IA board puts off fare hike decision
INDIAN Airlines has decided not to hike air fares just yet despite Jet Airways announcing a 18-20 per cent increase effective mid-September.

HZL, Sponge Iron among 4 PSUs approved for strategic sale
THE Cabinet Committee on Disinvestment (CCD) today approved the strategic sale of four public sector undertakings (PSUs) namely, Hindustan Insecticide, Sponge Iron India Ltd, Mineral Exploration Corporation and Hindustan Zinc Ltd.

Rupee may remain under pressure -- Capital inflow pattern rugged
IN 1999-2000, FII inflows far exceeded FDI funds. Also ECB inflows were low as compared to earlier years. In the current year, the fund-flow composition could change as FII inflows are not firm enough while there are no signs of a pick up in FDI and ECB. All this could put pressure on the rupee-dollar exchange rate in the coming months going by a reading of the RBI Annual Report for 1999-2000.

Support price for paddy hiked Rs 20 a quintal -- Food subsidy bill may go up Rs 500 cr
THE Government today hiked the Minimum Support Price (MSP) of paddy by Rs. 20 per quintal for the 2000-01 kharif marketing season (October-September), bypassing the suggestions of the Ministry of Consumer Affairs and the Expenditure Reforms Commission (E RC) to freeze support prices.

Zee venture with MGM for movie channel
ZEE Telefilms Ltd (ZTL) will float a new joint venture company with the Hollywood studio, Metro Goldwyn Mayer Inc (MGM) to operate a co-branded movie channel exclusively for the South Asian market.

Wipro aims high, charts 4 x 4 plan
IF, as an employee, you suddenly get a message from your boss saying he wants to see the company among the top 10 in the world -- in a couple of years -- what would your reaction be?

BPL Comm ADR issue cleared
THE Cabinet Committee on Economic Affairs (CCEA) today gave its approval to a proposal of BPL Communications Ltd for an initial public offering of equity shares in the form of American Depository Receipts (ADRs) worth $200 million.

Foreign equity in NBFCs for micro credit
NEW DELHI: The Government has permitted foreign equity investment in non-banking finance companies (NBFCs) dealing with micro credit and rural credit.

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