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RBI
mulls minimum cap for foreign bank units |
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The
Reserve Bank of India will examine setting a threshold capitalisation
level for foreign banks seeking to opt for the 100 per cent
subsidiary route in the country, and will look at the practice
prevailing overseas for the purpose. |
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Merger
gets shareholders’ nod, claims HP |
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Hewlett-Packard Co chief executive Carly Fiorina on Tuesday
claimed a narrow victory after a bitterly fought shareholder
vote on the acquisition of Compaq Computer Corp, but dissident
board member Walter Hewlett refused to concede defeat. |
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Indian
lenders move HC on DPC assets |
| |
Indian
lenders of Dabhol Power Company, led by the Industrial Development
Bank of India, have moved the Mumbai High Court to stop US courts
getting authority to oversee distribution of Dabhol’s assets. |
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Novel
catering plans to bring more business to Railways |
| |
A
close-knit team of 28 persons is striving to wipe out the phrase—‘as
bad as railway food’ —from the dictionary of 113 lakh passengers
travelling in trains daily. And at the same time, trying to
earn profit for the fledgling Indian Railway Catering and Tourism
Corporation. |
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High
Court rejects ITDC sell-off petition |
| |
Taking
a cue from the Supreme Court judgment in the Balco case, the
Delhi High Court has dismissed two writ petitions filed by the
employees of India Tourism Development Corporation challenging
the disinvestment process of Lodhi Hotel and Qutab Hotel. |
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Andersen
asks workers to seek US Congress help |
| |
Arthur
Andersen LLP is asking its 28,000 US workers to write to Congress
and say they are being “emotionally and financially crippled”
by the company’s criminal indictment. |
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Accountants
count for a lot as Oscar voting ends |
| |
He’s
no best actor nominee like Russell Crowe or Will Smith. But
on Oscar night, Rick Rosas may just be the most nervous man
in Hollywood. |
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Huawei
targets $100 mn by 2005 |
| |
Chinese
telecom major Huawei Technologies India Pvt Ltd has set itself
an ambitious target of recording an income of $100 million per
year from fiscal 2005 onwards. |
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RBI
relaxes share issuance, pricing norms for pvt banks |
| |
The
Reserve Bank of India on Wednesday relaxed norms relating to
the issue and pricing of shares by private sector banks. |
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Rich
countries should liberalise access to their markets: Shourie
|
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India
has said that rich countries should liberalise access to their
markets ‘at the pace at which the poorer countries are being
required to provide access to foreign private capital’. |
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ONGC
may emerge as strong contender for HPCL and BPCL |
| |
Oil
and Natural Gas Corporation may emerge as one of the strong
contenders for centre’s stake in Hindustan Petroleum Corporation
Limited and Bharat Petroleum Corporation Limited, the two oil
PSUs to be put on block shortly.. |
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Enron
committed fraud, deceit: S&P |
| |
Standard
& Poor’s said on Wednesday that bankrupt energy trader Enron
Corp “committed multiple acts of deceit and fraud” on the credit
rating agency. |
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Blending
of ethanol with petrol extended across country |
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The
government has decided to extend the blending of five per cent
ethanol with petrol throughout the country in two phases, Petroleum
and Natural Gas Minister Ram Naik told the Lok Sabha on Wednesday.
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