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 Wipro completes first phase of LCA project for NYSE Bangalore: Wipro Technologies, the global IT services division of Wipro Limited, on December 10 announced the successful completion of the first phase of the Listed Company Administration (LCA) project for the New York Stock Exchange (NYSE).
RBI favours further cut in lending rates New Delhi: A month after the Bank Rate cut, Reserve Bank of India (RBI) on December 10 favoured further reduction in lending rates and interest rate spreads of commercial banks, especially for small scale and agriculture sectors.
IOC to set up 116 auto LPG units across nation Chennai: Oil major, Indian Oil Corporation (IOC), is to open a total of 116 auto liquified petroleum gas (LPG) outlets across the country before 2004, according to IOC executive director T L Jain.
Late rally in HLL, Infosys, RIL, SENSEX up by 20 pts Mumbai: After a weak start, blue-chip stocks recovered smartly and a few even posted handsome gains aiding the SENSEX to end 20 points up on the Bombay Stock Exchange (BSE) on December 10 on late buying support on the back of selective purchases by Foreign Institutional Investors (FIIs).
'Industrial production growth to decline in 2nd half' Mumbai: The Centre for Monitoring Indian Economy (CMIE) on December 10 said industrial production growth is likely to decline in the second half of the current fiscal while the first advanced estimate of Kharif crop showed a 10 per cent drop in food production.
Andhra Bank launches MasterCard electronic card In a major thrust to reach out to the hitherto untapped Indian consumers, Andhra Bank has announced the launch of the mass market MasterCard electronic card programme in India, according to an official press release.
SENSEX falls on continuous slide in key counters Mumbai: The SENSEX opened lower and dropped further in line with continued slide in key stocks at early stages on the Bombay Stock Exchange (BSE) on December 10 on fresh selling by operators as well as foreign funds.
