Tatas, Hughes call off talks for basic merger
THE Tatas and the Hughes group that had announced in early August last that they were considering an alliance in basic telephony services, today said they have called off talks. Hughes Network Systems, shareholder in Hughes Tele.com, and Tata ...
International long-distance for domestic cos -- DoT prescribes Rs 25-cr entry fee
THE Government has opened up international long-distance (ILD) services to Indian companies with a net worth of Rs 25 crore, following the end of Videsh Sanchar Nigam Ltd 's (VSNL) monopoly in April 2002, as recommended by the Telecom Regulatory ...
70 paise kerosene price hike likely
THE Union Petroleum Minister, Mr Ram Naik, has hinted at the possibility of a hike in kerosene prices during the forthcoming Budget by around 70 paise to bring the subsidy at a level of 33 per cent of import parity price. This is in line with ...
PCOs don't hear rate-cut calls
WITH peak time STD rates falling by over 60 per cent from January 14, the consumer should be grinning from ear to ear. Well, not if he has to depend on the public call office (PCO) down the road. The offices of Bharat Sanchar Nigam Ltd (BSNL) ...
Modest hike in rail fares likely
A MODEST hike in rail passenger fares may be on the cards in the Rail Budget. The Railway Ministry on Tuesday made it clear to the Finance Ministry that it would be ``tough'' to impose a substantial hike in rail fares at one go to eliminate the ...
`Govt will offload stake to Suzuki if FIs spurn rights'
THE Government would offload its stake in Maruti Udyog Ltd. in favour of Suzuki Motor Corp. if financial institutions do not show keenness to participate in a proposed rights issue, the Union Heavy Industries Minister, Mr Manohar Joshi, has ...
Budget on February 28
THE Budget for 2002-03 will be presented on February 28 at the scheduled time of 11 AM, the Parliamentary Affairs Minister, Mr Pramod Mahajan, said here. Mr Mahajan told newspersons after a Cabinet meeting that the Railway Budget would be ...
Reliance Petro hedging plans
NEW DELHI: Reliance Petroleum Ltd has sought the Government's approval to hedge crude, domestic refinery margins and product inventory. Speaking to newspersons here, the RPL President, Mr P.M.S. Prasad, said, ``we have asked the Government ...
Indian Hotels meet on Jan 23
INDIAN Hotels Company Ltd (IHCL) has informed the BSE that a meeting of its board of directors is scheduled for January 23 to consider the company's quarterly result. The meeting may also examine a proposal on whether to amalgamate Asia ...
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