Business & Economy
India joins container
security initiative led by United States
What is India News Service,
Monday, 31 January 2005, 1800 hrs IST
The
decks are clear for India to join the US-led Container Security Initiative (CSI)— a programme which envisages an exchange of Customs personnel and technology to screen containers at foreign ports before they can reach the destination.
A team is slated to leave for the US soon to discuss the modalities for firming up Indian participation and its composition will be decided at an inter-ministerial meeting in February first week.
As the first major step towards strengthening the strategic partnership with the US in George W Bush’s second term, India plans to start its partnership with a pilot project at the Jawaharlal Nehru Port Trust and will gradually replicate it at other ports depending on the programme’s success.
STD, ISD
rates will fall: In a major relief to TRAI and consumers, the telecom tribunal on Monday refused to grant a stay, sought by MTNL, on the new access Deficit Regime starting Tuesday, paving the way for lower long distance mobile calls.
Don’t dilute CMP in Budget: Left:
Ahead of the crucial meeting with Finance Minister P. Chidambaram on Tuesday, Left leaders today made it clear that any attempt to dilute the CMP in the forthcoming General Budget would beget "conflict and opposition" within the UPA government.
Is Reliance rewriting rules of corp governance?:
On January 11, a Joint Director in the Finance Ministry’s Department of Economic Affairs wrote a letter to the Securities and Exchange Board of India asking it to ‘‘look into the matter’’ of a ‘‘note received from Shri Anil D. Ambani regarding buyback of equity shares of up to Rs 3,000 crore by Reliance Industries Limited.’
No bias in share
allotment, says Reliance Infocomm: Reliance Infocomm on Sunday trashed reports of discrimination in share allotment, saying all its equity investment transactions have been fair.
Mahindra tractors to plough Canadian soil: Mahindra USA Inc, has decided to set up an assembly unit in Canada to locally produce and market low-horsepower cab tractors.
BSNL not to challenge ADC regime:
The country's largest telecom operator, Bharat Sanchar Nigam Limited (BSNL) said that it would not challenge the telecom regulator's order for setting up the new access deficit charge (ADc) regime which comes into effect from February one.''from our side there is no move to challenge ADC of Trai,'' BSNL sources told UNI.
Daimler
Chrysler to foray into commercial vehicles business: Encouraged by a higher-than-expected growth in India, maker of premier car Mercedes-benz,
Daimler Chrysler has decided to foray into the commercial vehicle segment in the country with the launch of a heavy duty truck and luxury coach and is buoyant on the Indian market in the medium term .
Mid-caps feel the pinch:
Inflation might be in retreat, but its impact is still being felt by India Inc. Sure, the third-quarter results have been good.
Will the market rally continue?:
After spurting by a whopping 236 points last week, the market is waiting for more action in the current week. Will the rally continue?
HPCL to set up 1,200 outlets:
Hindustan Petroleum Corporation Ltd (HPCL) would set up 1,200 new retail outlets and ramp up the number of its HP club outlets to 2,200 at an capital outlay of Rs 800 crore during the current fiscal.
Govt may ban used tyre imports: The government seems set to extend a helping hand to salvage sagging bottomlines of Indian tyre firms.
Credit card rates are falling:
After housing sector witnessed a huge fall in interest rates, the credit card segment is witnessing a similar fall in rates now.
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