The Hindu Business Line : Tuesday, February 26, 2002

DCA seeks details about Hutchison equity pattern
The department's attention has been drawn to the fact that despite sticking to the 49 per cent FDI cap in telecom, the Hong Kong-based company has managed to acquire management control indirectly through a "complex financial engineering exercise''. More

Reliance Comm signs long-distance licence
RELIANCE Communications Ltd has signed a licence agreement with the Department of Telecommunications (DoT) for international long-distance (ILD) services, which is being opened up for competition starting April 1. This makes it the first ... More

Channels plan B-Day gimmicks
OPINION polls, a visit to Hazaribagh, panel discussion with experts are just a few tricks television channels plan to pull out to attract more viewership on Budget day. For business news channel - CNBC India - Budget is the big day. The ... More

Mitsui pulls out of race for SCI stake
THE Japan-based Mitsui O.S.K. Lines, a strong contender for acquiring a controlling stake in Shipping Corporation of India (SCI), has withdrawn its expression of interest (EoI) in a move that has surprised the Government and the ... More

Re hits new low in volatile trade
THE rupee closed weak at a new all-time low ending at 48.79/8050 per dollar, around 3 paise lower as compared to Friday's close at 48.7750 in a volatile forex market today. After opening the day with a wide quote at 48.78/80, the currency ... More

UP to take time to get a `hung' of it
WITH counting in two seats being suspended on account of suspected irregularities, the Samajwadi Party has consolidated its position in the 403-member Uttar Pradesh Assembly, registering a tally of 143 seats. With allies contributing another ... More

Ahead of time
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