INTERNATIONAL Global economy heading back to recession: WB Washington: The World Bank has warned that after the "exceptionally slow growth" in the last two years, there is significant risk that the world could slip back into recession.
NATIONAL Rally in Infosys Tech lifts SENSEX by 21 pts Mumbai: A sharp rally in heavyweight counter Infosys Technologies lifted the SENSEX by another 21 points at close in an otherwise volatile activity on the Bombay Stock Exchange (BSE) on December 12 on fairly good speculative buying and fresh purchases by Foreign Institutional Investors (FIIs)
India can become major MEMS market, says Aatre Bangalore: India has the potential to become a global player in micro electro mechanical systems (MEMS) market, which is projected to grow to $ 100 billion by 2005, in view of the country already having base technology and cost advantage, a top defence official said on December 12.
Panel against Kelkar proposal on processed foods New Delhi: The Planning Commission (PC) on December 12 expressed reservations on Kelkar Committee proposal to bring processed foods under excise duty net saying it will badly affect growth in the sector.
Shourie warns industry of isolation on WTO issue New Delhi: The Government warned industry of being isolated in the World Trade Organisation (WTO) and overtaken by countries like China if it continued to maintain an attitude of negativism and suspicion rather than effectively engaging in a dialogue and seizing opportunities.
Oil PSUs: Shourie refuses comment on pvt bidders New Delhi: Disinvestment Minister Arun Shourie on December 12 declined to comment on reports that Indian companies would be kept out of bidding in the disinvestment process relating to oil public sector units (PSUs).
Kinetic offers two-year warranty on new brands Bangalore: Kinetic Motor Company announced on December 12 that it would be offering a two-year warranty on its popular scooters 'Zoom' and recent success 'Nova'.
Stock scam: India, Mauritius pact to share info New Delhi: Market regulators of India and Mauritius on December 12 inked a crucial agreement for sharing of information on securities dealings which would assist the Securities and Exchange Board of India (SEBI) to dig deep into the securities scam of 2000-01 and prevent similar incidents in future.
SENSEX tumbles downwards on profit booking Mumbai: Share values resumed higher but immediately reacted downwards on profit selling on the Bombay Stock Exchange (BSE) on December 12.
