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Journalism of Courage
ACC, Ebara join hands
MUMBAI: ACC, the country8217;s leading cement producer, and Ebara Corporation, Japan8217;s largest environment engineering company, have signed a memorandum of understanding for implementation of environment-related projects in India. ACC8217;s agreement with Ebara will augment its own capacity as a supplier of environment management packages and focus in areas of water treatment, waste water treatment and solid waste management in industrial and municipal sectors with emphasis on zero emission8217;. The collaboration would also promote various zero emission technologies of Ebara in India.
SAARC Chamber team8217;s visit
MUMBAI: A SAARC Chamber of Commerce delegation, led by its president Kantikumar R Podar, has just returned from a trip of Bangladesh, Sri lanka and Maldives. In Dhaka, Podar met the Bangladesh Prime Minister Sheikh Hasina and discussed about the need to move quickly from SAPTA to SAFTA, third round of trade negotiations and to move towards a regime ofeconomicintegration.
The chamber also inaugurated the SAARC Construction Council to integrate the construction process not only in respective SAARC countries but also for undertaking projects outside SAARC. The team also participated in the second SAARC Trade Fair in Colombo. The delegation called on several ministers in Maldives.
New ED for Syndicate Bank
MUMBAI: J Y Divanji, general manager, Bank of India, has assumed charge as executive director of Syndicate Bank at its zonal office in Cuffe Parade, Mumbai. The government has appointed Divanji as executive director of the bank for a period from the date of his taking charge upto December 31, 2000.
UTI plan shelved
NEW DELHI: The finance ministry has shelved the Millennium scheme proposed by the Unit Trust of India to garner funds from non-resident Indians for investment in the stock markets and high-quality debt instruments. Thanks to the resounding success of the Resurgent India Bonds issue, quot;the UTI scheme will not be launched inthe current financial year,quot; said government sources. UTI, on its part, will re-examine the entire scheme. UTI chairman PS Subramanyam met finance minister Yashwant Sinha on Monday to discuss the scope of launching the Millennium scheme. Sinha is believed to have told the UTI chief that the ministry was not keen to pursue the scheme now.
