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Wednesday, April 23, 2003
Steep drop in major banks' overseas profits
NEW DELHI, APRIL 22. Major banks including SBI, Bank of Baroda, Bank of India and Canara Bank, posted an overall 291 per cent fall in profits from foreign operations at $35.91 million in 2001-02, prompting a Parliamentary panel to strongly ...
Intel's India team to provide mobile chip solutions
BANGALORE, APRIL 22. Intel, the world's number one chipmaker is to put together a design team in India, the first in Asia, to provide mobile computing solutions around its recent `Centrino' technology. The Bangalore-based team initially numbering ...
SBI, ICICI Bank, BoB, OBC get nod to set up OBUs
NEW DELHI, APRIL 22.State Bank of India, ICICI Bank, Bank of Baroda and Oriental Bank of Commerce are all set to put up overseas banking units (OBUs) in special economic zones, expectedly from June this year. "We have signed ten applications ...
China tops in anti-dumping probes
NEW DELHI, APRIL 22. As many as 15 anti-dumping cases out of the total 30 investigations initiated during 2002-03 have been launched against China. This is disclosed in the annual report of the Directorate General of Anti-dumping and Allied ...
Mixed trend on BSE
MUMBAI, APRIL 22. Select second-line counters were in the limelight even as the Sensex ended in the negative terrain in a mixed pattern of trading on the Bombay Stock Exchange here today on fairly good purchases by foreign funds alternated by ...
Rupee scales new peak
MUMBAI, APRIL 22. Despite steady dollar demand from State-run banks, the rupee rallied smartly from early low to end at a new over 19-1/2-month peak against the U.S. currency today, backed by robust trade and corporate dollar inflows. In choppy ...
Enron Commission of Enquiry a non-starter
MUMBAI, APRIL 22.The Enron Commission of Enquiry into the Enron scandal in India has proved a non-starter although it is 18 months since the Maharashtra Government under the Chief Ministership of Vilasrao Deshmukh notified the Commission. The ...
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