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SARS Attack

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VSNL announces VRS scheme
MUMBAI, MAY 9.In a move to rationalise its workforce, Videsh Sanchar Nigam Ltd announced today a voluntary retirement scheme for its employees with "incentives for early birds.'' The aim is to downsize the total strength by more than half from ...
Honda Siel showcases third SUV
NEW DELHI, MAY 9.Honda Siel Cars India (HSCI) today showcased its third product for the Indian market — a sports utility vehicle (SUV) named `CR-V' — whose earlier versions have sold 12 lakh units annually since its launch eight years ...
Phone tariffs: It's PM's prerogative
NEW DELHI, MAY 9.The Communications Minister, Arun Shourie, said today the issue of making revisions in the new phone tariffs was the prerogative of the Prime Minister, Atal Behari Vajpayee, and the Deputy Prime Minister, L.K. Advani. Under ...
NRIs, PIOs can repatriate sale proceeds of immovable property
MUMBAI, MAY 9. The Reserve Bank of India today directed banks and authorised dealers in foreign exchange to allow repatriation of sale proceeds of immovable property in India acquired by non-resident Indians (NRIs) and persons of Indian origins ...
FINANCIAL SCENE
Monetary Policy — In the horns of a dilemma
The latest monetary measures — the lowering of the CRR and the Bank Rate — might have been anticipated. Their justification in the current context can be questioned both from a theoretical and practical standpoint.
Other Stories

  • Citigroup names new head for global equities division
  • Daikin to set up base in India
  • Eveready's revamp plan
  • K. R. Naik takes charge of MAIT
  • Enron to form new company
  • Occupancy levels of quality hotels up
  • Exporters allowed to set up warehouses abroad
  • GAIL's Dahej-Vijaipur pipeline project on schedule
  • GE Shipping's new building contract
  • SEBI asks bourses to amend listing norms
  • E. Asia to lose $28b if SARS continues — ADB


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