INTERNATIONAL ADB revises Asia’s growth prospects upwards Manila: The Asian Development Bank (ADB) revised its 2002 economic growth forecast for developing Asia slightly upwards on September 18 but cautioned the region is vulnerable to external risks.
NATIONAL SENSEX falls by 34 pts after heavy selling Mumbai: Sentiment turned bearish on the Bombay Stock Exchange (BSE) on September 18 as shares in the IT sector and oil majors met with heavy offloading following global bearishness, pulling down the SENSEX by 34.12 points to close at 3069.78.
Six Indian companies looking at listing on LSE Bangalore: Six Indian companies are currently looking at listing on the London Stock Exchange (LSE), which saw 32 per cent more Indian shares and depository receipts being traded on its markets in 2002 compared to the same period in 2001
ONGC buys stakes in oilfields in Russia, Vietnam New Delhi: With domestic crude production stagnating at around 32 million tonnes, India's search for more crude oil through investments in oil fields abroad would fructify in about 8 million tonnes of oil from 2005.
Naik has no qualms over divestment in EIL, Balmer New Delhi: Petroleum Minister Ram Naik on September 18 said he had no reservations on privatisation of Engineers India Ltd (EIL) and Balmer Lawrie and he had cleared their strategic sale six months ago.
Tata Infotech to set up 120 education centres Bangalore: Tata Infotech Education plans to set up 100 education centres providing career and professional courses, in India, and 20 abroad, including in Korea and China, in the current financial year, a top executive of the company said on September 18.
Forum launched to boost cross-border business ties Bangalore: A new forum, India Singapore (Asia Pacific) Technopreneurs Association (INSTAR), was launched in Bangalore on September 18 with the aim of fostering cross-border business alliances between India, Singapore and China and helping in funding of companies.
Global weakness weighs heavily at opening on BSE Mumbai: The benchmark opened sharply lower with the tech counters taking the heat on the Bombay Stock Exchange (BSE) on September 18 following heavy selling pressure due to global bearishness.
