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Business & Economy
Domestic bandwidth
rates dip by 70 pc
What is India News Service, Friday, 22 April 2005, 1600 hrs IST
After lowering the rates for
international circuits on March 11, the Telecom Regulatory Authority of India (TRAI)
on Thursday turned its attention to domestic
bandwidth by directing a three to 70 per cent downward revision for various
capacities. The revision in the ceiling tariff for domestic leased circuit,
which will take effect from May 1, is being done after six years and is expected
to help in the spread of broadband and Internet. Operators are allowed to offer
rates lower than the ceiling fixed by the TRAI.
The TRAI also released a
consultation paper asking for suggestions to promote further competition in the
bandwidth market.
The TRAI has fixed revised
ceiling tariff for the most commonly used capacities and speeds \97 64 kbps, 128
kbps, 256 kbps, E1 (speed of 2 Mega bits per second), DS-3 (speed of 45 Mega
bits per second) and STM-1 (speed of 155 Mega bits per second). The biggest
reduction in absolute terms takes place in the higher speeds of 45 and 155 mbps.
The ceiling tariffs will be reviewed after a year.
Brick
and mortar companies make a comeback:
Brick and mortar companies are making a strong comeback with
results of sectors such as steel, cement and infrastructure posting handsome
profits. These companies have taken the sheen off new economy biggies like
Infosys, TCS and Satyam Computers in the current year. From the results
announced in past few weeks Essar Gujarat, ONGC, Reliance Energy, Bajaj
Hindustan, Bharat Earth Movers Ltd, ABB, HDFC Bank have reported handsome
profits.
Shell
& Total inaugurate Hazira LNG terminal: Royal Dutch Shell and Total Gas
which had teamed together for the creation of LNG terminal finally inaugurated
the Hazira LNG terminal in Gujarat. This is the country's second LNG import
facility.
Chinese airlines order 30 Airbus aircraft: Three
Chinese airlines have signed contracts for the purchase of 30 Airbus aircraft.
The China Southern Airlines has signed with Airbus for five A380s, the China
Eastern Airlines for five A319s, 11 A321s and four A320s while the Shenzhen
Airlines has signed with the China Aviation Supplies Import and Export Group
Corporation (CASGC) and Airbus for three A320s and two A319s.
India
poised to achieve 8 per cent growth: Montek:
India is poised to achieve an annual growth of around eight per
cent in the near future even as it grapples with the challenges posed by
globalisation, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia
has said.
Sony,
Toshiba to make new DVD jointly: Sony and
Toshiba are in talks to develop a universal standard for next-generation DVDs
after three years of fighting, reports said today. The Japanese technology
giants have each promoted their own DVD, set for mass-market release later this
year, which are billed as offering cinematic quality images and opening up new
possibilities of interactive entertainment.
Petroleum
Ministry wants reduction in excise duty:
Armed with the Parliamentary Panel support for a reduction in
Excise duties, Petroleum Minister Mani Shankar Aiyar will pursue Finance
Minister P Chidambaram on Monday to cut Excise Duties on petroleum products so
that changes made in budget remain revenue netural.
Satyam
profit grows 51 pc: Satyam Computer Services Ltd
has posted 51.3 per cent growth in net profit of Rs 213.20 crore for the quarter
ended March 31, 2005 as compared to Rs 140.84 crore for the corresponding
quarter previous year.
Business papers
Business Standard
Economic Times
Business Line
Financial Express
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