INTERNATIONAL Sinha urges for better ties among developing nations United Nations: India has demanded "full and effective" participation of the developing countries in the global economic decision-making institutions and asked them to provide a "coherent" and collective response to meet the challenge of globalisation.
NATIONAL Late rally help SENSEX recoup part of early losses Mumbai: Fresh buying in technology counters at lower levels helped the SENSEX to wipe out major part of early losses on the Bombay Stock Exchange (BSE), registering a 31 points recovery from the day's low level, but the closing level of 3024.35 was still 15.95 points weaker than the September 19 close.
SCOPE urges Centre to close down unviable PSUs Bangalore: The Standing Conference of Public Enterprises (SCOPE), an apex professional organisation representing public enterprises, on September 20 suggested to the Central government to close some 70 public sector undertakings (PSUs) that are not viable in the long-run and cannot be revived.
S&P downgrade will not affect economy: Govt New Delhi: Government on September 20 said downgrading of India's Rupee debt by international rating agency Standard and Poor's (S&P) will not hamper economic growth nor would it pose any problem to borrowing or foreign investment inflow.
Coke's divestment deadline extended by 6 months New Delhi: Government on September 20 said it has granted US giant Coca-Cola another six months till Feburary 2003 to mandatorily divest upto 49 per cent equity in its Indian arm following a representation by the company committing to comply with the divestment condition.
BII to organise 2-day long course in bioinformatics New Delhi: Bioinformatics Institute of India (BII), the leading institute in bioinformatics, is organising a two-day long "management development programme" in Bioinformatics on October 5 and 6 at Bank of India Staff Training College Plot No. B-32, Sector 62, Noida, from 09:30 hours (IST) to 17:30 hours to provide valuable insight into the world of bioinformatics, according to a press release.
Excise exemption partly restored to boost SSIs New Delhi: The government has restored excise exemption to hand processing and ball or roller bearing sectors in order to boost the small scale industry.
S&P ratings affect share values, open lower Mumbai: Lowering of India's local currency sovereign rating by one of the International credit ratings agencies S&P, had cascading effects on Bombay Stock Exchange (BSE) on September 20 as share values opened sharply lower following distress selling by operators.
