NATIONAL WB warns 8 % growth not possible without reforms
New Delhi: World Bank on September 17 said India can achieve an economic growth of 8.0 per cent during the Tenth Plan period only if it undertakes comprehensive reforms and reduces its internal debts
and fiscal deficit.
'SC order on oil PSUs won't upset disinvestment'
New Delhi: Petroleum Minister Ram Naik on September 17 said the Supreme Court verdict on Hindustan Petroleum Corporation Ltd (HPCL)-Bharat Petroleum Corporation Ltd (BPCL) disinvestment would not "obstruct" privatisation process in other sectors.
BSE: SENSEX reacts negatively after strong start
Mumbai: Equities gave up early gains and even dropped sharply pushing the SENSEX to end 39 points lower in volatile activity at the Bombay Stock Exchange (BSE) on September 17 due to late sell-off by retailers as well as operators.
India to prepay over $ 2.9 bn costly foreign loans
New Delhi: Government on September 17 said it was planning to prepay over $ 2.9 billion costly foreign loans this fiscal, which would be funded through domestic market borrowing.
IBM India records highest growth in server market
Bangalore: IBM India recorded the highest revenue market-share growth of seven percentage points year-on-year in Q2 of calendar year 2003, amongst all vendors in the overall servers market, and grew by over 100 per cent to 3,455 units in April-June 2003, from 1,648 units in the same period in the previous year, the company said on September 17 quoting IDC's Enterprise Server Tracker Report for second quarter of 2003.
INTERNATIONAL India sixth most attractive countries for FDI
Washington: Although far behind China, India figures among the 10 most attractive destinations for foreign investment, according to a new survey.
Convergence of computing is here to stay: Otellini
Intel Developer Forum, San Jose (Calif): Intel Corporation President and COO Paul Otellini on September 17 demonstrated that through Intel's and the industry's efforts, the convergence of computing and communications is being rapidly embraced by individuals and has become a mainstream
trend.
