May 24 2001

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Thursday May 24 2001 \| Updated 0013 hrs IST 1343 EST
Breaking News \| Top stories \| New Economy \| Companies \| Infrastructure \| Economy \| Finance \| Commodities \| Markets \| World \| Politics \| Editorial \| Currency
BREAKING NEWS
Lead Stories
Centre to avoid dispute with Maha on Enron
MNC stocks on upswing as open offers mount
Solvay to invest in Duphar’s pharma unit
FIs seek easier universal banking norms
US stocks fall in midday trade
Nation
FIs seek easier universal banking norms
Corporate
ABB to buy out ally’s stake in Lenzohm
Solvay to invest in Duphar’s pharma unit
Markets
US stocks fall in midday trade
Foreign
Jesse Jackson accuses Toyota of racist ads
US Senate approves $1.35t tax cut package
Ford looks for replacements after recalls


Top Stories
Air-India boss Mascarenhas suspended over Welcome
Andy unplugged: Bad advertising works
New Economy
SET to come with a price now
Sega to play games with Indian tales
Cisco keeps layoff cards close to heart
Broadcast Worldwide to divest 3.25% to Crombie
'4th licence bid to throw up new models'
Worldwide bookings for semiconductors drop by 74%
China seminconductor market to cross $26b
IBM pushes for wireless access in all its products
A wireless world that will run into cross wires
CA beats Street, but doubts linger
Trigyn Tech FY-01 net loss at Rs 1.55cr
ETT launches operations in India
Bharti Cellular launches SMS chat facility
Zee Telefilms scouts for strategic partner
Babiesrus, Amazon launch co-branded baby store
TCS to invest more in West Bengal
LG-EDS scouting for alliance with Indian IT cos
Companies
Samsung to pump $150m into India units
Branded apparel sales to top Rs 6,000 cr in 2 yrs
Sony leader in flat CTV market with 59% share
BPL draws up strategy to win 20% of CTV market
Wockhardt expands marketing alliance with Bayer Pharma
Tanishq explores small towns for premium jewellery
Emami to storm 20,000 beauty parlours with herbal power
Fiat to roll out new version of Uno
Henkel takes its ‘Fa’ range to men’s world
DGP Hinoday aims at 30% growth
IOC-BP alliance may be extended to refining consultancy
IOC launches servo in Sri Lanka
Sterlite plea for lifting suspension rejected
GM wants to import CBUs after QRs go
Finance
ICICI to offload 7% in Bank
Centre asked for Rs 464cr to revive Madhavpura bank
Royal Sundaram introduces Accident Security Plan
ICICI to launch Index Bonds
ICICI Bank-BoM systems integration by Sept 2001
ICICI Webtrade logs Rs 5.2 crore loss
Calls down at 7.25%
RBI shows discomfort in clearing IEFL
PSB privatisation receives public approval
Markets
Past buybacks fail to revive stock prices
Sebi goes back to I-T dept to fill vacancies
Court sanctions attachment of defaulting brokers' property
JPC hauls Sebi for delay in ’98 scam report
Raval, Kar Sebi nominees on SEs
Infrastructure
Railways falter on dividend payment to govt
IFC to extend loan for ICML’s coal mining project
Power output limps back to normalcy at Neyveli Corp
Steel cos plan pacts to contain export loss
Customs strike hits JNPT container movement
Currency
Rupee ends firmer, forwards ease on call
Euro hurt by data, shrugs off European Central Bank decision
Commodities
Govt not to reduce import duty on edible oils
Silver’s rally continues, gold skids
Brent erases losses as US supplies fall
Lukewarm response for wheat tender
Sugar output pegged at 18.2 mt
Coffee majors urge Vietnam to hold on to 60,000t stocks
Fire at Andhra mango yard may affect prices
Flavoured ginger oil tech developed
Economy
Indian FDI crawls at -2% in 1996-2000
Drought to hit GDP growth in '00-01: Sinha
Shift in policy proposed for sell-off advisors for PSUs
Govt notifies new Press Council for 3-year term
Corporate India is all set to climb Great Wall
Quality control post-QR worries parliamentary panel
DCA gives listed cos ballot route for effecting changes
Government to directly select advisors for PSU equity sale
A hardliner charts up plans to make Bengal a industrial hub
Biotechnology sector likely to attaract huge funds
India signs pact with Bahrain to boost IT ties
Godbole does a Mamata; quits, then back
'Govt should take a stand & stand by it'
Comments not on behalf of Maharashtra govt: Pawar
Enron renegotiation meet called off
Is Pawar playing power politics with Enron?
TRAI seeks views on CPP regime
Pak not to grant MFN status to India
World
Continental, Ford in talks on Explorer tyres
J&J; agrees to buy Inverness unit for $1.3b
Turbulence hits Australia’s aviation babies
Boeing-BAE JV to tap $5-b global military tanker mkt
Ford to recall 13m Firestone tyres
Bridgestone seen badly bruised
Goodyear plans cuts
Credit curve to steepen further
ING posts 11% rise in Q1 net, beats forecast
Fed to slow pace of rate cuts: Economist
Fuji Heavy's net dips 28% on falling Europe sales
More reforms needed at IMF, World Bank: US
Goldman Sachs to cut 12% investment bank staff
ECB leaves interest rates unchanged
Matsushita, Hitachi announce alliance
Lufthansa pilots call off strike after arbitrator called
Enron pulls out of venture drilling in Qatar's waters
Shaw, PG&E; to build power plant in Arizona
Japan's Sumitomo Chemical to buy Aventis unit
Politics
Magna Carta on national security released
Kashmir ceasefire called off, Musharraf invited
Taliban decree brings large-scale protests
Hike export subsidy for farmers, Naidu tells PM
US sanctions against India to go, Pakistan to remain
BMS says no to confrontation against govt
All’s fair: Clean or cosmetic?
No Lakhmen, please, we are Congmen
Editorial
Riding the brand wagon
Equality before Sebi
Lift the ban
Indian IT & Japan’s i-mode
Through the third eye
Index funds best bet for the small investor
US investment banks under siege from multiple quarters
The civilized market
Taxing patience

I n d i a ' s N o 1 B u s i n e s s N e w s p a p e r