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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
Govt to allow pvt airlines to fly on international routes
The government says it will probably fine-tune its $4.4 billion order for 71 planes from Airbus and Boeing to include some extra aircraft for ultra long-haul routes.
In an interview with Reuters, Civil Aviation Minister Praful Patel also said the Government would allow private airlines to fly on all international routes, and he said a roll-out plan would be announced in six months. Those routes have been reserved for state carriers.
After a review by the new Government, little change was expected for flag carrier Air-India's $2.18 billion plan to buy a mix of 28 Airbus and Boeing jets and a separate $2.2 billion order by the mainly domestic carrier Indian Airlines Ltd to buy 43 Airbus A319s, 320s and 321s.
Left sharpens attack on Centre: Not convinced with Planning Commission Deputy Chairperson Montek Singh Ahluwalia's explanation to Left parties on inclusion of multi-lateral international agencies in Government committees, Left leaders on Thursday further sharpened their attack on him.
Telecom giant Bharti enters agro sector: Bharti Enterprises, the parent company of telecom brand Airtel, today announced the setting up of a $ 50 million joint venture with ELRo Holdings Limited for export of fresh fruits and vegetables from India to the European Union, United Kingdom, South East Asia, Gulf and CIS countries.
ESPN-Star says Zee not eligible for telecast rights: ESPN-Star Sports told the court that Zee Telefilms was not eligible for the cricket telecast rights, which it had bagged for $308 million.
Infy's identity crisis: Infosys won't always be 'the' Infosys. They were denied monopoly on the trademark.
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.
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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.
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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