The Hindu Business Line : Wednesday, April 23, 2003

`Junk calls' leave mobile subscribers seething
IF you are a mobile subscriber, looking forward to the "free-incoming calls regime" starting May 1, here is some bad news. Even though incoming calls will be no longer be billed for airtime, your blood is likely to boil every time you receive a ... More

Supply pinch: Toyota-Kirloskar, Kinetic Engg halt production
TOYOTA-KIRLOSKAR Motor Company and Kinetic Engineering became the first victims of the nine-day-old truckers' strike, with both companies shutting down their factories. While TVS Motor Company has decided to stop production from Wednesday, ... More

IPCL clocks 135 pc rise in net; to pay Rs 2.25
"We are delighted with the complete turnaround in IPCL's performance in the very first year of acquisition by Reliance," says Mr Mukesh Ambani, Chairman. More

Tata SSL merged with Tata Steel
TATA SSL Ltd has been amalgamated with Tata Steel. The companies have filed with Registrar of Companies, Maharashtra, certified copies of the Bombay High Court orders approving the merger. Accordingly, TSSL stands dissolved without winding up ... More

IRDA may be armed with adjudication powers
THE Insurance Regulatory and Development Authority (IRDA) could soon be armed with powers of adjudication to enable it to directly intervene in disputes and enforce its penal powers. The powers would be on lines of similar one available to ... More

IFCI ratings downgraded to junk status
RATING agency, CARE, has downgraded Industrial Finance Corporation of India's (IFCI) long-term and medium-term debt ratings to junk status. While the agency has retained the `CARE BB' rating on the fixed deposit programme of the financial ... More

Cabinet to decide on FDI caps today
THE Union Cabinet is expected to meet on Wednesday to ratify the decisions taken by the Group of Ministers (GoM) on increasing the foreign direct investment (FDI) cap applicable for five sectors, namely petroleum and natural gas, Internet ... More

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