Financial Daily from THE HINDU group of publications
Tuesday, February 24, 2004

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VSNL blocking FLAG, says Reliance
RELIANCE Infocomm has complained to the Telecom Regulatory Authority of India (TRAI) that its wholly-owned subsidiary, FLAG Telecom, which owns and manages an extensive undersea optical fibre network, is being prevented by Videsh Sanchar Nigam ... More

Defer CAS by 3 months: TRAI
THE implementation of the conditional access system (CAS) seems to have been put off again with the broadcast regulator, the Telecom Regulatory Authority of India (TRAI) recommending a further three-month deferment. This recommendation implies ... More

ONGC begins roadshow
THE offer for sale of Union Government's 10 per cent stake in ONGC Ltd will open on March 5 and close on March 13, Mr Subir Raha, Chairman and Managing Director, ONGC, said today. The Government holds 84.11 per cent stake in the upstream oil ... More

Sensex down 153 points
PRIMARY market promise took the sheen off secondary markets today, as investors selling ahead of upcoming public issues caused a 153-point decline in the BSE Sensex. Also contributing was the expiry of the February derivatives contract. Brokers ... More

Companies allowed to raise ECBs for overseas investment
IN an effort to facilitate Indian corporates in becoming global players, the Reserve Bank of India (RBI) today permitted eligible resident corporates to raise external commercial borrowings (ECBs) for overseas direct investment in joint ventures ... More

Poverty can be good business
To most decision-makers in the banking sector, this may come as a bizarre suggestion. But a group of people is quietly working to "change this mindset" by proposing alternative models to convince bankers that profits can be reaped from banking ... More

A silky touch of technology
THE traditional weavers of Kancheepuram, known for creating the magic of the heavy bordered and gorgeous silk sarees seem to have got a further boost with introduction of technology. The sheer number of designs have spiralled from a meagre 500 ... More

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