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INTERNATIONAL
DPC lenders want Enron to pull out of India
London: Lenders to the Dabhol Power Project have made a strong bid to steer its parent company Enron away from India, where it has seen a lot of controversy to more profitable areas of business.
Emirates Airline to ban smoking on board
Dubai: In what could be a trendsetter for other airlines, Emirates Airline has decided to introduce a total no-smoking policy on all its flights from August 1.
NATIONAL
Committee flays India's privatisation policy
New Delhi: An all-party Parliamentary Committee has lashed out at the Indian government for its "inconsistent" disinvestment programme.
MTNL disinvestment to be completed by year-end
New Delhi: The process of divestment of the government's equity in state-run telecom company Mahanagar Telephone Nigam Ltd. (MTNL) is likely to be completed by end of the current financial year as part of government's 2001-02 target to raise Rs 120 billion through the disinvestment process.
Slow economy hits passenger car sales
New Delhi: India's passenger car sales fell 11 per cent to 65,107 units in March from 73,089 in the same month last year as a slowing economy deterred buyers, a leading car association said on Tuesday.
BSE marks another day of dull trading
Mumbai: End of trade buying lifted stocks 0.1 per cent on the Bombay Stock Exchange (BSE) on Tuesday, brokers said.
India to be Tecumseh’s Asian export hub
New Delhi: Tecumseh India, a wholly owned subsidiar of the US based global compressor manufacturing major Tecumseh Products Company, has decided to make India its hub for exports of refrigeration and air-conditioning compressors to the Asian region.
Dinesh Puri to head Cambridge Technology, India
Bangalore: Dinesh Puri has been appointed as vice-president and managing director of Cambridge Technology Partners, India. He will be based in Bangalore and also oversee Cambridge’s operations in the Indian Ocean rim countries.
IA board abolishes 5 posts of directors
New Delhi: The Board of Directors of Indian Airlines has abolished five posts of Directors with immediate effect.
‘Tainted’ IA bidders unlikely to be disqualified
New Delhi: The so-called "tainted" bidders for picking up 26 per cent stake in the state-run domestic carrier Indian Airlines (IA) are unlikely to be disqualified from bidding on legal or technical grounds.
'Boost Indo-US trade, teach China a lesson'
Washington: A leading conservative think tank, calling on the US to strongly cultivate India as a counterweight to China, has called on the Bush administration to weigh measures to punish Beijing over its "belligerent stance".
Slack reforms hurt India’s financial system
New Delhi: India seems to have been rather tardy in refurbishing its financial structures that have remained vulnerable to manipulation and fraud over the last decade and longer.
US insurance firm to set up unit in Gujarat
Ahmedabad: Max New York Life Insurance Company Ltd. (MNYL) plans to create
a regional hub in Gujarat's principal city of Ahmedabad.
3 banks face Rs 538 million loss in gold imports
New Delhi: The State Bank of India (SBI), Bank of India (BOI) and Standard Chartered Bank (SCB) are together facing a loss of Rs 538 million due to non-realisation of pay orders issued by some co-operative banks in Ahmedabad for bullion traders.
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