NATIONAL Mutual funds can now invest up to 10% abroad: SEBI The Securities and Exchange Board of India (SEBI) today (Mar 19, 2004) said the mutual funds could now invest up to 10 per cent of net assets as on January 31 of the relevant year in foreign securities.
Infrastructure industries grow 11.3 pc during Feb Reflecting the buoyancy in the economy, the infrastructure industries grew 11.3 per cent during February on upsurge in cement, electricity, coal and petroleum products output.
'Let US talk of their $3 bn subsidy and not ours' India today (Mar 19, 2004) attacked the United States over agricultural subsidies and trade liberalisation saying it was "not serious" about the matter and had failed to understand New Delhi's political concerns.
Infosys Tech shines, leads recovery on BSE Led by Infosys Technologies, stocks recovered smartly aiding the Sensex to end 28 points higher after the overnight setback even as a late bout of selling pared part of early gains at the Bombay Stock Exchange (BSE) today (Mar 19, 2004).
Inflation falls below 5.0 pc after 16 weeks After 16 weeks of over 5.0 per cent, inflation fell to 4.91 per cent mark for the week ended March six due to sharp fall in prices of vegetables, wheat, fuel products and manufactured items including food products.
Sensex rallies smartly after overnight setback The sensex rallied smartly during morning trading in line with a turnaround after the overnight sharp stocks setback on the Stock Exchange today (Mar 19, 2004) on buying by operators.
INTERNATIONAL London High Court asks BOI to pay $82 mn damages Public sector Bank of India (BOI) was today (Mar 19, 2004) ordered by London's High Court to pay a compensation of whopping $ 82 million for fraudulent transactions with a bank with Pakistani links that had collapsed in early 1990s.
India Inc, a hot subject among US Academia Impressed by the Indian economy emerging on the global scene and its ability to attract jobs, students and faculty members in the United States are increasingly involving themselves to understand the phenomenon and want to visit the country to study it at first hand.
Use market forces to curb outsourcing: Penn Governor Observing that protectionist measures will not help in retaining American jobs, the Governor of the US State of Pennsylvania Edward G Rendell has called for using the "power of incentives" to stop companies from outsourcing to countries like India.
