The Hindu Business Line : Wednesday, July 30, 2003

India Inc's IT spending below 1 pc of turnover — Usage steadily going up: Nasscom survey
INDIA may be an emerging software powerhouse, but annual spending by Indian companies on information technology remains low at less than 1 per cent of their turnover, according to a survey. The survey conducted by National Association of ... More

Board meets rescheduled as Mumbai braces for bandh
SEVERAL companies, top among them Reliance Industries, Colgate Palmolive and Tata Infomedia, have rescheduled board meetings set for Wednesday after the BJP, Shiv Sena and their associates called for a bandh that is likely to affect normal life ... More

Airlines rejig flight operations
BOTH Air-India and Indian Airlines as well as the private sector Jet Airways have rescheduled and combined some of their flights on Wednesday (July 30) in view of the proposed Mumbai bandh. Air-India has revised the departure timing of two of ... More

Subhash Chandra co gets closer to direct-to-home TV
THE Government has decided to give a letter of intent (LI) to the Subhash Chandra-promoted ASC Enterprises for setting up direct-to-home (DTH) services making it the first company to reach this stage. According to officials in the Information ... More

Govt okays equity to foreigners against payables
THE Government today further liberalised the terms and conditions for foreign equity participation in Indian companies by allowing Indian companies to issue shares to foreigners in lieu of payables, according to an official release. At present, ... More

Panel set up to roll out CAS smoothly
WITH just about a month to go before the CAS (conditional access system) comes into play, the Information and Broadcasting (I&B) Ministry has decided to set up an Implementation Committee to ensure a smooth rollout. The committee will comprise ... More

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