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INTERNATIONAL
MicroStrategy scales down plans to sell stocks
Washington: Reacting to concerns raised by employees, the Indian American co-founder of Virginia-based MicroStrategy Inc has decided to scale down plans to sell millions of dollars worth of his company's stock.
NATIONAL
Govt review of disinvestment policy ruled out
New Delhi: Ruling out a review of the disinvestment policy, Disinvestment
Minister Arun Shourie on Friday said the government would stick to the "strategic sale" route even as the option to go to the market was available to the public sectors firms lined up for disinvestment.
India’s retail industry to touch $ 300 bn by 2010: CII
New Delhi: India's retail industry is expected to touch a market size of
$300 billion by 2010 if it continues to expand by six to seven per cent a year, according to a Confederation of Indian Industry (CII)-McKinsey report.
Sensex closes marginally higher on FII buying
Mumbai: Share prices on the Bombay Stock Exchange (BSE) closed marginally
up on Friday on foreign institutional investor interest in bluechip technology and cement stocks, dealers said.
Govt gives SEBI free hand on issue of short sales
New Delhi: The Finance Ministry on Friday virtually gave a free hand to the
Securities and Exchange Board of India (SEBI) on the issue of short selling.
French fries pure vegetarian, says McDonald India
New Delhi: McDonald's India, a wholly owned subsidiary of the U.S. fast
food giant McDonald's Corp., asserted on Friday that french fries served in the country are "100 per cent" vegetarian.
Major TV channels get MRTPC notice for fee hike
New Delhi: Seven major television channels including STAR TV, Sony and Zee
Television have been issued notices by the Monopolies and Restrictive Trade
Practices Commission (MRTPC) for alleged arbitrary hiking of subscribers'
fees.
Tata commissions latest e-server from IBM
Chennai: Tata Consultancy Services (TCS) today commissioned the latest 64-
bit z-series e-server from IBM, becoming the first organisation in ASEAN and South East Asia region to acquire the latest technology in mainframe computing.
NHAI to raise Rs 36 bn via tax-free public bonds
New Delhi: The state-owned National Highway Authority of India (NHAI) will
soon come out with another round of tax-free bonds to raise funds even as it is looking to get around $ 800 million from international agencies for the national highway development programme.
India-Croatia signs pact on bilateral investment
New Delhi: India and Croatia on Friday signed a Bilateral Investment Promotion and Protection Agreement, which asserts the principles of Most Favoured Nation (MFN) and National Treatment.
India keen to invest in Russian newsprint industry
Moscow: India has expressed interest in investing in the Russian industry for
newsprint, a major item in India's import basket for decades.
Enron envoys to meet Maharashtra govt next week
Mumbai: Representatives of US power major Enron Corporation and the
Maharashtra government will have a preliminary meeting next week to discuss the renegotiation of the power purchase agreement (PPA) between its subsidiary, the Dabhol Power Company (DPC) and the state electricity board.
WB okays $ 450 mn loan for India's power grid
Washington: The World Bank has approved a loan of $ 450 million for India's second power grid system, marking a departure from its practice of disallowing such infrastructure projects in the wake of the nuclear-related economic sanctions.
Kerala stages impressive show in Arabian fair
Dubai: Kerala, one of the most popular tourist destinations in India, had a strong presence in the Arab world's largest travel fair in a bid to further increase tourist traffic from this region.
Poor traffic forces AAI to close 4 Guj airports
Gandhinagar: The Airports Authority of India (AAI) has decided in principle to close down the airports in Gujarat's Surat, Kandla, Keshod and Deesa owing to lack of passenger traffic due to which it is incurring huge losses, according to officials.
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