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Business
& Economy
India's biggest telecom PSUs
may be readying for merger
What is India News Service,
Thursday, September 16, 2004, 2200 hrs IST
The government on Thursday said it was
appointing advisors for synergising
the operations of MTNL and BSNL.
It is looking out for some good merchant bankers who could help in the process.
"Synergies will do good for MTNL and BSNL as both are strong companies", Union IT and Telecom Minister Dayanidhi Maran told reporters in New Delhi.
MTNL announces steep reduction in STD
tariff: MTNL said STD calls between fixed line customers of Delhi and Mumbai would be charged at a flat tariff of Rs 1.90 a minute.
Maran pushes for broadband
incentives: IT Minister Dayanidhi Maran today met Finance Minister
Chidambaram to seek incentives for broadband usage. The government is scheduled to announce
a policy initiative tomorrow.
Civil Aviation Ministry
says no to FDI: Civil Aviation Ministry is opposed to allowing foreign
direct investment in domestic airlines, despite a recommendation by the Finance Ministry.
Lodha in charge, 99.99 per cent: At a seat of theatre in south Calcutta, Rajendra Singh Lodha took centre stage.
Locked in a battle with the powerful Birla family over an inheritance, Lodha proved he was in full control of the largest property involved in the dispute at a six-hour drama which unfolded at Uttam Mancha, named after Bengali film legend Uttam Kumar.
Pepsi, HTA in copyright infringement mess:
An Australian post-production company has lodged a complaint against soft drink major Pepsi Co, ad giant HTA (now JWT) and an independent producer Kunal Shivdasani for alleged copyright infringement. The complaint pertains to a
Mountain Dew advertisement, aired about six months ago and the rights of which are still with an Australian company.
All-India bank strike on October 5, 6:
Wage revision in banks is overdue but the Indian Banking Association (IBA) is delaying and frustrating the possibility of a settlement.
Indian
Airlines board okays induction of 9 wide-bodied aircraft: The airline will
replace three wide-bodied Airbus A-300 aircraft, and buy six more.
Infosys to move Supreme Court on ruling against trademark:
The company said it would move apex court against a ruling of IPAB, Chennai that it had no monopoly on its trademark Infosys.
Karnataka
confident of third tranche of WB aid
soon: Deputy Chief Minister Siddaramaiah, who met bank officials during his US visit, claims that the fiscal management of the State was appreciated.
Telecast rights row may threaten Aussie series:
Cricket chiefs have gone into a huddle amid fears that home series against Australia will be cancelled if TV rights row is not resolved.
Service tax on MSOs from
Sept 10: The Union Finance Ministry has clarified that Multi Service Operators (MSOs) providing cable TV services have not been exempt from the payment of service
tax.
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Indian Airlines launches `Fly Select fares': Responding to the special fares announced by Jetairways and Sahara Airlines recently, the Government-owned Indian Airlines today announced `Fly Select Fares' on some select sectors and flights.
Private banks: cap on voting rights may go:
The government is likely to remove the 10 per cent cap on voting rights on foreign shareholders of private Indian banks. In
addition, the guidelines for banks eligible to invest in the country are also expected to be fine-tuned.
New rules
likely for cooperatives: If the Union Finance Minister's recent statements are an accurate index, it is likely that co-operative banks will soon come under a
new regulatory regime.
Bharti
unifies brands: The Bharti group today declared Airtel as its flagship brand by clubbing all its telecom services \97 mobile, telephone and broadband services,
long distance services and enterprise services \97 under one brand name.
Overall:
Maran hinted at BSNL, MTNL merger:
India's biggest telecom service companies could soon be one.
Telecast
row continued: Cricket officials are worried it
could jeopardise the Australia series.
Bharti unified its
brands: All its products will now bear the name of Airtel..
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