INTERNATIONAL Russian telecom giant to invest $ 1 billion in India Moscow: Russia's AFK Sistema financial corporation is to invest $ 1 billion in the Indian cellular telecommunication sector over a period of five years.
NATIONAL Panel urges more role for independent directors New Delhi: The Naresh Chandra Committee on December 23 suggested an increased role for independent directors in listed companies and an overhaul of disciplinary procedures for accountants while fixing the responsibility of certification of audited accounts on Chief Executive Officers and Chief Financial Officers.
RIL, HLL setback pushes SENSEX in negative territory Mumbai: Select heavyweight counters including Hindustan Lever (HLL) and Reliance Industries (RIL) suffered a marked setback pushing the SENSEX in negative territory on the Bombay Stock Exchange (BSE) on December 23 on selling pressure from domestic mutual funds.
Air India reports profit amidst lesser turnover New Delhi: Air India (AI) has posted a net profit of Rs 15.44 crore during 2001-02, after emerging out of a loss of Rs 44.40 crore in the previous fiscal, though its turnover fell by 4.7 per cent, according to its annual report.
Bharti to restructure telecom software division New Delhi: Bharti Enterprises on December 23 announced the restructuring of its telecom software division to launch a new entity, Bharti Telesoft International Pvt Ltd.
TCS to recruit 4,000 professionals, set up new units Bangalore: Global technology slowdown not with standing, Asia's largest software and services company, Tata Consultancy Services (TCS) planned to recruit around 4,000 software professionals in the next one year, a top company executive said on December 23.
EU initiates probe into bed linen export incentives New Delhi: A fortnight after initiating a review of the anti-dumping duty on Indian cotton bed linen, European Union (EU) last week initiated an anti-subsidy investigation to examine if export incentives on it such as the duty entitlement passbook (DEPB) are subsidies or not
SENSEX opens strong on selective buying support Mumbai: Led by public sector undertakings (PSU) stocks, select key shares moved upwards aiding the SENSEX to open on a firm note on the Bombay Stock Exchange (BSE) on December 23 due to selective buying support from operators as also Foreign Institutional Investors (FIIs).
