The Hindu Business Line : Wednesday, May 14, 2003

BSNL, MTNL roll back phone tariffs partially
BOWING to political pressure, both Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have partially rolled back their landline tariff rates including free-calls that would cause them a revenue loss of Rs 3,616 crore in the ... More

Cos Bill moots penalties to protect investors
TO protect the interests of investors and to ensure that India Inc follows the provisions of the Law, the Companies (Amendment) Bill, 2003 has proposed for further tightening the penalty provisions. The Bill envisages penalties for a company ... More

Foreign cigarette packs not exempt from `skull & bones'
EFFORTS to gradually stub out tobacco consumption in India will not spare internationally-popular tobacco labels such as Marlboro, Benson & Hedges, Camel or 555 that sell in the Indian market. They too will be required to sport the ... More

`REC lending is unsustainable' — Disinvestment panel warns of threat to operations
The worsening financial situation of the SEBs must at some stage lead to a situation where fresh disbursements fall short of repayments. This would trigger a default by the SEBs on their dues to REC hurting in the process the latter's own cash flows. More

Reliance Info eyes US market for data services
RELIANCE Infocomm Ltd is planning to take its broadband and data services to the US, specifically, once its enterprise and consumer netways are rolled out in India. These netways plan to connect millions of commercial buildings as individual ... More

Calcutta HC sets aside notice against Mallya
A DIVISION Bench of Calcutta High Court comprising Mr Justice D.K. Seth and Mr Justice R.N. Sinha set aside a notice issued by the Asst. Commissioner -- Investigation Circle 4 (1) Calcutta U/s 154 of the I.T. Act, 1961 dated January 9, 1996 ... More

Panel `pained' at spurious fertlisers sale
The panel called for a study group to look into this problem and suggest measures including reviews and amendments of extant Act so that miscreants were dealt with sternly. More

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