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Sunday, June 08, 2003
Forex reserves cross $81b mark
MUMBAI, JUNE 7. India's foreign exchange reserves crossed the $81 billion mark following inflows of $513 million during the week ended May 30 to touch $81.329 billion in the reporting week, according to the Reserve Bank of India's weekly ...
European economies facing recession
BRUSSELS, JUNE 7.According to latest data released by the European Central Bank, the euro zone economy is contracting at an accelerated pace and "flirting with recession''. It is argued that the euro zone contraction is likely to push the ECB ...
Digital's 'end' is nostalgia time for Indian computer community
BANGALORE, JUNE 7. The official announcement from Mumbai today by Digital Globalsoft Ltd. that it would "combine with Hewlett Packard's India Software Organisation (ISO)" had been predicted by market watchers for a week now. But its actual ...
Brazil, India, South Africa form trade bloc
BRASILIA, JUNE 7. Brazil, India and South Africa have formed a trilateral bloc to boost trade and pool their political muscle in talks with rich nations. The new grouping follows soon after the G8 meeting of major industrial nations failed to ...
CII delegation for U.S.
NEW DELHI, JUNE 7.A core group of CII members will accompany Arun Jaitley, Minister for Commerce and Industry, who is leading an Indian business delegation to the U.S. The focus of the weeklong visit, beginning tomorrow, is to create an ...
India-Mercosur trade agreement to be signed soon
NEW DELHI, JUNE 7. India and the Mercosur group of countries in Latin America will sign a framework trade agreement later this month as a precursor to a preferential trading arrangement (PTA) and a free trade agreement (FTA). The agreement is ...
Revival in fortunes of CV sector
MUMBAI, JUNE 7. The revival in the fortunes of the commercial vehicles (CV) sector is a good sign not only for the CV manufacturers but also for the economy in general. Agricultural freight movement is higher than the industrial freight ...
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