Foreign hotel firms set sights on local market
International hotel companies including Starwood from Sheraton-Westin stable and capital funds such as Goldman Sachs and Apollo are exploring investment opportunities in hospitality industry in India.

Staff welfare expenses account for less than 1% of total income
A study of 125 major private sector companies, with sales above Rs 400 crore, reveal that staff welfare expenses account for less than 1 per cent of total income in 1998-99 at Rs 1,153 crore.

IFC may reschedule its loans to Pakistan
The International Finance Corporation (IFC), a World Bank affiliate, has asked its defaulter clients in Pakistan to start commercial operations as it is willing to reschedule and extend further financing to run these ventures.


  RBI must relax money supply to fund growth
  Maharashtra government to take re-look at power projects
  Indonesia to discuss Bank Bali report before publication
  RBI may vest liquidation powers in DICGC
  Centre to lace core sector with mega sops
  Economy to grow at over 6 per cent, says Narayanan
  Executive Briefing
  Offer more incentives to `clicks' and not `bricks'
  Banks must evolve new ways to finance e-trade
  Briefing