Reforms at our own pace, says Sinha
THE Government today struck a defiant note over the downgrading of India's sovereign rating by international rating agencies, Standard and Poor's and Moody's, with the Finance Minister, Mr Yashwant Sinha, declaring that the Government would pursue econom ic reforms ``at our own pace.''

Citibank goes for single management set-up
CITIBANK India has restructured its management set-up. The bank today said it has simplified its management structure and moved towards a singular reporting system for its corporate and consumer banking businesses. Earlier, these businesses operated inde pendently reporting directly to the region's functional heads.

Frequent flying babus to become extinct
THE frequent flying plans of many a babu in Raisina Hill have been grounded with the Government deciding to dispense with the practice of holding negotiations pertaining to World Bank-funded projects in Washington.

Hunt for new heads at National, Oriental Insurance
THE Government has begun searching for replacements of chairmen for two of the public sector insurance companies who are due to retire during the course of this year.

UB demerges brewery biz as BrewCo
THE board of United Breweries Ltd today approved the demerger of its brewery business into a separate entity called BrewCo, effective August 1.

DD may end up with a dented coffer
LAST year could have been one of the best for Doordarshan, but the public broadcaster is not set to score a double whammy.

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