NEWS
COMMENTARY
INTERVIEWS
SPECIALS
CHAT

Did the gas leak occur in Sterlite or Ramesh Flowers?
Only the Tamil Nadu govt knows but, for some strange reason, it is keeping quiet.
... More

Rs 11 bn international finance for Reliance Petroleum
Largest project finance for Indian company in international market.
... More

TISCO threatens to shift Orissa project to Jamshedpur
Bid to avoid further delays in acquiring land for project.
... More

Anti-Cogentrix body urges cancellation of project
Company has failed to complete environmental impact assessment study.
... More

Kerala outfits call off 'bandhs' after high court judgment
Those who enforce 'bandhs' will be liable to pay compensation to the government and people.
... More

Delhi HC admits plea on Bailadila mines transfer case
The lease is worth only 10 weeks profit, contends petitioner
... More

AP to reform power sector to rope in Rs 500 billion
Institutions unwilling to invest unless sector is reformed.
... More

Peerless Shipping MD Gautam Sen held, remanded
Arrested on charges of violating FERA.
... More

Good corporate governance will enhance companies' image
Executives talk about the need for high standards in Indian corporations.
... More

Unions hold rally to protest against privatisation
Hawkers join in, flay state govt for their eviction.
... More

Bombay workers to protest against privatisation
Government's attitude increasing unemployment, claim trade unions.
... More

Maharashtra dy CM skips Enron debate yet again
Munde sites troubled political situation in state as reason for seeking his third postponement.
... More

July 21-25: Equity prices saw uptrend
FIIs continued to buy shares despite the political turmoil in Bihar.
... More

July '97 disastrous for primary market
Only Rs 30 million could be raised from the primary market through three public issues in July.
... More

Bill to set up insurance authority introduced in Lok Sabha
LIC, GIC will stay in the public sector, asserts Chidambaram.
... More

BSE set to double volume
BSE president, brokers welcome recommendations of the Varma committee.
... More

Japan offers Rs 40 bn loan to India
Japan-India centre to be set up to encourage business ties.
... More

Indo-Pak power deal will improve ties, says Pak minister
Selling Pakistan's surplus power to India will be great for South Asia, says Abida Hussain
... More

Only Kashmir: visitors throng scenic spots once again
Kashmiris too have been bitten by the traveller's bug.
... More

DTH ban temporary, says I&B Minister Reddy
Ban to stay until broadcast authority is set up, says Jaipal Reddy
... More

July 23: Sensex surges 65 points, crosses 4200 mark
The BSE sensitive index has continued to rise for the third consecutive day.
... More

Golden square mile Nariman Point loses glitter
Real estate prices in Bombay's central business district have crashed.
... More

Govt gives a major push to infrastructure development
At a meeting between the cabinet and industrialists, it is decided implement projects on a war footing.
... More

Govt can earn up to Rs 900 bn by privatising PSUs
A white paper by the Bombay Chamber of Commerce and Industry says privatisation can raise resources and create jobs.
... More

Pleas challenge the government's ban on direct-to-home broadcast
The government has a right to regulate the channels, not ban their entry, argue the petitioners.
... More

Panel on carry forward system seeks changes
The Varma committee recommends abolition of the twin-track system of segregating carry forward and delivery trades.
... More

Delhi HC adjourns Chidambaram case till Aug 19
New judge wants time to study the matter.
... More

India will be leading emerging market in the next decade
The country will have the fourth largest economy, say financial analysts.
... More

Chinese knowhow for small hydropower stations
Small hydroelectric plants are environment-friendly, cheap to set up, and efficient. They may be the answer to India's crying need for more power.
... More

Swamy's plea against Chidambaram put off till Tuesday
The Janata Party chief has alleged that the finance minister did not disclose his income truthfully.
... More

New companies bill likely in Parliament during monsoon session
The new bill is aimed at ensuring flexibility, greater corporate self-regulation and more effective enforcement.
... More

Tata small car to roll out by Sept '98
The model will challenge Maruti's domination in the small-car market.
... More

Assocham tells govt not to introduce money laundering bill
The draconian bill is against the business community and will hamper the growth of trade and industry.
... More

