Business Briefs 17-05-2003

Jalan tips for Bengal Jessop selloff Vysya Bank net Novartis plan WTO talks

By The Telegraph Online in Calcutta
  • Published 16.05.03

Jalan tips for Bengal

Calcutta, May 16:Reserve Bank governor Bimal Jalan has asked Bengal to boost self-employment projects in the state and double the amount of loans disbursed to agriculture development schemes. Jalan, who met the chief minister today, said that 90,000 self-employment groups were currently operating in the state, but over a lakh more were needed.

Jessop selloff

Calcutta, May 16:The Centre has filed an appeal before a division bench of the Calcutta High Court against an earlier order nullifying the sale of Jessop & Co to Ruia Cotex Ltd.

Vysya Bank net

Bangalore, May 16:ING Vysya Bank today reported a net profit of Rs 86.35 crore for the fiscal 2002-2003, a 26 per cent jump over Rs 68.75 crore in the previous financial year.

Novartis plan

Mumbai, May 16:Novartis India Ltd’s board will consider a proposal to buy back its shares from the open market in its meeting on May 26.

WTO talks

New Delhi, May 16:India is seeking greater market access for environment-friendly products from developing countries in the ongoing WTO talks, minister of state for commerce Rajiv Pratap Rudy said.