a new rate saying that it was "unacceptable".
BII introduces regular courses in bio-informatics Bangalore: Bio-informatics Institute of India (BII), has now introduced two regular courses; Post Graduate Diploma in Bioinformatics (six months course) and Graduate Diploma in Bioinformatics (three years course) with limited seats, according to an official press release
Concerto's ContactPro 4.2 gets award at ICCM Expo Bangalore: Concerto Software, on September 3 announced that its unified CIM solution, ContactPro 4.2, was named "Best Contact Centre Management System" at International Call Center Management (ICCM) Conference and Expo 2002, according to an official press release.
Chattisgarh, Escorts tie-up to set up heart centre Bangalore: The Escorts Heart Institute and Research Centre (EHIRC), New Delhi, on September 3 announced that it would set up a state-of-the-art Heart Command Centre in the Chattisgarh state capital, Raipur, according to an official press release.
Equities flounder due to profit booking on BSE Mumbai: After a better start, the SENSEX fell back substantially in line with a downslide in new economy stocks at early stages on the Bombay Stock Exchange (BSE) on September 3 due to profit booking by public investors.
