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Monday, May 12, 2003

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High-value loan defaulters still stay off — One-time settlement plan to be extended
WITH high-value loan defaulters continuing to elude the recovery trap set for them against the backdrop of threat of action under the Securitisation Act, the one-time settlement (OTS) scheme for defaults up to Rs 10 crore is set to be extended by ... More

Infosys settles harassment suit for $3 m out-of-court
SOFTWARE major Infosys Technologies said on Sunday it has settled the sexual harassment lawsuit filed by Ms Reka Maximovitch, an ex-employee, against Mr Phaneesh Murthy, a former board member and head global sales, and the company, for $3 million ... More

ADS issue forced Infy's hands, says Phaneesh
INFOSYS was in a "hurry" to settle the sexual harassment suit as it was hindering its forthcoming sponsored ADS issue, former board member and head-global sales, Mr Phaneesh Murthy, who currently heads consultancy firm Primentor said. Speaking ... More

`Ready to match India's peace pace'
A "no war, no peace" position between India and Pakistan is no longer a viable option in Indo-Pak ties because such a situation "can always degenerate into absence of peace leading to war", Pakistan's foreign Minister, Mr Khurshid Mehmood Kasuri, ... More

Set-top box: Many queries unanswered
YOU are not the only one wondering what kind of set-top box (STB) to buy to see your favourite channels in the proposed conditional access system (CAS) regime. Even STB manufacturers themselves are at sea on what the months ahead hold for ... More

`No pressure for phone tariff review'
COMING as it does, close on the heels of the uproar in Parliament over Bharat Sanchar Nigam Ltd (BSNL) tariffs and the fact that the matter has been referred to the Prime Minister, doubts have been raised as to whether the decision to review the ... More

Corporates rush for dollar loans without forward cover
REPLACING high-cost rupee debt with low-cost dollar loans may be the flavour of the season for corporate India, but many companies are doing so without taking any forward cover against currency fluctuations. Though in the past few months, the ... More

`Musharraf will be involved in peace process, if necessary'
"India has realised that war is not an option to resolve Kashmir. Also, Pakistan's economic strength and economic sovereignty were on the mend. And, Pakistan could not be isolated despite India's relentless campaign on terrorism. Despite it accusing Pakistan of all kinds of crimes, it got elected as a non-permanent member of the Security Council with a resounding majority, getting 172 out of 182 votes." More

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