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US-64 rides high on bail-out package
RIDING on news that the Government will bail it out, UTI's flagship scheme, Unit Scheme-64, today hit the 20 per cent upper circuit at Rs 7.15 a unit. At that price, the scrip was trading at a premium of nearly 18 per cent to its net asset value ...
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IFCI assets may go to lenders
THE bail-out package for IFCI Ltd is likely to involve a large-scale takeover by other banks and financial institutions of its critical liabilities. The takeover of liabilities would be balanced out by the transfer of equivalent amounts of IFCI's ...
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BSNL unveils CellOne; launch on Oct 2
IN what is expected to give the private cellular operators - Bharti, Hutchison and Idea Cellular a run for their money, telecom behemoth Bharat Sanchar Nigam Ltd today unveiled its countrywide cellular plans under the brandname ...
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Govt decides to encash bank guarantees of FM operators
THE Government has decided to encash the bank guarantees of private FM radio operators who did not meet the August 29 deadline for paying up their licence fees for Delhi, Chennai and Kolkata. Senior officials in the Information and Broadcasting ...
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DoT turns down TRAI plea for more powers
As the proposed Convergence Commission of India (CCI) will replace TRAI once the Convergence Bill is passed in Parliament, it has been decided not to tinker with the existing arrangement.
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Service tax row to blank out TV ads
THE stand-off between broadcasters and advertisers on the 5 per cent service tax issue has taken an interesting turn, with most of the big broadcasters switching off ads of the country's largest advertiser — Hindustan Lever Ltd. When ...
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Pepsi, Coke told to pay Rs 50,000 `on the rocks'
IN a further development to the controversy involving Pepsi India and Coca-Cola over the damage caused to the environment by painting their product ads on rocks, both the soft drink majors have been directed by the Supreme Court to deposit Rs ...
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Panel meet on Dabhol
THE co-ordination committee of the Democratic Front Government in Maharashtra met today to discuss the fate of the beleaguered Dabhol power project. According to sources, the Government committee is understood to have discussed the price at ...
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