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Friday, July 01, 2005

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FM radio policy allows switch to revenue share — FDI permitted but cap remains at 20 pc
THE Indian airwaves are set to witness action with the Government opening up 330 new FM frequencies to the private sector. Giving the much needed booster shot to the bleeding industry, the Cabinet today approved a new FM radio policy that does ... More

Vivek Paul quits Wipro; new leadership team in place
WIPRO Ltd said on Thursday that the Vice-Chairman and Chief Executive Officer, Mr Vivek Paul, has quit the company to join investment firm Texas Pacific Group (TPG) as a partner. The high-profile CEO served Wipro for six years and is credited ... More

Reliance Capital to buy 51% in Adlabs Films
TWO weeks after he took charge of a section of the Reliance Group, Mr Anil Ambani is already in acquisition mode. Reliance Land Ltd, a part of Reliance Capital Group, on Thursday announced that it proposes to acquire 51 per cent stake in Adlabs ... More

Daewoo assets sale: CCEA okays ratio of sharing proceeds
IN a development that will pave the way for the sell-off of the assets of the erstwhile Daewoo Motors India Ltd, the Cabinet Committee on Economic Affairs (CCEA) today approved the ratio in which proceeds from the sale of the assets will be ... More

Railways announces freight sops
THE Indian Railways on Thursday announced tariff discounts for certain commodities moving in the under-utilised routes. The discounts will also be extended to the incremental loading of those commodities. The move is expected to benefit ... More

Media stocks up on FDI announcement
THE bull-run continued on the bourses as the markets ended the day with strong gains. Sustained buying in the index heavyweights, continued inflow of FIIs, fall in crude oil prices and approval of overseas investment in private radio FM stations ... More

Monsoon covers entire country before time
RIDING piggyback on a fortuitous combination of helpful atmospheric systems, the southwest monsoon managed to cover the entire country on Thursday, a full 15 days ahead of schedule. But this hardly provides any guarantee of the four-month ... More

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