The Hindu Business Line : Wednesday, September 03, 2003

Cabinet clears package for BSNL — Licence fee, spectrum charges worth Rs 2,500 cr waived
IN what should bring temporary relief to telecom behemoth Bharat Sanchar Nigam Ltd (BSNL), the Union Cabinet has approved a proposal to waive its licence fee and spectrum charges amounting to Rs 2,500 crore for this fiscal and extend the ... More

VSNL to focus on new biz models
GROWING competition and falling revenue from the existing business have prompted Videsh Sanchar Nigam Ltd (VSNL) to work out new business models, Mr Ratan Tata, Chairman of VSNL, told shareholders today. Mr Tata said the company would have to ... More

Volkswagen may locate plant in Vizag SEZ
THE German automotive major Volkswagen AG, which is in the process of identifying a place to locate a greenfield automobile plant in India, has zeroed in on the special economic zone (SEZ) coming up near Visakhapatnam city in Andhra ... More

Royal Philips may invest $150 m more in Indian arm
ROYAL Philips Electronics, the parent of Philips India, is likely to bring in fresh investments topping $150 million in the next few years to renew its products thrust in the Indian market as it holds promise for greater sales among Asian peers, ... More

Mallya's petition to review order on Herbertsons rejected
THE Securities Appellate Tribunal on Tuesday threw out a petition filed by Mr Vijay Mallya and United Breweries Holdings Ltd (UB Holdings) to review its previous order dated August 1 directing Mr Kishore Chhabria to make an open offer to buy 20 ... More

Cotton growers may have reasons to smile — Bangla, Indonesia look to source Indian produce
COTTON growers in the country have a reason to smile about this season. International shippers have now turned their attention towards Indian cotton to source them abroad. The visibly good projections of domestic production have attracted them. ... More

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