NATIONAL 'If it is not good for the US, then it is not fair'
Bangalore: Asserting that worries of US job losses are exaggerated due to movement of skilled jobs abroad, Nobel Laureate and American economist Joseph E Stiglitz today (Jan 15, 2004) said there would be more jobs created in the US if the economy improves, than it would have lost.
Hedge funds' sell-off pulls down Sensex by 130 pts
Mumbai: Stocks crashed dramatically after a strong start and sent the Sensex reeling down to close with a whopping 130 points fall at the Bombay Stock Exchange (BSE) today (Jan 15, 2004) on heavy sell-off by foreign hedge funds.
Govt nod to hike in FDI ceiling in pvt banks
New Delhi: Government today (Jan 15, 2004) approved hike in foreign holding in private banks from 49 to 74 per cent subject to mandatory credit rating of the investors and the Reserve Bank's approval.
WB team to meet IT Ministry on E-governance
Bangalore: A high-level World Bank delegation will visit New Delhi next week to interact with the Union IT Ministry on the various E-governance initiatives of the Government.
Hiking of FDI cap in telecom likely deferred
New Delhi: The Union Cabinet is today (Jan 15, 2004) believed to have deferred a proposal for hiking foreign investment cap in telecom sector to 74 per cent from the existing 49 per cent.
