Financial Daily
from THE HINDU group of publications

Tuesday, August 07, 2001








Page One

Bharti Telecom eyeing new foreign partner
ON top of aggressive plans to rollout its new telecom ventures with estimated investments of over Rs 6,000 crores, the Bharti group proposes to rope in a new foreign equity partner in its flagship company Bharti Telecom Ltd.

Tatas, Hughes in tie-up talks for basic telecom services
THE Tatas and the Hughes group are in talks for an alliance in basic telephony services.

Curbs on import of spares under EPCG scheme
THE Government has amended the Export-Import (Exim) Policy to stipulate that imports of spares under the export promotion capital goods scheme (EPCG) would be restricted to 20 per cent of the cost, insurance and freight (c.i.f) value of the licence issue d under the scheme.

SC stays arbitration proceedings -- HC to decide on MERC authority in DPC case
THE Supreme Court today stayed the arbitration proceedings initiated by Enron and asked the Bombay High Court to decide whether the Maharashtra Electricity Regulatory Commission (MERC) had the jurisdiction to adjudicate the dispute with Dabhol Power Comp any (DPC).

Business index paints dark `bear' shades
CONFIRMING the continued sluggish phase of the economy, the business confidence index (BCI) of the National Council of Applied Economic Research (NCAER) at the end of the first quarter of the current fiscal has turned bearish.

BSES foreign bond cleared
OVERSEAS quasi-equity issuance by Indian corporates is set to be kicked off after a lull with the Finance Ministry giving an in-principle approval to BSES, for a Foreign Currency Convertible Bond (FCCB).

US-64: Insurance cos keep head above water
PUBLIC sector insurance companies have been insulated from the crisis which has effected the Unit Trust of India's flagship scheme, US-64.

Reliance names brokers for buyback
RELIANCE Industries Ltd (RIL) has appointed three brokers to implement its share buyback programme through open market purchases.

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