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INTERNATIONAL
India spiritedly refutes ‘protectionist’ charges
New Delhi: India rejected on Tuesday protectionist charges levelled by British whisky manufacturers who say they are being asked to pay duty of up to 700 per cent to get their products into the market.
Bahrain keen to attract foreign direct investment
Dubai: Bahrain plans to attract foreign direct investment (FDI) worth $800 million a year, particularly in the areas of information technology (IT), communications, education, tourism, healthcare and financial services.
TIBCO to aid e-commerce with Active Exchange
New York: Indian American founded TIBCO Software Inc, a leading provider
of total business integration solutions, has announced the general availability of TIBCO ActiveExchange (TM) 2.0, a new business-to-business (B2B) integration software product line.
Heavy duty puts Indo-British whisky trade on rocks
London: Relations between India and Britain's Scottish whisky producers are heading for the rocks following New Delhi's decision to increase the duty paid on all imported spirits.
US threatens retaliatory action on steel
Washington: The US has warned that anti-dumping measures would be imposed against the export of Indian steel if India continued to subsidise it. This is the second time this year the US Commerce Department has threatened retaliatory action against India.
NATIONAL
Fischler expounds EU agriculture policies
New Delhi: European Union (EU) Agriculture and Rural Development Commissioner Franz Fischler on Tuesday sought to clarify that EU agriculture policies are not geared to raise trade barriers or subsidise farmers but to foster their multi-functionality.
IT recession lowers Nasscom’s software exports
New Delhi: India's leading software industry lobby group, the National Association of Software and Service Companies (Nasscom), on Tuesday lowered the software export target for fiscal year 2001-02 in the wake of an economy slowdown in the US, India's prime software export destination.
Compudyne registers 308 per cent growth
Bangalore based Compudyne Winfosystems Ltd (CWL), has achieved a revenue of Rs 2625.73 lakhs for the year ended March 31, 2001 as against the corresponding previous year’s turnover of Rs 643.48 lakhs, registering a growth of 308 per cent.
Marketing bioinformatics to involve IT
Three Indian companies are forming a consortium, combining biotechnology domain expertise with hardware and software skills, to market services in bioinformatics to pharmaceutical companies in the US and Europe.
Indian Airlines is in red alert, reports ET
Bombay: Indian Airlines, one of the key privatisation targets of the Indian
government, is expected to record a loss of 2.5 billion rupees ($ 54 million) in the year to March 2002, the ‘Economic Times’ reported on Tuesday.
Cadila to acquire big stake in German Remedies
Ahmedabad: In a large merger and acquisition bid, Indian pharmaceutical major Zydus Cadila will acquire a controlling stake in multinational German Remedies Ltd for Rs 1.48 billion.
Bhutan project to be completed ahead of schedule
New Delhi: The state-owned National Hydroelectric Power Corporation (NHPC) is hoping to complete Bhutan's 60-megawatt (MW) Kurichu hydro project six months ahead of schedule, with the first of four generators commissioned way ahead of the September target.
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