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Silver remains weak NEW DELHI, Nov 10: In thin trading, silver prices declined on the bullion market following reduced offtake in the face of adequate supply and closed . .......more IDBI
declares MUMBAI, Nov 10: IDBI-Principal Cash Management Fund- Liquid Option - dividend plan has declared an annualised tax-free dividend of 6.76 per cent .....more HC
asks UP to file ALLAHABAD, Nov 10: Allahabad High Court has directed Uttar Pradesh Government to file an affidavit giving details. .....more US
senator wants WASHINGTON, Nov 10: Legislation will be introduced in the US Senate on Tuesday to give President George W Bush new powers....more |
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Talks to salvage
multibn dollar Enron project in 3rd day SINGAPORE, Nov 10: Talks in Singapore to assess possible buyers for U.S-based Enron Corp.’s controlling stake in the troubled Dabhol Power company have been extended into an unscheduled third day, an Indian banking executive involved in the negotiations said today.........more Reliance Capital mutual SINGAPORE, Nov 10: Talks in Singapore to assess possible buyers for U.S-based Enron Corp.’s controlling stake in the troubled Dabhol Power company have been .......more MUMBAI, Nov 10: The Reserve Bank of India (RBI) will shortly issue new notes in the denomination....more First ever meeting NEW DELHI, Nov 10: The Ministry of Coal and Mines has convened the first ever meeting of the.....more |
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IDBI declares 6.76 pc dividend MUMBAI, Nov 10: IDBI-Principal Cash Management Fund- Liquid Option - dividend plan has declared an annualised tax-free dividend of 6.76 per cent (re 0.013 per cent) for the week ended November 9. The record date for the same is November 8, 2001, a company release said here today. (UNI) |
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HC asks UP to file affidavit on prevention of synth milk sale ALLAHABAD, Nov 10: Allahabad High Court has directed Uttar Pradesh Government to file an affidavit giving details of the actions it took to prevent sale of synthetic and adulerated milk in the state. A division bench comprising Justice B K Roy and Justice P K Jain yesterday also asked the Government to submit a reply to the allegations made by Dinesh Rai of human rights protection organisation that despite existing statutory provision in this regard, the Government failed to take any action to prevent the state-controlled milk dairies and other dairies in the state from using polythene bags to supply milk. Earlier, taking suo motu action in the matter, a two judges bench had directed the Government to stop the production and sale of synthetic milk in the state. The case will come up for hearing next on December 7. (PTI) |
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US senator wants Pakistan textile duties suspended WASHINGTON, Nov 10: Legislation will be introduced in the US Senate on Tuesday to give President George W Bush new powers to reduce or suspend US duties on Pakistan’s exports of textiles, a senator said. The Bush administration is in the midst of crafting a large trade and economic assistance package for Pakistan, largely to reward that country for its help in the US war in Afghanistan. Included in the package is US export-import bank financing for Pakistan’s oil, gas and aviation sectors, a bank spokeswoman said on Thursday. Sen Sam Brownback, a Kansas Republican, yesterday said he would introduce legislation on Tuesday to facilitate more Pakistani textile shipments to the United States. Last year it shipped 1.9 billion dollars in clothing and textile goods to the United States. In a statement, Brownback noted Pakistan is suffering "very real economic and social consequences" for helping in the US war effort in Afghanistan. "It would be a failure of united states’ foreign policy not to pursue the means of assisting our ally in its time of need," he added. The brownback legislation faces strong opposition from US lawmakers representing southern textile-producing states and a spirited lobbying campaign by the US textile and cotton industries. The legislation would give a boost to Pakistan’s textile industry, that industry has faced layoffs lately, in part due to the political turmoil in the aftermath of the September. 