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INTERNATIONAL
ADB evolves action plan to fight corruption
Manila: An action plan to help Asian nations battle corruption was completed at a recent Asian Development Bank (ADB) meeting and will be offered to interested countries, the bank said.
NATIONAL
Leading Mumbai industrialist, 3 others in CBI net
New Delhi: The Central Bureau of Investigation (CBI) on Wednesday filed charges
against a leading Mumbai-based industrialist and his son for cheating banks and
against two bank mangers for illegally extending credit facilities to the tune of Rs 43.10 million.
Enron fallout, Nasdaq dip sends BSE nose diving
Bombay: Stocks on the Bombay Stock Exchange (BSE) lost 2.1 per cent on Wednesday, following a fall in the Nasdaq and the shutdown of Enron Power Corp's power project, brokers said. The 30-stock BSE sensitive index was down 80.03 points to close trade at 3,662.04 points.
India to sign MoU with Canada for power devp
Toronto: India's Power Minister Suresh Prabhu is likely to sign a memorandum of understanding (MoU) with Canada for a 75 million Canadian dollar investment in power development on his visit to the country next week.
Raheja’s, Outlook, Shopper’s Stop in I-T net
Mumbai: Tax officials have begun assessing properties belonging to the Mumbai-
based Raheja group of industries to look into unaccounted income of its
companies.
Australia cos urged to foray into Indian markets
Sydney: Australian companies are being urged to invest with increased vigor in the Indian economy following a thaw in bilateral ties, which had suffered a setback after the May 1998 nuclear explosions.
India moving up the value chain, says Nasdaq
Bangalore: Moving up in the value chain, India is becoming a global powerhouse, according to world's premier Stock Exchange, Nasdaq.
Fall in coffee prices puts Coorg planters in the dock
Kodagu: Coffee planter Kushalappa Ramesh, one of India's top rally drivers, has been forced to put the brakes on his passion for motor sports after a plunge in coffee prices left him stranded in debt.
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