The Hindu Business Line : Friday, June 14, 2002

Telecom panel clears plan to demerge VSNL surplus land
THE Telecom Commission has cleared the proposal to demerge the surplus real estate of 773.13 acres owned by Videsh Sanchar Nigam Ltd. (VSNL) and spin it off into a separate company. According to official sources, valuers will now be appointed ... More

TRAI seeks to limit number of tariff plans
THE Telecom Regulatory Authority of India (TRAI) has decided to limit the number of tariff plans announced by service providers in order to help the subscribers make a more "meaningful choice''. Accordingly, the authority has notified the ... More

Mobile services in Delhi -- Idea Cellular awaiting spectrum allocation
Each day lost due to delay was expected to cause a loss of about Rs 0.50 crore involving both interest costs and a combination of real and intangible costs as the project envisages an investment of about Rs 500 crore. More

VSNL-Tata Teleservices issue -- Why Govt should keep out of business
The Government has often invested borrowed money in enterprises unconnected with governance. For instance, investing in bread-making enterprises, hotels or cycle-making companies cannot be justified on any business principles. On what moral ground, t herefore, can the Government object to VSNL dipping into its reserves to invest in a telephone company? More

Idea Cellular commissions Rayalaseema corridor
IN tune with its corridor-to-corridor connectivity drive to provide uninterrupted mobile telephony experience in Andhra Pradesh, Idea Cellular Ltd has commissioned its fourth — Rayalaseema Corridor — a stretch of 460 km, the longest ... More

Cell cos feel impact of 1/6 formula
THE inclusion of cellular telephone in the one-by-six formula on the income-tax radar and the need to provide identity details for a pre-paid mobile phone connection has had a stifling effect on the industry, leading to slowdown in new ... More

MTNL seeks time to sort out BSNL dues
According to official sources, BSNL has stated that all future interconnect agreements with MTNL would depend on the speedy settlement of pending dues. More

Bharti launches SLD
Mr Mohit Bepra, Chief Marketing Officer, Bharti Cellular Ltd, with Mr Sarvjit S. Dhillon, CEO, AirTel Delhi & UP West, at the launch of `Subscriber Local Dialling' for all its Delhi subscribers on ... More

SOFTWARE

i-flex issue price fixed at Rs 530
I-FLEX Solutions Ltd has fixed the issue price at Rs 530 for Rs 5 face value share. The issue price is the same as the base price fixed for book-building. The issue has been oversubscribed 2.72 times. In a statement today, the company said ... More

Digital rules out near-term buyback
SOFTWARE services firm Digital Globalsoft Ltd has no plans to go in for a buy-back of its equity shares in the near future, according to company sources. Despite repeated attempts, the official spokesman of the company could not be contacted. ... More

Eonour bags order from UPS

INTERNET

SatyamHosting eyeing alliances with US cos
SATYAMHOSTING from Satyam Infoway Ltd (Sify) plans to forge strategic alliances with some of the US firms including Digex Inc, Qwest and Level 3 to jointly offer hosting services. The company has similar alliances with two German firms and a ... More

OFF-SHORE DEVELOPMENT

China plans on track, says Satyam
SATYAM Computer Services Ltd has reiterated that its mainland China plans are on track and there is no change in its strategy to penetrate the market as a part of company's move to spread its geographical reach. ``We feel that China has a ... More

QuEST opens US office

VENTURE CAPITAL

SunTec braces for 2nd-round venture funding
SUNTEC Business Solutions, the billing, customer care and transaction management solutions provider based in Technopark, is bracing for a second round of venture funding of $4-$5 million in the next three to four months' time. The ... More

PEOPLE

Karthikeyan new CDO of Mascot

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An initiative to recycle PET bottles

ICICI Bank unveils `HomeSafe' cover

FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely

Roping in BSE, Apeda, SSI Tech -- BCE forms consortium to bid for multi-commodity futures

CESC falters on FRN interest

Reforms in India and China -- Policy regimes make the difference

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
Jun. 2-Jun. 8
Risk management — the buzz word in IT sector now

War fears delay Bharti, Data Access ILD plans

IT sector recovery in 2003: IDC

Wipro plans new facilities in S-E Asia, Europe

TRAI favours low licence fee for `receive only' VSATs