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Business Briefs

CEOs against rate rise

New Delhi, Oct. 1: India Inc feels that the Reserve Bank (RBI) should not raise the interest rate further. According to a poll conducted by CII, 69 per cent of the CEOs surveyed said the central bank should maintain interest rates at the present level to keep the growth momentum on track since the credit growth rate is over 30 per cent.

Wheat export

New Delhi, Oct. 1: The International Food Policy Research Institute said India could end up becoming a wheat exporter in the next 3-4 years due to focussed attention and higher acreage for the crop.

3G spectrum

New Delhi, Oct. 1: Traiís recommendations on spectrum allocation to start next generation 3G mobile services was supported by rival CDMA players. The recommendations are consistent with the fair and transparent manner for allocating the scarce spectrum, the CDMA Development Group said.

Nissan plan

Tokyo, Oct. 1: Nissan Motor plans to move some of its manufacturing operations to Japan from North America as part of its efforts to improve profitability, the Nihon Keizai business daily said today.

Weak PSUs

New Delhi, Oct. 1: State-run airline Indian, Konkan Railways and Railtel are among the 89 under-performing public sector companies that may be referred to the Board for Reconstruction of Public Sector Enterprises (BRPSE) for examination.


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