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Business & Economy
India, Pakistan announce
joint business council
What is India News Service, Monday, 18 April 2005,
1400 hrs IST
India and Pakistan on Sunday announced
a number of trade measures, such as revival of the joint commission on
economic issues, establishing a joint business council and discussions on the
possibility of opening traditional transit routes to boost bilateral and
regional trade.
The two sides also agreed to operationalise the
rail link between Munnabao in Rajasthan and Khokrapar in Sindh by the end of
this year.
On the second day of his visit to the country,
the Pakistani President, General Pervez Musharraf, held wide-ranging discussions
with the Prime Minister, Dr Manmohan Singh, at Hyderabad House.
Punjab gains from world
economy: Doaba
region of the Punjab, besides pockets of Haryana, Delhi, and states with high
number of non-resident Indians are reaping rich dividend from the booming world
economy as the remittances in these regions have gone up manifold.
Learn from China,
advises Infosys chief: The
chairman and chief mentor of Infosys Technologies Limited, Mr N.R.
Narayanamurthy believes re-deploying people from agriculture sector to
construction and manufacturing sectors will help accelerate growth.
India's
large population is a liability: Infosys chief: India's
large population can become a liability rather than an advantage as limited
progress in human resources development has been made so far, Infosys chairman
N.R. Narayana Murthy has said.
Profit margins of PSUs on the rise: For all the talk about public sector oil
companies losing money on subsidised sale of kerosene, LPG and diesel, thanks to
oil prices, the PSUs as a class are not doing all that badly.
TRAI
order to result in churn of customers: VSNL:
Internet Gateway and service provider Videsh Sanchar Nigam Ltd (VSNL)
fears a churn in customers following a Telecom Regulatory Authority of India (TRAI)
order to co-locate clients routers on its premises and has requested the
regulator to provide a level-playing field.
Now,
insurance sector to outsource data management: After banks, stock exchanges
and the like, it is now the turn of the insurance sector to outsource data
management.
April may not record flurry of FII activity: The collective sigh of relief
about positive FII inflows in March may have been a case of `speaking too soon',
if indications about future inflows are anything to go by.
RINL
to raise Rs 2,500 cr to fund expansion \97 Keen to form jt ventures:
Rashtriya Ispat Nigam Ltd, which runs the Visakhapatnam Steel Plant, proposes to
raise debt of Rs 2,500 crore from the market.
Vijaya
Bank slaps notice on Tulip Star: State-owned
Vijaya Bank said today that its Rs 20-crore term loan to Ajit Kerkar-controlled
Tulip Hospitality Services Ltd has become a non-performing asset and the company
had allegedly tried to change or transfer the management without consent.
Business papers
Business Standard
Economic Times
Business Line
Financial Express
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