The Hindu Business Line : Thursday, October 23, 2003

Long distance call rates may become cheaper — TRAI decides to cut access deficit charges
THE Telecom Regulatory Authority of India (TRAI) has decided to reduce the access deficit charge (ADC) component for long distance calls in the revised interconnection usage charge (IUC) regime that is to be introduced shortly. This could lead ... More

Corporates train their guns on listing clause
IT is not always easy to please India Inc. A day after the Union Cabinet decided to withdraw the Companies (Amendment) Bill 2003, the corporate sector is now pushing for "automatic" withdrawal of the amended Clause 49 of the Listing Agreement ... More

Tata Motors is `preferred bidder' for Daewoo unit
TATA Motors Ltd today informed the BSE that it has been selected as the `preferred bidder' for acquiring Daewoo Commercial Vehicle Company Ltd (DWCV) in Korea. This places the Indian company as the top contender to own DWCV, the commercial ... More

SriLankan keen on more flights to India
THE move to allow domestic scheduled private airlines to fly to Sri Lanka is not going to end up as a one-way traffic. In a swift response, the national airlines of Sri Lanka - SriLankan Airlines - has decided to lap up the fresh ... More

Bajaj Auto clocks 46 pc increase in Q2 net
BAJAJ Auto Ltd (BAL) has reported a 46.51 per cent rise in net profit for the second quarter ended September 30, 2003 to Rs 193.37 crore, compared to Rs 131.98 crore during the corresponding previous period. Total income was up 24.91 per cent ... More

Ranbaxy, Glaxo join hands for R&D
PHARMA majors GlaxoSmithKline (GSK) and Ranbaxy may fight turf wars in the US pharmaceutical market, but they have decided to come together for the discovery and development of new drugs in the urology, anti-diabetic, anti-bacterial, asthma and ... More

Asian Paints bids for stake in ICI
MUMBAI: Asian Paints Ltd has submitted a financial bid for the acquisition of the Government's 9.2 per cent stake in ICI Ltd, the company informed BSE. Imperial Chemical holds 51 per cent in the Indian unit. ... More

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