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Friday, April 09, 2004
Banks can attach properties of defaulters
NEW DELHI, APRIL 8. The Supreme Court on Thursday upheld the constitutional validity of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act under which banks and financial institutions were empowered ...
Industry, institutions hail verdict
NEW DELHIMUMBAI, APRIL 8.APRIL 8. The Indian industry today welcomed the Supreme Court verdict upholding the constitutional validity of the Securitisation Act. Hailing the quashing of Section 17(2) envisaging deposit of 75 per cent of loans while ...
Infosys forms U.S. consulting subsidiary
BANGALORE, APRIL 8. IT services company, Infosys Technologies, has set up a fully-owned U.S. consulting subsidiary, Infosys Consulting Inc., in Texas with an initial investment of $20 million, and plans to put together `a dream team', the ...
Court notice to Yashwant Sinha
PATNA, APRIL 8.The Patna High Court today issued notices to the External Affairs Minister, Yashwant Sinha, among others in connection with the Unit Trust of India scam. The division bench of the Chief Justice, R. S. Dhawan and S. K. Singh, ...
Sensex rebounds in volatile trading
MUMBAI, APRIL 8.In volatile activity, share prices cut short two-day losing streak and lifted the sensex up by 23.32 points to close at 5838.45 on the Bombay Stock Exchange today on sustained buying by foreign funds as well as operators. ONGC was ...
Nokia, Idea in $24 m deal
NEW DELHI, APRIL 8. Nokia and Idea Cellular have signed a $24 million agreement for the supply of Nokia GSM/GPRS network equipment and multimedia services nationwide in India. The project is scheduled for completion before the end of the ...
Sundaram Honda wins award
CHENNAI: Sundaram Honda, Chennai, a unit of Sundaram Motors, was adjudged No. 1 dealer in its category among dealers for Honda Cars in India for 2003. The contest among dealers took into consideration customer satisfaction parameters apart from ...
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