The Hindu Business Line : Monday, February 18, 2002

Bharti to peg ILD rates 50% cheaper than VSNL
STARTING April, the Bharti group has decided to offer international long distance (ILD) services at rates that are up to 50 per cent lower than those charged by incumbent operator Videsh Sanchar Nigam Ltd (VSNL). According to Mr Sunil Mittal, ... More

Rlys to mop up Rs 900 cr from freight, fares rejig
A HIKE in the rail freight tariff on essential commodities and a cut in the rates on steel and petro-products are on the anvil in the Railway Budget along with a 5 to 6 per cent increase in passenger fares. According to senior Railway Board ... More

Sponsored ADR/GDR programme to be liberalised -- Cos may get nod to divest in unlisted arms abroad
THE Government is set to announce its decision to liberalise the sponsored ADR/GDR programme by allowing Indian corporates to divest their equity holdings abroad in their unlisted subsidiaries in the forthcoming Budget for 2002-03. According ... More

The ebb matches the flow for IT cos
CLIENTS of IT companies seem to be going through a revolving door. Companies are gaining clients as fast or almost as fast as they are losing them - depending on which way you want to look at it. When the slowdown in the IT industry began ... More

Suzuki seeks enabling norm for 2/3-wheeler partner
SUZUKI Motor Corp has sought an enabling provision from the Government for the right to rope in a partner in its proposed Indian subsidiary for making two and three-wheelers, according to Government sources. The Suzuki proposal, which is slated ... More

McDonald's set to enter veg territory
THE long-pending entry of McDonald's into the largely vegetarian State of Gujarat will be happening sometime next month. This comes amidst a lot of soul searching by the company whether anything remotely chicken will set in well with the palate ... More

Gesco board clears plan to bid for SCI stake
GREAT Eastern Shipping Company Ltd (Gesco) has decided to file an Expression of Interest (EoI) for acquiring 51 per cent of the Government's stake in Shipping Corporation of India (SCI), which is being put up for privatisation through strategic ... More

Entry tax: Rlys no to States
WITH just a few days to go for the Rail Budget, the Railways has come under pressure from several State Governments to fork out an entry tax on goods movement. The Ministry has opposed the move, saying that it is not even recovering costs on ... More

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