The Hindu : Thursday, June 27, 2002

Online edition of India's National Newspaper
Thursday, June 27, 2002

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WorldCom reveals accounting fraud
WASHINGTON, JUNE 26.In a fraud far bigger in money terms than Enron's misdeeds, the telecom giant WorldCom Inc. has revealed that its officials improperly accounted for $3.8 billion in expenses, a disclosure that threw share prices around the ...

Global stocks plunge
LONDON, JUNE 26.Stock markets in Europe and Asia went into virtual freefall today as news of yet another corporate scandal in the U.S. sent tremors reverberating around the globe, plunging equities ever closer to last September's lows. Across ...

Make exports national priority — HLL chief
MUMBAI, JUNE 26.India can double its exports growth rate to 20 per cent, adding 2 per cent to GDP growth rate annually and creating 70 million new jobs in the private organised sector over ten years, if it leverages its potential to become a ...

CII initiative to promote foreign investment
NEW DELHI, JUNE 26. Identifying foreign direct investment (FDI) as one of the key devices of growth, the Confederation of Indian Industry (CII) has embarked on a new initiative called the Invest India Services in its website to help encourage ...