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Monday, November 03, 2003

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3G licence comes gratis in unified regime — DoT likely to lose substantial revenue
With data services estimated to be the main source of revenue for telecom operators in the coming years, there has been a clamour for 3G licences in most countries. In India too, a vast potential exists and DoT could have raked in substantial revenue , the sources said. More

Credit Policy likely to maintain bias towards softer rates
THE Reserve Bank of India Governor, Dr Y. Venugopal Reddy, will unveil the mid-term review of the Monetary and Credit Policy for 2003-04 on Monday. In his maiden presentation of the mid-term review of the policy, he is expected to maintain the ... More

IFCI scouting for strategic partner; may enter pension funds
IFCI Ltd is getting back on its feet and could be up and running soon. With renewed confidence backed by steady improvement in financials, the institution has commenced talks with foreign and domestic entities for induction of a strategic ... More

Eicher mulls merger of tractor, vehicles cos
THE Rs 1300-crore Eicher group is poised for a major restructuring. It has appointed Ambit Finance as advisor, to explore and study the possibility of a merger between tractor and motorcycle company Eicher Ltd and commercial vehicles ... More

Sahara plans online auctions for Colombo flights
THOSE wanting to fly Air Sahara on the India-Colombo-India sector can avail themselves of advance purchase schemes and even bid for tickets through online auctions. The scheduled private airline, which is "ready to take off for Colombo within ... More

Open skies: Are there more goodies in store?
FOR the domestic aviation industry, any year ending with the digit `3', it would seem, is a precursor for change. Just take a peep into history. It was in 1953 that the Government decided to nationalise all existing airlines to create Air India ... More


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Oil PSUs: Disinvestment dilemma
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