Financial Daily from THE HINDU group of publications
Tuesday, January 28, 2003
Markets (Jan. 27)
BL 2501089.13 (-20.58)
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Dollar (Buy/Sell)47.86/47.99
Gold Std(10gm)5960 (+90)

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Centre to shed balance equity in VSNL
EXACTLY a year after the successful disinvestment of international long-distance major Videsh Sanchar Nigam Ltd (VSNL) in favour of the Tata group, the Government has decided to shed its remaining stake of 26 per cent in the company. According ... More

Mittals hiking stake in Bharti TeleVentures
THE promoters of the Bharti TeleVentures are in the process of pumping in around Rs 25 crore ($5 million) to increase their stake in the company by picking up equity shares from the secondary market through the groups' foreign outfit, ... More

Mobile handset producers seek cut in sales tax
THE Indian Cellular Association (ICA), the representative body of cellular handset manufacturers and distributors in the country, has appealed to the State Government to bring down the sales tax on the handsets to four per cent from the ... More

Telecom tariffs have stabilised: Minister
THE churning process in telecom tariffs has almost come to an end. " The rates have more or less stabilised now", the Minister of State for Communication and Information Technology, Dr Sanjay Paswan, told newspersons here. Among other ... More

`Telecom tariff war not healthy'
THE tariff war happening in the telecom industry is not healthy for the telecom industry, said Mr Ratan Tata, Non-Executive Chairman, Tata group, on the sidelines of a press conference here today. Mr Tata suggested that quality of service and ... More

BSNL to offer add-ons free — Some good news for subscribers
IT is not all bad news for landline subscribers who will be forced to pay higher rentals and tariffs starting April. There is some good news too. Telecom behemoth Bharat Sanchar Nigam Ltd (BSNL) which has a near-monopoly across the country, has ... More

  • Phone tariff hike flayed
  • BPL Mobile's top scorer offer

    FINANCIAL PERFORMANCE


    GTL Q3 net falls to Rs 21.18 cr
    GTL Ltd has posted a net profit of Rs 21.18 crore for the third quarter ended December 31, 2002, against Rs 28.77 crore during the corresponding quarter last year. The company recorded net sales of Rs 141.24 crore for the quarter, compared to ... More

    SOFTWARE


    Bristlecone India centre takes off
    BRISTLECONE, a US-based company which provides supply chain management solutions, has announced the launch of its Indian operations. The company is making an investment of Rs 3 crore in the Indian centre, which will have 25 engineers to start ... More

    ALLIANCES & JOINT VENTURES


    Satyam, IBM Lotus alliance
    HYDERABAD: Satyam Computer Services Ltd has announced its continued partnership with IBM that combines the technological expertise of Satyam with IBM Lotus enterprise offerings through tested offshore delivery model. Under this ... More

    PRIVACY


    Celebrities & the taxman
    DEATH and taxes are two things that are too certain. But celebrities and politicians belong to a different class — they never really `die', nor are their tax affairs truly transparent. Almost universally, we have reconciled to the fact that ... More

    TRENDS


    Lower pricing, costlier hires — Software services margins pressured
    "Contract employees, who come at a higher price level than the regular hires and strategic recruitments, would continue to keep the margins squeezed for the next few quarters''. More

    NEW PRODUCTS & SERVICES


    Hutchison launches GPRS services
    MUMBAI: The Hutchison group on Monday launched GPRS services across its cellular operations in the country, starting with a Cricket World Cup video clip service. The Hutchinson Essar group's cellular operations include the circles of ... More
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    Lower pricing, costlier hires — Software services margins pressured

    Corpn Bank cuts rates on home loans

    Will RBI run out of G-secs to offload?

    `No need to fix safeguard duty on edible oils'

    Bush tax plan a stimulus only for the super-rich

    Moving up the IT value chain

    In Focus
    Kelkar Report
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Tax Talk
    Industry Analysis
    Economy - A Perspective
    2002: A drought year
    Gold: Still the winner?
    Books and Reviews
    Looking back
    Jan. 19-Jan. 25
    `We can emerge as base for hardware outsourcing' — Govt must support product design, development, says MAIT chief

    DoT rejects TRAI directive on VOIP quality standards

    Call US, Canada at Re 1 per minute!

    BSNL rural cellular foray a hit

    Data Access willing to buy out foreign partner


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