NATIONAL World Bank to double loans to India at $3 bn yearly World Bank will double loan sanctions to India to about $ three billion annually during 2005-08, as the scope for funding has widened with the promises for poor in the Common Minimum Programme (CMP) of Government.
Inflation to come down in coming months: Lahiri Seeking to allay fears of spiralling price level, Government today (Jun 25, 2004) said inflation had gone up to 5.89 per cent due to seasonal factors and prices of essential items will come down in near future.
Tatas to open 150 'indiOne' Value Hotels in India Foraying into value hotels, Tatas today (June 25, 2004) launched "indiOne" and said it planned to invest Rs 1,500 crore in establishing 150 such hotels in India over the next five years.
BSE: Sensex extends gains, up by 48 points The Sensex extended its gains to second session following a smart stocks rally in an otherwise lacklustre activity at the Bombay Stock Exchange (BSE) today on fresh buying in derivatives on the first day of new contract.
Budget view: India Inc wants cut in EPF, savings rates Vehemently opposing Trade Unions' demand for hiking EPF (Employees Provident Fund) rates to 12 per cent, India Inc today (June 25) said small savings and provident fund rates need to be trimmed in the Budget, as artificially high rates was discouraging investments.
Major boost for India's case in WTO farm trade talks In a major victory for India, World Trade Organisation (WTO) Director General Suppachai Panitchpakdi today (June 25, 2004) said any deal to break the impasse in the contentious farm trade talks will have to take into account the "sensitivities of Indian agriculture".
Sensex moves erratically during morning trading The Sensex opened on a promising note and later moved erratically in lacklustre activity during morning trading on the Bombay Stock Exchange (BSE) today (June 25, 2004) in the absence of any follow-up support amidst net sales by Foreign Institutional Investors (FIIs).
INTERNATIONAL Xansa to close US office; double its staff in India Xansa, a leading computer services group, will double its staff in India to 4,000 over the next one-year after closing its loss-making businesses in the US and Europe, its chief executive Alistair Cox has said.
China accuses India of restrictive trade practices Notwithstanding the growing political ties, China has accused India, its biggest trade partner in South Asia, of carrying out restrictive trade practices, including technical barriers, opaque and complicated regulations and slapping anti-dumping duties on Chinese goods worth millions of Dollars.
CEOs pledge to fight corruption and graft in businesses Chief executive officers (CEOs) of corporations and companies from around the world have pledged to fight corruption and graft and to integrate environment and social concerns in business practices.
