INTERNATIONAL India has to take growth up to reduce poverty: IMF
Washington: The International Monetary Fund (IMF) on April 10 said perhaps the single most critical issue for India is how to take growth up to the rates that are necessary to reduce poverty in the medium term.
NATIONAL i-Flex case: CEO's hearing postponed to May 2
London: The hearing in the extradition case of Senthil Kumar, Chief of the Dutch subsidiary of India software firm i-Flex, facing charges of alleged violation of Dutch visa rules has been postponed to May 2.
SENSEX fails to cross 3000-psychological barrier
Mumbai: Despite attempts by domestic funds to salvage the situation, the market witnessed another stocks meltdown pushing the SENSEX below the 3000-psychological barrier on the Bombay Stock Exchange (BSE) on April 11 on unabated sell-off by Foreign Institutional Investors (FIIs).
Canara Bank subsidiary clocks record turnover
Bangalore: Canbank Factors Limited, a Canara Bank subsidiary, on April 11 reported that it has recorded its highest turnover (factoring volume) of Rs 1,223 crore for the year ended March 31, 2003, a growth of 19.25 per cent over the previous year's figure of Rs 1,026 crore.
SENSEX dips below 3,000 mark at early stages
Mumbai: The SENSEX opened marginally lower and later dropped sharply below the 3,000-psychological mark at early stages as investors disappointed by Infosys Tech's poor outlook for 2003-04, continued their sell-off in key IT stocks on the Bombay Stock Exchange (BSE) on April 11.
'India has made very good progress in GDP growth'
Washington: World Bank president James Wolfensohn has commended India for the "very good progress" it has made in its gross domestic product (GDP) growth and wanted developed countries to increase their development aid to third world nations.
