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 JPC urges strict accountability by listed companies New Delhi: Blaming the nominal inflow of household savings into stock market on lack of confidence of retail investors, a Joint Parliamentary Committee (JPC) has recommended strict accountability by listed companies through certification by their chief executives, which if proved incorrect should attract criminal liability under the law.
UTI-II sponsor should not have their own MF: JPC New Delhi: Warning against conflict of interest of financial institutions which have been chosen to sponsor UTI-II, the Joint Parliamentary Committee (JPC) probing the stock scam and UTI (Unit Trust of India) muddle, has recommended that sponsors should be those that have not sponsored their own mutual fund (MF).
SENSEX ends flat, recouping early losses on BSE Mumbai: The benchmark ended barely changed from overnight levels at 3333.86 on the Bombay Stock Exchange (BSE) on December 19 after overcoming early pressure following a late bout of buying enquiries in generally tight range-bound trade, with the closing list displaying a mixed fare.
Japan attractive IT destination for India: Premji Bangalore: Japan is an attractive information technology (IT) destination for India because of its potential and lack of penetration and there is opportunity for Japanese companies to expand the sourcing of software from the present four per cent to 15-20 per cent by 2004, chairman of Wipro Azim Premji said on December 19.
McDowell's Signature pack bags 'Indiastar' Award Bangalore: McDowell’s Signature Rare Whisky mobile bar pack has bagged the Indian Institute of Packaging's 'Indiastar Award 2002' for its innovative concept, visual appeal and convenience, according to an official press release from McDowell.
Govt dispels fears over wireless in local loop New Delhi: The government on December 19 sought to allay customer fears over wireless in local loop (WLL) saying there was no restraint on basic telephone operators providing the service.
Nuclear Software Exports listed on national exchange New Delhi: Nucleus Software Exports Limited got listed at the National Stock Exchange (NSE) under the symbol NUCLEUS, according to an official press release.
With no restraints, Japan to restore India's aid Bangalore: The Japanese government would announce early next month a fresh aid package to India, first after Tokyo discontinued its measures towards this country taken in the wake of May, 1998 nuclear tests, according to Akira Hayashi, Japanese Ambassador to India.
No proposal to divest Air India, IA: Shourie Chennai: Union Disinvestment Minister Arun Shourie on December 19 said that there was no proposal with the Centre to go in for disinvestment of Air India and Indian Airlines.
Share values react downward at opening session Mumbai: Share values reacted downwards at the opening session on profit selling by operators on the Bombay Stock Exchange (BSE) here on December 19.
No move to privatise profit-making NLC: Bharti Neyveli: Coal and Mines Minister Uma Bharti on December 19 categorically ruled out privatisation of the profit-making Neyveli Lignite Corporation (NLC), but said the government would explore possibilities for joint ventures with coal-producing companies for setting up power projects in power deficient states.
