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Cement continues uptrend despite war fears
New Delhi: The
cement industry has continued with its uptrend with all the major companies
registering a rise in production and despatch figures.
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Bengal
jute mill war reach nastier state
Kolkata: The suspension last
week of the regional provident fund commissioner and another official for the
sale of three jute mills over their provident fund dues has turned into a
battle between two groups of industry heavyweights.
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Debt raised
by AA, A corporates at 35.8%
New Delhi: The
amount of debt raised by entities rated AA and A by the Credit Rating
Information Services of India has significantly increased and also accounted
for a larger share of the total new debt issued in 2001-02.
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Postal dept
to distribute coins via post offices
Mumbai: In
a bid to overcome the acute shortage of coins in Maharashtra and Goa, the
postal services department has started distribution of coins of denomination of
Re 1, Rs 2 and Rs 5 through post offices in these areas.
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Govt
not to tinker with shareholder agreements
New Delhi: The central
government will not tinker with the shareholders agreements for
disinvestment deals despite the raging controversy on Tata-VSNL, Union Minister
for Disinvestment Arun Shourie said.
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Visas
put a spike in travel, tourism industry
New Delhi: The
decision of the British High Commission to temporary suspend issue of visas
from New Delhi has come as a shock to the domestic travel and tourism industry.
Also, reduced staff at certain foreign missions in New Delhi and Mumbai is
affecting visa processing. This reduction in staff follows the 31 May 2002
travel advisory about the heightened tensions between India and Pakistan.
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Software
companies worried as clients panic
New Delhi: With fears of an Indo-Pak war, the offshore-centric software
companies have started to feel the pinch, with prospective clients in the US
cancelling their visits to India. The US government is cautioning its citizens
to postpone their visit to the subcontinent, reports say.
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