The Hindu Business Line : Saturday, November 08, 2003

`Breach of privilege'
TN Assembly orders arrest of The Hindu Editor, Publisher
THE Tamil Nadu Assembly today ordered the arrest of the Publisher, Editor, Executive Editor, and two other senior journalists of The Hindu for an editorial based on articles that was a "gross act of contempt of the House as a whole" and a ... More

SBI drops deposit rates
STATE Bank of India has decided to lower its deposit rates by 25 to 50 basis points across maturities with effect from November 10. Interest rates on domestic term deposits with a maturity of 15-45 days have been lowered by 25 basis points to 4 ... More

BSNL slashes rates for South-East Asia — `Festive tariffs' for UK, US, Canada extended
"The Diwali ISD rates that we had announced last month has given us very encouraging results with ISD traffic picking up substantially. We have, therefore, decided to extend the validity till mid January next year." More

ITC buys paperboard unit of Bilt for Rs 233 cr
ITC Ltd has announced that it would acquire the paperboard division of Bilt Industrial Packaging Company Ltd (BIPCO) for Rs 233 crore. The two companies have entered into an agreement that would enable ITC to acquire BIPCO's paperboard ... More

Jaitley promises more sops to improve export competitiveness
A DAY after the Government extended major sops to units in the special economic zones (SEZs), the Union Commerce and Industry Minister, Mr Arun Jaitley, promised that more steps would be taken to improve the competitiveness of Indian ... More

Foreign banks allowed to remit profits
FOREIGN banks operating in India have been permitted to remit net profits/surplus (net of tax) earned, on a quarterly basis to their head offices. The remittance can be made following quarterly audit, without prior the Reserve Bank of India ... More

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