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Friday, March 11, 2005

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Proposal to restrict FDI in ISPs to 74 pc under study — Sify's ADR application put on hold
The proposal to restrict FDI is in line with the Government's policy to level the field for all telecom services providers. More

Primary dealers set to report losses for the first time
FOR the first time in close to a decade since their inception, primary dealers (PDs) in debt securities will report losses for the financial year ending 2004-05. While most of the leading PDs are bracing themselves for significant losses in ... More

HSBC stake in UTI Bank to drop to 12.5 pc after GDR
HSBC has no plans to invest in UTI Bank's GDR issue though in theory the bank is allowed to. More

Clariant shifts German facility to Colour-Chem's Roha plant
COLOUR-Chem Ltd's Roha plant has been chosen as the manufacturing base for Clariant, its parent, to produce agrochemical and pharmaceutical intermediates in India. Clariant's Life Science Division has decided to shift the manufacturing facility ... More

Foreign nations lobbying PMO for favourable patents law
Heads of Latin American and African countries are appealing to the Indian Government to ensure that drugs are available and affordable. More

Rubber imports double in Q3; exports decline
IMPORTS of natural rubber during the September-December 2004 quarter more than doubled over the corresponding period of previous fiscal, according to the latest data by the Rubber Board. Rubber imports in the third quarter stood at 10,127 ... More

Delhi HC asks MTNL not to disconnect Reliance Infocomm
THE Delhi High Court, on Thursday, put a stay on the disconnection notice sent by MTNL to Reliance Infocomm over non-payment of access deficit charges on international calls illegally routed as local ones. The stay order was given after ... More

Rahul Bajaj expects resolution of family dispute by June
THE Chairman of Bajaj Auto Ltd, Mr Rahul Bajaj, today said that he expected the dispute with his younger brother, Mr Shishir Bajaj, to be resolved by June. "I wish the family settlement was over by March, but it will be by June-end," Mr Rahul ... More

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