Airlines
British Airways launches new products, services
BRITISH Airways has launched a range of new products and services, including a fourth class cabin branded `World Traveller Plus' and a `lounge in the sky,' all part of a 600-million investment.
Jet Airways' comments sought
THE Department of Company Affairs (DCA) has called for comments from Jet Airways (India) Pvt Ltd to examine the violation of the Companies Act, 1956.
Banking and Finance
Select BSRBs get extension
IT'S finally a fresh lease of life for Banking Services Recruitment Boards (BSRBs), with the Government giving extension to some of these boards to function beyond the July 31 deadline stipulated for their closure. The July 31 closure date was mentioned
in the Finance Minister, Mr Yashwant Sinha's Union Budget speech for 2001-02.
AP co-op bank downs shutters
KRUSHI Co-Operative Urban Bank Ltd, one of the 76 urban co-operative banks in the city and Ranga Reddy districts zone, has closed down its office at Ranigunj owing to a serious mismatch of funds.
Breweries
Mallya may merge US brewery cos with BrewCo
THE UB group Chairman, Mr Vijay Mallya, may merge his personal brewery investments in the US with BrewCo, a recently floated domestic beer subsidiary. Mr Mallya's direct investments in the US beer industry is valued at around Rs 140 crore.
Commodities
7 pc rise in demand for gold in Q2
GOLD demand in India registered a seven per cent rise in the second quarter of the current year at 235.8 tonnes, according to the figures released by the World Gold Council.
Corporate
Tata Chemicals board proposes buyback up to 15%
THE board of Tata Chemicals Ltd (TCL) has recommended a buyback of up to 15 per cent of the company's share capital, an official statement said.
Dow Jones' arm plan on hold
A PROPOSAL by media house Dow Jones Company Inc, US, to set up a wholly-owned subsidiary in India has been put on hold with the Government seeking more details on the proposed investment and plans.
Tata Engg scales down rights issue offer to Rs 979 cr
TATA Engineering has reduced the size of funds to be raised through its proposed rights issue from the earlier Rs 1,228-1,382 crore, to about Rs 978.65 crore.
Hearing on LIC suit in Modi Rubber case adjourned
THE Mumbai High Court has adjourned the hearing in the matter of Life Insurance Corporation's (LIC) suit in the Modi Rubber open offer case to August 18.
Courts
SC dismisses writ against Jayalalitha
NEW DELHI: The Supreme Court on Monday dismissed a writ petition accusing the Tamil Nadu Chief Minister, Ms J. Jayalalithaa, of foisting false cases against her perceived adversaries.
Krishna Waters: SC notice to Centre, States
NEW DELHI: The Supreme Court on Monday issued notices to the Centre and the States of Andhra Pradesh and Maharashtra on an application by the Karnataka Government seeking a direction to Andhra Pradesh not to use the surplus waters of the Krishna while im
plementing its two irrigation projects -- the Telgu-Ganga and the Srisailam left bank canal.
Economy
Children replace husband as focal point in woman's life
TODAY'S woman wants to stay out of the kitchen, all her aspirations are driven from the needs of children, states a study by FCB Ulka.
Foreign Trade
Unrealised export proceeds worry RBI
THE Reserve Bank of India is concerned about the huge amount of unrealised export proceeds.
New-look export policy aims at 12 pc growth rate
A COMPREHENSIVE medium-term export policy which is in the offing aims to improve export growth rates to at least 12 per cent, Dr H.A.C. Prasad, Economic Adviser, Ministry of Commerce, has said.
Infrastructure
Bangalore-Mysore expressway project gets `green' signal
THE Bangalore-Mysore Infrastructure Corridor Project promoted by the Kalyani group has received the environmental clearance from the Centre. The project was formalised with the State Government in February 1995.
Mutual Funds
US-64 to be linked to NAV by Nov
UTI'S Unit Scheme-1964 (US-64) will be linked to the net asset value (NAV) by November 2001, about two months earlier than the scheduled date of January 2002. Unit Trust of India (UTI) will also make a complete portfolio disclosure of the scheme by that
time, according to the UTI Chairman, Mr M. Damodaran.
JPC to question UTI top brass on US-64
THE Joint Parliamentary Committee (JPC) will shoot a fresh set of questions to the Unit Trust of India's top functionaries shortly in view of the enlarged scope of its probe into the scam and the UTI's involvement.
PSU
DoD refers 4 PSUs to divestment panel
THE Disinvestment Commission headed by Dr R.H. Patil seems to be back in business, with the Department of Disinvestment (DoD) referring four public sector companies to it for a review of the status on disinvestment.
Policy
K.K. Usha to head CEGAT
NEW DELHI:The Government has appointed Ms K.K. Usha, retired Chief Justice of the Kerala High Court, as President of the Customs Excise and Gold (Control) Appellate Tribunal (CEGAT).
States
West Bengal seeks time for Plan finalisation
THE Annual Plan size of West Bengal for the current fiscal year, which was have to have been fixed early this month, could not be done as the State sought more time to come out with a credible financing plan as the Ministry of Finance is reported to hav
e entertained doubts about the one indicated by the State Plan officials.
I-Day security checks
Independence Day is here. While police undertake security checks in Hyderabad, children are out on Bangalore roads to sell the national flag.
CDR launches emergency care in Hyderabad
HYDERABAD: CDR Hospital here has launched emergency care (Emcare) services through the Six Sigma-based patient-centric methodologies such as accurate and early diagnosis, prompt attention of consultants and treatment and lower cost of service.
Corporates to fight child labour in AP
HYDERABAD: Twenty five business associations and three State-level federations of employers have decided to form a consortium and work together for the elimination of child labour in the State, according to Mr M.P. Joseph, Manager of the International La
bour Organisation's (ILO) AP Project for the Elimination of Child Labour.
Stocks
SEBI tells DSE to disband four panels
THE Securities and Exchange Board of India (SEBI) has issued a fiat to the elected Directors of the Delhi Stock Exchange (DSE) to disband four committees, which do not comply with the norms laid down by the regulator and violates the exchange's Articles
of Association.
Cochin SE, Asianet Satellite ink deal
ASIANET Satellite Communications has signed an MoU with Cochin Stock Exchange Ltd which will enable the brokers and clients of the exchange to trade directly online on the Net through the Asianet cable network connection.
Telecommunications
SC stays all PILs against cellular licence bids
THE Supreme Court today stayed all further proceedings of public interest petitions pending in the high courts of Madras and Delhi challenging the finalisation of bids for grant of cellular telephone licences for various cities.
Textiles
Synthetic textile exports decline by 11 per cent
EXPORTS of synthetic and rayon textiles declined by 11 per cent in April and May during this fiscal.
