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Thursday, June 24, 2004

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Phone tariffs may fall as TRAI moots cut in ADC
TELECOM tariffs are likely to fall by 16-25 per cent with the Telecom Regulatory Authority of India (TRAI) proposing to bring down the Access Deficit Charge (ADC) to between 2.2 per cent and 5.3 per cent of the revenue, instead of the present ... More

Sensex sheds 92 points on selling pressure
IN contrast to the flattish trend over the last few days, the Sensex today dropped sharply, shedding 91.86 points. Marketmen attribute today's fall to the fact that investors' are squaring off positions as June futures expire on ... More

Cess to boost regional air connectivity?
DOES the Government plan to do away with the route dispersal guideline for domestic airlines and instead ask them to absorb a 5 per cent cess, the funds from which are to be utilised to help existing and new airlines operate flights to regional ... More

FCNR(B) deposit rates move northwards again
FOREIGN Currency Non Resident (Banks) deposit rates have started inching up once again. The hike has been to the tune of about 20-25 basis points across maturities. A basis point is one hundredth of a percentage point. A one-year deposit ... More

Corporates park surpluses in short-term liquid funds
TURBULENT markets and expectations of hardening interest rates are forcing corporates to move funds into short-term liquid funds. Liquid and floating rate funds have been receiving higher inflows with the trend strengthening over the last two ... More

Electrolux Kelvinator mulls delisting
IS Electrolux Kelvinator Ltd (EKL), the Indian arm of Swedish white goods major AB Electrolux, preparing to delist from the Indian bourses? Though the company and its parent have not made an official announcement, the market is abuzz with rumours ... More

Assurance to TU leaders — PM to take up PF rate with Labour, Finance Ministers
THE Prime Minister, Dr Manmohan Singh, has assured labour leaders from all over the country that he would take a decision on their demand for raising the interest rate on provident fund (PF) only after taking up the issue with the Ministers of ... More

Mobile phone usage up, but revenue per user declines
INDIANS are talking more but paying less. While minutes of usage for cellular services increased by 45 per cent from 222 minutes per month per subscriber in March 2003 to 322 minutes in March 2004, the average revenue per user declined 19 per ... More




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