India, Russia set to enter into multi-billion dollar defence JV
India and Russia are poised to move their bilateral defence relationship from a supplier-consumer framework to a new joint venture-based business partnership amounting to several billion dollars over the next few years.

Corporates take to FCNR borrowings
Foreign currency borrowing under the foreign currency non-resident deposits (FCNR) route has caught the fancy of corporates with the withdrawal of the exemption on payment of withholding tax on external commercial borrowings (ECBs).

JPC dissatisfied with working of Special Cell
The Joint Parliamentary Committee (JPC) was not satisfied with the working of the Special Cell created by the government to oversee and expedite investigations against those found guilty in the 1992 securities scandal.

CSFB faces FSA probe in London
International investment bank Credit Suisse First Boston (CSFB), whose securities arm has been temporarily barred in India from entering the trading ring by the Sebi, is now facing a probe here by financial services authority (FSA) over a possible breakdown in its compliance regime.

McDowell & Co plans Rs 50-cr brand promotion
McDowell & Co Ltd has allocated Rs 50 crore for advertising and promotional purposes for the year 2001- 2002. The company is also planning to launch a new variant of rose-flavoured gin under the Blue Riband umbrella.