Financial Express - India's leading business newspaper from the Indian Express Group

Rains may hit on time, to be less than normal

Monsoon is expected to arrive on time this year with the first showers set to touch the South Andaman seas by May 15 and Kerala coast by June 1.

Industrial production vaults to 8%

Spurt in the manufacturing sector pushed up industrial growth to 8 per cent in the last fiscal, against 3.9% in 1998-99. As per the quick estimates released here on Friday by the Central Statistical Organisation, the index of industrial production (IIP) grew by 8.6 per cent in March, against 4.4% in March 1999.

Dutch firm buys out Advanis' stake in ORG-MARG

The imbroglio clouding the issue of majority control in ORG-MARG has been finally resolved. In a close-door deal, the dutch publishing major VNU has bought out the Advani brothers' 50.2% stake for around $23 million.

Panel moots Rs 1cr fine for virus creators

The Parliamentary Standing Committee on Science and Technology has recommended a stiff fine of Rs 1 crore for launching virus attacks as against the upper limit of Rs 10 lakh recommended in the Information Technology Bill.

Telco plans new Sierra models to reverse fortunes

With a dip in sales of its multi-utility vehicles (MUVs), Tata Engineering is now gearing up to take the domestic market by storm by launching upgraded versions of its once popular MUV, Sierra, which has lost market share in recent months.