`Illegal routing' of long distance calls Reliance, BSNL to settle dispute out of court
IN a bid to diffuse the ongoing controversy, Reliance Infocomm and Bharat Sanchar Nigam Ltd (BSNL) have decided to sit across the table and try to negotiate an out-of-court settlement on the alleged illegal routing of long distance calls. The ...
REL to bid for UP's five distribution cos
RELIANCE Energy Ltd will bid for five electricity distribution companies in Uttar Pradesh up for sale through a Government-initiated international bidding process. This decision was taken by the REL board, which met on Tuesday to consider the ...
Monthly cable TV bill to go up 7%
MONTHLY cable bills are set to go up by 7 per cent from January 2005. The Telecom Regulatory Authority of India (TRAI), after reviewing the ceiling rates for inflation, has issued an order permitting the hike. It has said that the new rates ...
Re continues its surge
A WEAK dollar overseas and a steady spate of dollar inflows into the domestic markets aided the rupee to close 18 paise stronger on Wednesday at 44.45/46 against the greenback, against its previous close at 44.63/64. In the bond market, ...
Nokia to invest $150 m to set up handset facility
FINNISH telecom major Nokia has announced an investment of up to $150 million over the next four years to set up a mobile handset manufacturing facility in India. The unit is expected to give employment to about 2,000 people. Announcing the ...
ICICI, 3 others in race for Air Deccan's 26% stake
ICICI Ventures and three other investors are some of the frontrunners for picking up 26 per cent stake in Air Deccan, which is raising up to $50 million to fund its expansion plan. "In a week's time, we will convey to our stakeholders and our ...
I-T collections overestimated on challan confusion
FOR the first ever time, the Centre's revenue collections from personal income-tax have exceeded that from corporation tax during the current fiscal, sparking off questions regarding the sources behind the unusual buoyancy in the former. As ...
Sensex down after strong opening
PROFIT-BOOKING took some of the sheen off the rising bourses today with the Sensex closing at 6,227.83, after a day of volatile trading. The index lost over 96 points in intra-day volatility, but closed the gap to a loss of 6.46 points from ...
States diverting fuel cess funds to meet revenue expenses
"Diversion of such dedicated funds to funding revenue expenditure had led to arrears in maintenance in most of the State and national highways."
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