11 attacks on the Pentagon and World Trade Center. But the US textile industry argues it should not be a victim of Bush administration attempts to reward Pakistan for its cooperation in the war, especially since it has been suffering massive job losses in recent years. Carlos Moore, Executive Vice President of the American Textile Manufacturers Institute, yesterday said his organisation supported the export-import bank financing for Pakistan. It also supported loosening restrictions on the export of some Pakistani rugs and lifting a quota on cotton yarn from Pakistan, which he said was set to occur in March anyway. Moore suggested that US agencies purchase Pakistani textiles, quilts, coats, trousers and other products to distribute to Afghan refugees now in Pakistan. But he said his organization would continue to oppose a broader lifting of duties on Pakistan’s textiles. Administration officials met on Thursday at the White House to discuss the Pakistani aid package, according to industry sources. They said US officials were hoping to unveil at least some of the package by today, when Bush is expected to meet with Pakistani leaders at a United Nations meeting. White House officials were not available for comment on the meeting or to say what is under review for Pakistan. And a spokesman for brownback said he did not know whether the White House would support the senator’s bill. A US cotton industry source yesterday said the White House had been weighing legislation to give the president the authority to reduce or suspend duties on Pakistan’s textile shipments for one year. After that year, the President could either renew the action or let it lapse, the source said. (REUTERS) |
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Talks to salvage multibn dollar Enron project in 3rd day SINGAPORE, Nov 10: Talks in Singapore to assess possible buyers for U.S-based Enron Corp.’s controlling stake in the troubled Dabhol Power company have been extended into an unscheduled third day, an Indian banking executive involved in the negotiations said today. The two-day closed-door meeting - originally scheduled to wrap up yesterday - is focusing on two potential buyers of Houston-based Enron’s 65 per cent stake in the power company. Tata Power Co. And BSEs Ltd. - two of India’s largest private power companies - are the only contenders vying to buy Enron’s stake in Dabhol. "Talks will carry on today," said A.K. Doda, Executive Director of the Industrial Development Bank of India "it’s going to take a little more time." Senior Indian banking sources told Dow Jones newswire that the talks are "intense," but "positive," with negotiations continuing past midnight local time. Dabhol Managing Director K. Wade Cline, officials from both prospective buyers and a consortium of Indian lenders to the Dabhol project are involved in the talks.(AP) |
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Reliance Capital mutual fund declare dividend MUMBAI, Nov 10: Reliance capital mutual fund has declared dividend at the rate of 0.158 per cent per unit (Re. 0.0158 per unit in the hands of the investor) which is 8.24 per cent annualised in the weekly dividend option of the treasury plan of Reliance Liquid Fund. The record date for this dividend distribution was November 9, 2001, a release issued by the fund said here today.(UNI) |
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MUMBAI, Nov 10: The Reserve Bank of India (RBI) will shortly issue new notes in the denomination of Rs five in the Mahatma Gandhi series bearing his portrait in the watermark. According to a RBI release, the size of this new note will be same as the old notes, while the Ashoka Pillar watermark has been substituted with Gandhi’s portrait with light and shade effect. The watermark window will have multi-directional lines. A security thread has been totally embedded inside the note with the letters "Bharat" (in Hindi) and "RBI". The new note has been printed with offset process and the colour scheme would be predominantly green, the release stated. The Ashoka Pillar, which has been replaced by the Mahatma’s portrait in dark green, has been shifted and printed in a smaller size on the left side bottom corner of the note. The note will bear the RBI seal and signature of RBI Governor Dr Bimal Jalan. The Rs five notes issued earlier by the bank, which are in circulation, will also continue to be legal tender, the release added.(UNI) |
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First ever meeting of mining sector investors on Nov 12 NEW DELHI, Nov 10: The Ministry of Coal and Mines has convened the first ever meeting of the mining sector investors here on November 12 with the object of bringing greater transparency and encouraging more investment in this sector. According to an official release issued here today, Union Minister for Coal and Mines Ram Vilas Paswan will inaugurate the conference. Nearly 91 Chief Executive Officers of investor companies are expected to attend this mining conference. Apart from this, the tripartite meeting will be attended by the Secretaries in charge of mining and geology of the mineral bearing states, Environment and Forests, Commerce and Industry Ministries and Department of Atomic Energy.(UNI) |
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