Airlines
IATA learning centre proposed
THE Government and the International Air Transport Association (IATA) have proposed several projects including the setting up an IATA learning centre and the opening of cargo operations in the country.
IA reschedules some services
INDIAN Airlines has rescheduled some of its services to operate to revised timings in view of operation of additional flights between Calicut and Sharjah.
Automobiles
Yamaha renames Indian subsidiary; proposes to rev up sales
YAMAHA Motor Company of Japan has renamed its wholly-owned Indian subsidiary Yamaha Motor India Pvt Ltd, after buying out the entire equity holding of the Escorts group in the erstwhile joint venture Yamaha Motor Escorts Ltd.
Banking and Finance
No consensus yet on IFCI recap
THE Government and IDBI, the principal shareholder of the beleaguered financial institution, IFCI, are yet to evolve a consensus on the issue of its recapitalisation, despite one more round of discussions on Tuesday.
Commodities
Panel for deregulation of commodity boards
A high-powered committee set up to undertake an in-depth study of the functioning of commodity boards has recommended that these boards will have to move away from controls to complete deregulation and their emphasis should shift from mere development an
d production to competitiveness.
Corporate
Bombay Dyeing, Britannia plan to buyback shares
TWO Nusli Wadia group companies have decided to implement a share buyback programme. Britannia Industries Ltd (BIL) and The Bombay Dyeing & Manufacturing Co Ltd today in notices to the stock exchanges said that the boards of the two companies will meet o
n Thursday, June 14 to consider a proposal for buyback of the companies' shares.
BAT keen to hike stake in VST
PROVIDING an interesting twist to the battle for acquisition of VST Industries Ltd, its principal stakeholder and foreign collaborator -- British American Tobacco Plc (BAT) -- has sought the support of VST board for hiking its holding in the company.
Reliance Petro to hike capacity
RELIANCE Petroleum Ltd (RPL) today announced its plans to increase its refining capacity from the existing 27 million tonnes per annum.
Shell may begin talks again for Nocil stake
SHELL Group is expected to start negotiations again with the Mafatlals and financial institutions for picking up 76 per cent stake in National Organic Chemical Industries Ltd (Nocil) shortly.
Economy
Industrial growth in April plunges to 2.7%
CONTINUING its downward trend, industrial production in the first month of the current fiscal (April 2001) has registered a growth of 2.7 per cent, as against 6.5 per cent in the previous year. This is even lower than the 4.7 per cent growth recorded in
April 1999.
Advisory committee on WTO favours national consensus
THE country should evolve a national consensus on WTO issues in the run-up to the forthcoming Fourth Ministerial Conference of the World Trade Organisation (WTO) scheduled to be held at Doha in Qatar in November, the Union Minister of Commerce and Indust
ry, Mr Murasoli Maran, said on Tuesday.
To boost credit offtake -- Banks, FIs urge Govt to invest in core sector
BANKS and financial institutions have made out a strong case to get public investment going again by the Government, especially in key infrastructure sectors, in a bid to ensure that it boosts credit offtake.
Environment
Coimbatore city turns eco-friendly
IN a move that would please the non-smokers and environmental buffs, the Coimbatore Municipal Corporation (CMC) has decided to ban smoking in offices and public places under its control, making it probably the first civic body in the State to resort to s
uch a move.
Health
Sinha discharged
NEW DELHI: The Finance Minister, Mr Yashwant Sinha, who underwent a successful laser surgery for his kidney ailment at a hospital in Boston in the United States, has been discharged and is recuperating at his son's residence there, official sources said.
-- Our Bureau
Call to improve Third World health care
THE 3-day international conference on Reproductive Health Commodity Crisis organised by Partners in Population and Development and the Union Government has got off here on Tuesday with a call to evolve common strategies and solutions to ensure that devel
oping countries have access to essential medicines and other health care products.
Information Technology
Italy too smitten by India's IT power
SVILUPPO Italia, the Italian national development agency for the Mezzogiomo and other less developed areas in Italy, has invited Indian IT companies to invest in the country.
Infrastructure
Primary education for all -- Azim Premji Foundation, ties up with Karnataka
THE Karnataka Government today signed an MoU with the Azim Premji Foundation to ensure education for every child in the State, universal education for all.
Mutual Funds
US-64 out of favour with banks
SOME banks have removed UTI's Unit Scheme-64 (US-64) from the list of approved securities for providing loan against securities under their respective schemes. US-64, the largest mutual fund scheme and considered as a sovereign security with highest safe
ty some time ago, has been included among a host of now lesser-known infotech companies by Citibank. Some have increased the margin cover to protect their portfolio.
PSU
Singareni stalemate continues
THE stand-off between the management of the Singareni Collieries Company Ltd, the State Government on one side and the coal miners continued on Tuesday with the workers' unions refraining from resuming work from Saturday last.
MMTC to exploit bulk handling expertise
THE super star trading house and State trading company, MMTC, is all set to leverage its core competence in supply-chain management focussing particularly on bulk handling of minerals and materials of export and import.
Politics
Prime Minister attends to routine work
The Prime Minister, Mr A.B. Vajpayee, attending to routine work while recuperating at the Breach Candy Hospital in Mumbai on Tuesday.
Power
High Court keeps MSEB petition in abeyance
THE Mumbai High Court today kept in abeyance proceedings on MSEB's petition against Enron before the Maharashtra Electricity Regulatory Commission (MERC) till the matter is disposed of by it.
States
AP plans escort support team to hasten industrialisation
HAVING earmarked Rs 100 crore in the 2001-2002 Budget to create an Industrial Infrastructure Development Fund (IIDF), the Andhra Pradesh Government is working up a slew of initiatives, including a pro-active escort support team, to speed up industrialisa
tion and new infrastructure projects.
Stocks
I am a seller at Rs 100 per share: Arun Bajoria
MR Arun Bajoria, the jute baron, will seriously consider selling his Bombay Dyeing shares in response to the buyback move if the price offered is at least Rs 100 per Rs 10 scrip. Currently, the scrip is quoting at Rs 40-41.
Stock scam JPC to expand scope
THE Joint Parliamentary Committee (JPC) probing into the stock scam has decided that the events which took place in the capital markets in last few years and which preceded the stock prices crash in March this year will also be under the committee's scru
tiny.
Transport
BHEL develops electronic governing system for Rlys
BHARAT Heavy Electricals Ltd (BHEL) has indigenously designed and developed an electronic governing system for installation in diesel electric locomotives of the Indian Railways. The new, cost-effective device will not only save precious petro-fuel but a
lso substantially reduce pollution by cutting down emission from these locomotives.
