IT Update
World Bank regrets project loans to 6 banks Nearly five years after the approval of the $700 million financial sector development project (FSDP) loan to six public sector banks, an internal World Bank study has lambasted the project saying: "The initial objects of the project were overly vague and ambitious, the design was flawed... The initial audits were not of good quality and so was the selection of participating banks." BPCL may hike stake in Numaligarh to 51% The Bharat Petroleum Corporation (BPCL) is exploring the option of increasing its stake in the three-million-tonne Numaligarh refinery in Assam to 51% from 32%. The Rs 2,600-crore project is scheduled to be fully operational by end-May. Sensex heads for dive; Infy, Reliance to play the villain The stockmarkets are expected to resume their downard spiral on Monday, led by Reliance Industries and Infosys Technologies. Market players expect the pending sell orders in Reliance last week and the fall in Infosys ADRs last Friday to pull down major stocks to the lower circuit in the opening session on Monday. For drug firms, outsourcing is a pep pill India Pharma Inc, plagued by wafer-thin margins in the price control-raj, is increasingly outsourcing key components in the business chain -- largely production and pieces of research.
World Bank regrets project loans to 6 banks
BPCL may hike stake in Numaligarh to 51%
Sensex heads for dive; Infy, Reliance to play the villain
For drug firms, outsourcing is a pep pill