SEBI report traces fund transfers to CSE brokers -- Ketan Parekh group firms implicated
KETAN Parekh group firms transferred nearly Rs 1,000 crore to Calcutta brokers between October 2000 and early March 2001 to pay up for the losses or marked-to-market margins, according to the preliminary report of the Securities & Exchange Board of India (SEBI).

SEBI to be consulted on VSNL open offer
THE disinvestment programme for VSNL whereby 25 per cent of the Government's stake in the company will fetch the winning bidder strategic control as well, will be completed in August.

Satyam Info, RPG Netcom venture off
THE joint venture between Satyam Infoway Ltd and RPG Netcom Ltd for providing broadband Internet services through cable network has been called off.

RPL offers exit route to shareholders thru GDR
RELIANCE Petroleum Ltd (RPL) on Friday announced an exit route to its shareholders through an international GDR offering. The company has offered to convert its existing equity shares into global depository receipts.

IA hikes fares by 15 pc -- Introduces `day return', `specific flight' concept
INDIAN Airlines on Friday announced a hike of up to 15 per cent in its rupee fares on select domestic sectors as part of its flexi-fare module which covers 68 of the 165 sectors on which the airline operates and comes into effect from May 25.

TRAI pegs WLL rental at Rs 450-550
THE Telecom Regulatory Authority of India (TRAI) has fixed the monthly rentals for limited mobility basic services based on Wireless in Local Loop (WLL), at between Rs 450 and Rs 550.

GACL issues 9.8 pc stake to Warburg Pincus for Rs 180 cr
EQUITY investor Warburg Pincus is making an initial investment of Rs 180 crore in Gujarat Ambuja Cements Ltd (GACL), in lieu of which the cement major is issuing a 9.8 per cent equity stake.

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