INTERNATIONAL 'Scandals, fiscal deficits starve Indian pvt sector' Washington: Domestic financial scandals and government's large fiscal deficits are starving Indian private sector of capital and keeping interest rates high, says the international financial corporation (IFC), a private lending arm of the World Bank
EU good for British business, says Lord Paul London: As a controversy over UK joining the Euro is still raging, leading non-resident Indian (NRI) industrialist Lord Swaraj Paul has said the European Union is good for British business in terms of prosperity, practice and principles.
NATIONAL Apollo hospitals announces 25 per cent dividend Chennai: The corporate Apollo hospitals on September 19, announced a dividend of 25 per cent despite its net profit for the year ending March 31 dipping to Rs 24.70 crore from Rs 30.68 recorded during the previous year.
Centre ready to persuade NTPC to run Dabhol Mumbai: The Centre is ready to persuade National Thermal Power Corporation (NTPC) "to run and if required complete" the idle power plant of beleaguered Enron's Dabhol Power Company (DPC), but purely on commercial considerations, Union power secretary R V Shahi said on September 19
Air India to introduce 3 new flights from Dec 8 New Delhi: As part of Air India's expansion plans, three new flights will be introduced between Delhi, Mumbai and Frankfurt from December 2002 as the Indian national carrier looks at possibility of suitable arrangements with Air Canada for providing convenient connectivity between India and Canada.
BE to set up plant for making solar system modules Bangalore: The public sector Bharat Electronics (BE) would set up a plant for making finished modules in the solar systems segment, its chairman and managing director V K Koshy said on September 19.
TN's IT policy to bridge 'digital divide': Jaya Chennai: Tamil Nadu government's latest IT policy, seeking to establish the state as the destination of choice for IT industries and upgrade the quality of life of the citizens through e-governance among other things, was released in Chennai by Chief Minister Jayalalithaa.
Orissa bandh over NALCO privatisation begins Bhubaneswar: Several people were taken into preventive custody from different places in the city as the 12-hour state-wide Orissa bandh, called to protest against the Centre's move to privatise National Aluminium Company (NALCO), commenced on September 19 morning.
Equities continue their downward journey on BSE Mumbai: Equities continued their downward march extending overnight losses at the opening session on the Bombay Stock Exchange (BSE) on September 19 following fresh selling in select heavyweights.
