Business & Economy

Bribery: Investigators chargesheet
senior central excise official

What is India News Service, Wednesday, 22 Sept 2004, 2000 hrs IST


The Central Bureau of Investigation has registered a case against Commissioner of Central Excise P K Ajwani for taking a bribe of Rs 60 lakh from a company.

Ajwani is Commissioner, Central Excise, Thane-II, Mumbai and Kota, Rajasthan. A CBI spokesman said that Ajwani had demanded a bribe of Rs 1.5 crore from Dying and Printing Mill of Vasai, Thane.

Amicable' settlement with Suzuki, MUL to play major role: The Government today got its way and reached a settlement with Suzuki Motor Corporation, which agreed to a major role for Maruti in manufacturing plants it is establishing in India.

Mulayam joins chorus against WB, ADB, Mckinsey men in Plan panel bodies: Uttar Pradesh Chief Minister Mulayam Singh Yadav on Tuesday supported the Left parties' objections to inclusion of experts from World Bank and other international agencies in various panels of the Planning Commission.

India, Pakistan plan oil ministers' meeting: The oil ministers of India and Pakistan will meet before the end of the year to discuss the Iran-Pakistan-India gas pipeline project, United News of India said on Tuesday.

Fatter pay, only for some: IT pros can expect fat pay hikes next year, but only if they have skills that are in demand.

India tops in US home textiles market: India has emerged as the top supplier in major product categories in the `cut-throat' US home textiles market, leaving erstwhile leaders such as China, Portugal, Brazil and Turkey to bite the dust.

High-tech jobs getting scarce in US: High technology workers in the US are still facing chronic unemployment and a serious job deficit despite an economic recovery declared three years ago.

First Indian to up headcount to 4,200: The firm plans to expand its ops by settting up facilities in Hyderabad, Mysore, Chennai and Mangalore.

Parry Agro drops rights issue: Parry Agro has informed the Bombay Stock Exchange that it has decided not to proceed with the rights issue.

India hot destination for US firms: On an average, 40 firms set up shop every month with B'lore, Pune, & Gurgaon being the hot spots.

Toll-free number for hotel info: Sarovar Park Plaza Hotels and Resorts has introduced a national toll-free number, according to a company press release.

Robert Bosch to make India hub for diesel distribution pumps: Bosch would consider making anti-lock braking systems in India if there was a demand for more than 5,00,000 units locally.
 
 
Overall:

Senior excise official got a chargesheet: Investigators say he asked for a bribe of Rs 60 lakh.

Suzuki conceded role for Maruti: The government got the Japanese auto major to take its Indian partner along in its new plans.

Indian excelled in US home textile market: It beat China and other competitors.