INTERNATIONAL Pepsi grooms India-born Indra Nooyi for top post New York: India-born Indra K Nooyi, president and chief financial officer of PepsiCo, is being groomed to ultimately take over the top post in the food and beverage giant, where she is overseeing introduction of healthy foods and aggressively pursuing acquisitions.
NATIONAL AG gives opinion on divestment of oil PSUs New Delhi: Attorney General Soli Sorabjee on January 20 gave his opinion to the government on disinvestment of oil public sector undertakings (PSUs) Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL), which were acquired and created in the 1970s through Acts of Parliament.
IRDA warns insurers on new asset-liability mismatch New Delhi: With an uncertain equity market and lack of long-term debt papers, the Insurance Regulatory and Development Authority (IRDA) on January 20 cautioned insurers about mismatch in their asset and liabilities, and new types of risks like terrorism and catastrophes.
IT shares suffer setback, SENSEX down by 28 pts Mumbai: A sharp setback in Information Technology (IT) counters, drove the SENSEX lower by another 28.50 points to close at 3341.89 on the Stock Exchange on January 20, following heavy offerings by institutional investors and operators, reflecting weak Wall Street advices.
Ordinance issued on Customs code classification New Delhi: An Ordinance to simplify procedures to facilitate imports by adopting a
common commodity classification to be used by Customs, Directorate General of
Foreign Trade and Directorate General of Central
Intelligence and Services was promulgated on January 20.
Turn a deaf ear to sloganeering: Shourie to Antony Kochi: Cautioning government leaders not to fall prey to sloganeering, Union Disinvestment Minister Arun Shourie has a word of advice for them if they want to do something for the people.
Disinvestment is an irreversible process, says PM Port Blair: Prime Minister Atal Behari Vajpayee on January 20 categorically stated that the process of disinvestments was irreversible and only some state governments had reservations on how the process would be implemented.
'Kerala to speedily follow up on GIM proposals' Kochi: The Kerala government proposed to set up a "fast-track" mechanism on a war-footing to ensure easy clearance and implementation of the nearly Rs 26,000 crore investment proposals, which came up at the two-day Global Investor Meet (GIM), Chief Minister A K Antony said on January 20.
SENSEX opens weak on IT sector selling pressure Mumbai: The SENSEX opened weak and witnessed extremely narrow movements at early stages on the Bombay Stock Exchange (BSE) on January 20 due to some selling pressure in IT sector.
