INTERNATIONAL WB warns India on fiscal deficit, slow reforms Washington: World Bank has warned India that its growth prospects are weakened by high fiscal deficits and slow reforms, and the country needs to accelerate poverty reduction efforts, especially in UP, Bihar and MP, to meet the Millennium Development Goals (MDG).
NATIONAL Free Trade pact with South Africa, Egypt likely Kolkata: India was looking for a Free Trade Agreement with South Africa, Egypt and some other African countries to bolster trade relations, Joint Secretary of Ministry of Commerce S Ramasundaram said on December 6.
Unprecedented rally at BSE, SENSEX past 3,300-mark Mumbai: Led by HPCL (Hindustan Petroleum Corporation Limited), stocks rallied sharply lifting the SENSEX past 3300-mark at close on the Bombay Stock Exchange (BSE) on December 6 as the government resolved the impasse over the disinvestment of oil PSUs (Public Sector Undertakings) barely two days ahead of the deadline set for sorting out the issue.
ONGC keen buying oil PSUs to extend marketing New Delhi :Oil and Natural Gas Commission (ONGC) on December 5 said it would like to acquire oil marketing Public Sector Units (PSUs) – Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL), as part of a strategy to overcome potential competitors who posed a formidable entry barrier.
SENSEX rebounds as oil PSU stocks soar sharply Mumbai: Oil public sector undertakings (PSUs) stocks opened with a big bang and later rallied sharply at early stages on the Bombay Stock Exchange (BSE) on December 6 in response to resolution of the controversy over divestment in two oil majors.
