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Saturday, March 12, 2005

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TRAI slashes global leased line circuit rates by 70 pc — Bandwidth prices set to fall; BPOs, ITeS to benefit
INTERNATIONAL bandwidth prices are set to fall with the Telecom Regulatory Authority of India (TRAI) effecting up to 70 per cent reduction in international private leased line circuits (IPLC). TRAI has fixed a ceiling of Rs 2.9 crore per annum ... More

Sunil Mittal sells personal stock in Bharti Tele
THE Chairman and Group Managing Director of Bharti Televentures, Mr Sunil Mittal, has sold his entire personal stock, accounting for about 0.15 per cent stake in the company, for a consideration of over Rs 60 crore. Mr Mittal sold 3,13,005 shares ... More

Ranbaxy's R&D chief Rajinder Kumar quits
IT'S finally official. Ending months of speculation, Ranbaxy Laboratories Ltd on Friday said that its Research and Development (R&D) head, Dr Rajinder Kumar, has put in his papers and will be returning to the UK. The company has been ... More

HC discharges caveatable interest of 3 Birlas over Priyamvada will
MR Justice Kalyan Jyoti Sengupta of the Calcutta High Court today discharged the caveatable interest of Mr K.K. Birla, Mr B.K. Birla and Mr Yashovardhan Birla in the probate petition of Mr R.S. Lodha over the will of Priyamvada Devi Birla in ... More

Costlier fuel products push up inflation
THE annual wholesale price index-based inflation rose to 4.95 per cent during the week ended February 26, from 4.83 per cent in the previous week. The rise in the year-on-year inflation was largely on account of a spurt in the prices of fuel ... More

Industry grows 8% in Jan
THE buoyancy in the country's industrial sector continues unabated, with the official Index of Industrial Production (IIP) notching up an annual growth of 8.4 per cent during April-January 2004-05, over and above a cumulative increase of 6.7 per ... More

A cruel change in the name of `global practice'
Mr Chidambaram is probably unaware that provident fund is the lone corpus on which retired old men and women live and if that gets pruned they will find living tortuous. More

Mutual funds vying to boost IPO collections
PER-application amounts, mobilisation targets, passouts - terms such as these are quickly fortifying their positions in the lexicon of even ordinary investors, thanks to the enormous efforts that are being put in by distributors of mutual ... More

`NPAs in banks rise by Rs 48,784 cr in 7 years'
DURING the last seven years, the non-performing assets of the banking system have increased from Rs 47,300 crore in March 1997 to Rs 96,084 crore in March 2004. This was stated by the General Secretary of the All-India Trade Union Congress, ... More

Emcure launches first 3-in-1 AIDS pill for kids
THE three-in-one AIDS drug for adult HIV/AIDS patients was developed in India. And now a similar combination drug for children is also being launched by an Indian company — the Pune-based Emcure Pharmaceuticals Ltd to be precise. In a ... More

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