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Saturday, June 07, 2003
New norms for sale of telecom licences
NEW DELHI, JUNE 6. The Government today declared an upfront procedure for the sale of telecom licences, subject to certain conditions such as prohibiting transactions within a telecom circle. Companies going in for mergers, de-mergers and ...
India to restrict bilateral aid
NEW DELHI, JUNE 6. After prepaying about $3 billion to the World Bank and the Asian Development Bank, India has decided on early repayment of about $1.6 billion equivalent of bilateral debt during the current fiscal year. Also, bilateral aid ...
Oracle offers $5.1b for PeopleSoft
REDWOOD SHORES (CALIFORNIA), JUNE 6. Oracle Corp. is making a $5.1 billion cash offer to purchase rival business software maker PeopleSoft Inc., the company announced today. Oracle, the world's largest enterprise software company, was offering ...
No repo rate cut
MUMBAI, JUNE 6. The Reserve Bank of India today said there was no possibility of a repo rate cut till the monsoon and inflation situation becomes clearer. In a statement here, the RBI said there has been renewed market speculation on this ...
Pivotals lead rally in Sensex
MUMBAI, JUNE 6. Led by a sustained rally in the top heavyweight counters, the Sensex extended its gains to third straight session and ended above 3300-level on the Bombay Stock Exchange here today on fresh buying by operators as well as continued ...
MUMBAI, JUNE 6. The rupee strengthened against the U.S. currency today on the back of robust trade and capital inflows amidst renewed weakness of the dollar overseas, but ended off early peak, following late dollar shortcovering and possible ...
The services sector in the reform era
The performance of services sector has been impressive in the reform era. However, services can grow faster only if there is an industrial revival. In fact economic achievement over the term depends crucially on a distinct improvement in the working of the commodity producing sectors.
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