Financial Daily from THE HINDU group of publications
Friday, May 30, 2003
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Duty on set-top boxes cut to 5 pc
PROVIDING signals that the conditional access system (CAS) may be on course despite the growing concern among powerful political circles and within the industry, the Government on Thursday slashed the basic customs duty on set-top boxes (STBs) to ... More

Duty cut on STB's: Advantage customers, but doubts persist
THE Finance Ministry's notification on a temporary reduction in basic customs duty on set-top boxes (STB) to five per cent from around 50 per cent has been met with guarded enthusiasm among multi-system operators (MSOs) and broadcasters here. ... More

Better product-mix takes Tata Steel net up 394 pc
TATA Iron and Steel Company Ltd (Tata Steel) on Thursday reported a 394 per cent rise in net profit to Rs 1,012.31 crore for fiscal 2002-2003, a year of good steel prices, as against the previous corresponding Rs 204.90 crore. Its board ... More

Iranian co agrees to sell stake — Decks cleared for MFL sell-off
THE decks have been cleared for the Government to proceed with the disinvestment in Madras Fertilizers Ltd with the foreign partner, National Iranian Oil Company, also agreeing to sell its stake in the company along with the Centre. In a ... More

India may open talks with Iraq to collect old dues
THE Government is expected to begin talks with Iraq to recover about $1.7 billion (of which about $800 million is yet to be unacknowledged as debt by Iraq) billed to that country by Indian project exporters about two decades ago, as soon as the ... More

VSNL net down 44 pc on lower tariffs
LOWER international settlement rates and ILD tariffs have continued to hammer down revenues and profit for Videsh Sanchar Nigam Ltd. The company has reported a 36.6 per cent fall in net profit for the fourth quarter, and a 44.5 per cent fall in ... More

Pension scheme not for pvt insurance cos
CONCERN over the subsidy bill has forced the Government to decide to keep in abeyance the demands of private life insurance companies to participate in the assured returns pension scheme for senior citizens — the Varishtha Pension Bima ... More


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