The Hindu Business Line : Friday, May 16, 2003

Investing ECB money in MF debt plans — Cos cash in on arbitrage
SOME Indian companies have found an easier way to boost their income — not by improving their performance, but by borrowing in dollars overseas and investing it in debt plans of domestic mutual funds that have returned more than 13 per cent ... More

BSNL slashes mobile tariffs
The company is also offering corporate discounts of 5 per cent whose bills are between Rs 1 lakh and Rs 2 lakh, while a 10 per cent discount is being offered for bills above Rs 2 lakh. More

Petrol, diesel prices cut
PETROL will be cheaper by more than a rupee and diesel by almost a rupee in most States from midnight tonight. Petroleum companies on Thursday reduced the retail prices of petrol and diesel by nearly Rs 1.10 per litre and Re 0.95 per litre ... More

GTL calls off plan for Redington acquisition
NETWORK engineering company GTL Ltd (formerly Global Telesystems Ltd) on Thursday said it was calling off its proposed acquisition of Singapore-based IT product distributor Redington Group. According to GTL, acquisition of the Group — ... More

For ads, FM radio doesn't come cheap
IF you believe that radio is the poor cousin of television then you will have to think again. For advertising rates of various private FM channels are much higher than some television channels. Advertising industry sources said that according ... More

i-flex unit CEO discharged by London court
THE London-based CEO of i-flex Solutions Ltd's Dutch subsidiary, Mr Senthil Kumar, has been discharged by a London court after the Netherlands Government failed to convince Britain to launch extradition proceedings against him. According to the ... More

36 killed in Frontier Mail fire
AT least 36 people were killed and 12 injured when a fire broke out in the Mumbai-Amritsar Golden Temple Mail 10 km from Ludhiana in Punjab early this morning. The Railways have ordered the mandatory inquiry by the Commissioner of Railway ... More

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