India at WTO talks
What is India News
Service, July 30, 2004, 1700 hrs IST
In a battle that lasted
well over 24 hours with heavyweights from United States and the
European Union, Commerce Minister Kamal Nath emerged triumphant on
Thursday, scoring unprecedented gains for India in WTO
He ensured that there is freedom for government to protect its key
farm products from import penetration. He said that India needs
special attention on special products because of survival of over
600 million subsistence-level farmers.
Reduce internet charges, says Maran: The information technology minister said the increased use of broadband would accelerate the penetration of the internet
usage in the country.
Bank merger discussed: In meetings in Hyderabad and Mumbai, the
board of directors of IDBI and IDBI Bank decided to accord
in-principle approval for merger.
Net video phone lets you see as you speak:
Six months from now, Rs 15,000 may buy you a video telephone that
allows you to call anywhere in the world \97 at cheap Internet rates
\97 and see the person you are speaking to, in sharp, CD-quality
to expand Mumbai refinery: In a bid to take its place among the
leading oil companies, the public sector Bharat Petroleum
Corporation Limited (BPCL), which has already reached the Fortune
500 list, is set to expand its flagship Mumbai refinery.
Equities forge ahead: After a brief two-day pause, the market on
Thursday rallied smartly, ending up by 50 points at close.
sheds 15 paise: Breaching the crucial 46.40-dollar barrier, the
rupee today slumped to a 13-month closing low of 46.46/47 a dollar,
pulled down by sustained hectic month-end dollar demand.
Crude prices at new high:
Crude oil shot to new highs on Wednesday, hitting $43 a barrel in
New York, as markets reacted to a threat by Russian authorities to
shut down most of the production from that country's largest oil
plans offshore fund: Mutual
Fund plans to launch an offshore fund worth $50 million, which would
offer equity and debt schemes.
Satyam partners OATSystems: Satyam Computer Services has
partnered with OATSystems to provide comprehensive radio frequency
identification devices based solutions to its customers.
notes to be issued: The Reserve Bank of India will be issuing Rs.
20 denomination bank notes with inset letter 'A' in both numbering
panels in the Mahatma Gandhi series. These notes will bear the
signature of Y. V. Reddy, Governor.
LG gets BSI certification: LG Electronics India has received the
occupational health and safety management system 18001:1999
certification from the British Standard Institution (BSI),
to target defence forces overseas:
Ashok Leyland Ltd hopes to tap defence forces in other countries to
sell its vehicles.
cuts lead to dip in HLLs profits: Deep price cuts on key
products such as detergents and shampoos, not quite made up by
volume growth, has had a hand in the 43 per cent drop in Hindustan
Lever's profits for the June quarter.
Flying on JRD\92s dream, A-I to expand:
Air-India intends to have a 70-plus fleet in the next couple of years to place the national carrier among the top international airlines of the world.
Teledensity rises by 7.02%: The increasing share of mobile phones as also higher contribution of private sector to incremental growth have been cited as reasons for this rise in teledensity.
withdrawal limit to be raised: Union Finance Minister P
Chidambaram said the Rs 10,000 withdrawal limit fixed on depositors of Global Trust Bank (GTB) is likely to be enhanced
Reliance plans to do a Wal-Mart in India:
India's Rs 22,500 crore retailing industry is set to witness a
tectonic shift \97 Reliance Industries is leaping into the industry
with a vengeance. If all goes well, the group\92s retail venture
could one day wind up being India\92s equivalent of Wal-Mart.
Sensex up 50 pts at close:
Buoyed by yesterday's strong close, the Sensex today resumed with a
positive gap of 15 points at 5,135. Strong gains in most of the
counters saw the market remain firm in the opening session. Buying
gained momentum in mid-noon trades as a sharp rally in select
heavyweight, auto, cement and other old economy stocks lifted the
index to an intra-day high of 5,201.
triumphed at WTO meet: The
commerce minister ensured that there is freedom for government to
protect its key farm products from import penetration.
internet prices, said Maran: IT and Communications
Minister Dayanidhi Maran stressed the need to bring down internet
charges in the country, through acceleration of broadband
said it would introduce new Rs 20 note: They will have
the letter `A' in both numbering panels and will be released in the
Mahatma Gandhi series.