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Thursday, January 20, 2005

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Reliance Energy accepts resignations of 2 directors
RELIANCE Energy Ltd today accepted the resignations of two of its directors - Mr Amitabh Jhunjhunwala and Prof J. Ramachandran. The two were among six directors who had resigned from the REL board on November 25, in the wake of the ownership ... More

Dadri project in UP to be delayed
RELIANCE Energy Ltd on Wednesday said its proposed 3,740-MW Dadri project in Uttar Pradesh will be commissioned by 2008-09. The Rs 10,000-crore project was to be commissioned by 2007-08 and was to receive gas from parent company Reliance ... More

Independent directors for Reliance Info, RCIL appointed
THE Supreme Court advocate and tax consultant, Mr Y.P. Trivedi, and a former secretary with the Union Government, Mr M.P. Modi, were inducted as independent directors on the boards of Reliance Infocomm Ltd (RIC) and Reliance Communications ... More

UPA, Left narrow down differences over banking reforms
THE United Progressive Alliance (UPA) today appears to have narrowed down differences with the Left parties over pending banking reforms by giving an assurance that the restructuring exercise would not result in any significant retrenchment in ... More

5 UCBs in fray for takeover of 2 co-op banks
FIVE leading urban co-operative banks are understood to have approached the Reserve Bank of India for permission to take over two ailing Maharashtra-based co-operative banks - The South Indian Co-operative Bank and Maratha Mandir Co-operative ... More

DoT asks ISPs to stop offering VPN services within 30 days
THE Department of Telecommunications (DoT) has asked all Internet Service Providers (ISPs) to stop offering leased line Virtual Private Network services within 30 days. The move comes after the DoT decided that VPN services were not part of the ... More

MTNL bets on speed, price to penetrate broadband market
DESPITE its relatively late entry into the broadband market last week, Mahanagar Telephone Nigam Ltd (MTNL) is betting on its existing base of 23 lakh telephone lines and its affordable pricing to make a breakthrough in this segment in the ... More

Beware! Cops may soon go mobile
THE noisy walkie-talkie in Police Control Room (PCR) vans could soon become passť. The Cellular Operators Association of India (COAI) is proposing to offer cellular phones to all PCR vans across the country, which will also allow the beat ... More

All-industry duty drawback rates revised — Specific rates to replace ad-valorem for many products
THE Finance Ministry has revised the all-industry duty drawback rates to give effect to the Customs and Excise duty changes announced on July 8 last year in the Union Budget for 2004-05. Duty drawback payments are made to exporters to ... More

Select mid-caps gain; Bajaj Auto skids
THE key market indices ended on a weak note for the second day in succession. After ruling firm in the early part of the day, the trend turned weak in the last hour of the trading session. After hitting a high of 6230.62, the BSE Sensex closed at ... More

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