July 14-18: Markets suffer setback
The political turmoil at the Centre had its effect on the bourses.
... More

MSEB lacks funds to pick up stake in Enron
The state government need Rs 4.55 billion, and the international markets are extremely wary of long-term loans.
... More

Dept of Atomic Energy seeks funds to replicate reactor success story
A fast breeder test reactor can provide 35 times more power than the conventional reactors.
... More

Government bans direct-to-home TV service
The measure seeks to keep control over the nature and content of the programmes beamed to India, whether from within the country or from outside.
... More

MP rejects De Beers proposal to mine, prospect diamonds in state
The multinational's conditions were considered detrimental to the state, which now plans to hold open auctions.
... More

IMF warns India on risks of incomplete reforms
Further structural reforms needed to reduce poverty and sustain growth, says IMF.
... More

ICICI divesting 25% stake in ICICI Bank
Over 41 million shares at Rs 35 each will be issued.
... More

US curbs will boost indigenous research, says Mulayam
The US commerce department curbs on Indian firms for suspected proliferation is a blessing in disguise, says the defence minister.
... More

Police suppressing protests against Enron project, says Amnesty
Peaceful protestors, including women, have been beaten up, arbitrarily detained, and subject to various kinds of human right abuses, says an Amnesty report.
... More

The Sindhis of Ulhasnagar: from refugees to riches
As refugees, they flocked penniless to the military camp of Ulhasnagar 50 years ago. Today, their enterprise has turned this town into a bustling commercial centre.
... More

World Bank earmarks $1.52 bn for India
For fiscal 1997, India has received the third highest lending commitment by the World Bank.
... More

US seeks WTO's help on India's quantitative restrictions
The US wants India to phase out quantitative restrictions on 2,700 items and has asked the WTO settlement consultations to intervene.
... More

India prepares to grab chunk of defence exports
The government is set to push the defence public sector units into the international market to earn precious foreign exchange
... More

Ministerial group finalises report on money laundering bill
Government hopes to introduce bill during monsoon session of Parliament.
... More

Delhi HC notice to RBI, liquidators on Daewoo Finance plea
Daewoo Finance has challenged an order restricting their operations following the CRB scam.
... More

High executive salaries do not bode well for India
Salaries in India are rising faster than in China despite a lower growth rate.
... More

Privatise power transmission & distribution, say Goa industrialists
Setting up more power stations alone will not help the state's industrialisation.
... More

Cabinet panel approves futures trading in castor, cotton, jute
This will encourage the inflow of foreign funds in domestic commodity markets thereby widening its resource base.
... More

Mega projects delay cost Rs 1000 billion
The government is planning steps to hasten the completion of the projects.
... More

BSE approves fund for avoiding trade defaults
It will bridge the gap between risk management system and a trade guarantee fund.
... More

People power: Value for money
Professor Amartya Sen, arguably India's greatest economist, reflects on the state of the Indian economy.
... More

Orissa goes on an MoU-signing spree with US firms
Chief Minister Patnaik woos investors to his state.
... More

Deregulate oil industry immediately: survey
If this is done, Hindustan Petroleum and Bharat Petroleum may grow by leaps and bounds.
... More

New aviation draft will help Tata projects
The new aviation policy draft will help salvage the Tata-Singapore joint ventures in the Bangalore airport and the domestic airline.
... More

No scam in Indian Bank, says Chidambaram
The bank only has some non-performing assets, claims the finance minister.
... More

India's research labs: The Great Leap Forward
Whether you call it Manmohanomics or Chidambaramnomics, it has started working wonders for various public research institutions in India which are dependent upon funds from the Centre.
... More

Surveys kick up row over prohibition in Haryana
Forcing the media to kill a report which claimed that prohibition is futile, the Haryana chief minister tries to paint a rosy picture.
... More

US slaps export curbs on three Indian institutions
Washington fears that exports to Bhaba Atomic Research Centre, Indira Gandhi Centre for Atomic Research and Indian Rare Earths Limited would be diverted to proliferation-related activities.
... More

India protests against US export curbs on BEL
'' 'Mere protests' won't be enough. India will tap other sources if Washington is adamant,'' seems to be the mood in the ministry of external affairs.
... More

Back