NATIONAL SEBI warns JM Morgan Stanley for technical lapses Securities and Exchange Board of India (SEBI) has warned BSE broker J M Morgan Stanley Retail Services Pvt Ltd for alleged technical lapses and asked it to be more diligent in future regarding their activities in the capital market.
Oil prices unlikely to fall despite rise in output Contrary to expectations, global oil prices, which have touched a 21-year high, are unlikely to fall substantially even if oil producing cartel OPEC (Organisation of Petroleum Exporting Countries) raises production, industry officials said today (June 3, 2004).
Himalaya Drug Company plans to add 500 outlets Bangalore-based Himalaya Drug Company on Wednesday (June 2, 2004) announced plans to increase its retail outlets in the country to 75 from 57 by the year-end. It also said that plans to add 500 outlets in the next few years.
FM hopes rush of investments within 10 months Emphasising on the United Progressive Alliance (UPA) Government's commitment to economic reforms, Finance Minister P Chidambaram today (Jun 3, 2004) said that the country is expected to "see a rush" of investments in next 10 months, especially in the power sector.
Anti-outsourcing bills are 'hero bills': Brudvig US lawmakers are gradually coming to terms with the issue of outsourcing, realising it was an irreversible global process, Economic Minister-Counsellor of the US Embassy in India, Lee Brudvig said today (Jun 3, 2004).
Fruits of reforms should reach a wide base: FM Union Finance Minister P Chidambaram told bankers that the reform process will continue and its fruits should reach as large a base as possible.
INTERNATIONAL 'Outsourcing' mars real estate business in the US Outsourcing of IT jobs, which is likely to continue to countries like India, has had an unexpected result-less demand for office space in the US and consequent slowing of American commercial real estate recovery, a media report said.
