The Hindu Business Line : Friday, September 26, 2003

GoM suggests hike in foreign investment cap in telecom to 74%
The Group of Ministers (GoM) on Telecom has recommended a hike in the foreign investment limit in Indian telecom companies to 74 per cent from the present overall cap of 49 per cent. While the Foreign Direct Investment (FDI) by foreign telecom ... More

Escorts puts off annual meet
ESCORTS Ltd on Thursday announced the postponement of its AGM scheduled for September 30 to a later undisclosed date. While the company maintains that the postponement has been due to unavoidable procedural circumstances, the move is being seen ... More

PSU stocks in limelight
AFTER remaining depressed for a few days due to the Supreme Court order on HPCL and BPCL disinvestment, the stocks of government-owned companies are back on the buy-list of most of the investors over the last few trading session. The revised ... More

IA to extend local reach; Plans tie-up with Air Deccan
IN a significant step, Indian Airlines plans to tie up with a domestic private airline to service regional routes through a hub-and-spoke arrangement. The move could push back Indian Airlines' plans to buy small capacity aircraft such as ATRs ... More

With days to go for redemption of RIBs — Banks fix rates on FC deposits at offshore units
BANKS with offshore banking units (OBU) in the country have announced interest rates to be offered on the foreign currency deposit to be held in these units. The interest rates being offered by State Bank of India on its deposit scheme, is ... More

Gold prices rise sharply in Mumbai
GOLD prices in Mumbai rose sharply, tracking the precious metal's movement on international markets where it touched a seven-year high of $392 per ounce on the back of a weak dollar and the OPEC's decision to cut oil output. Standard gold ended ... More

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