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Friday, January 14, 2005

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TRAI pegs unified licence fee at Rs 180 cr — Three categories of licensing introduced
THE Telecom Regulatory Authority of India (TRAI) has made no significant changes to the proposals made in its draft recommendations on unified licence regime despite various representations from the industry and has reiterated an across the board ... More

Markets bounce back; Sensex up 118 points
BUCKING the bearishness of the last few days, markets rallied back on Thursday and the indices made up for some of the earlier losses. The BSE Sensex gained 118.32 points and closed at 6221.06, comfortably over the 6200 mark. Nifty also ... More

TCS posts Rs 643-cr net in Q3
BETTER prices, better realisations, more offshoring and robust other income of Rs 141 crore (consolidated, under Indian Generally Accepted Accounting Principles - GAAP), largely from foreign exchange hedging gains, has led to Tata Consultancy ... More

R.H. Patil to head UTI AMC
DR R.H. Patil has been appointed Chairman of UTI Asset Management Company Pvt Ltd (UTI AMC). UTI AMC has been without a Chairman since December 19, 2004 when Mr M. Damodaran stepped down as the Chairman of both specified undertaking of UTI ... More

Redemption of 10.5 pc special securities to hit NSSF income
THERE is some bad news for investors who park their monies in the various small savings schemes administered by the post office. The earning power of the National Small Savings Fund (NSSF) — the accumulations from which go to service the ... More

Infrastructure panel clears highway expansion project
THE Prime Minister's Committee on Infrastructure today cleared a mega expansion of the ongoing highways upgradation programme, entailing an expected investment of about Rs 1,70,000 crore over the next seven years. "Besides the two phases of the ... More

No move to cap FII inflows, reiterates Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Thursday reiterated that the Government has no plans to impose any fresh taxes on the portfolio inflows from the foreign institutional investors (FIIs). He also clarified that FII inflows would not ... More

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