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BSNL cuts STD rates 33 pc — 60% reduction in mobile tariff
ADDING fuel to the ongoing tariff war, Bharat Sanchar Nigam Ltd (BSNL) on Friday announced major tariff cuts for its 40 million subscribers, which include a 33 per cent reduction in STD charges. The company has also reduced local call tariffs for ...
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TRAI seeks fresh World Bank loan
THE Telecom Regulatory Authority of India (TRAI) has applied for a fresh loan of $3 million (around Rs 14 crore) from the World Bank for undertaking consultative studies on regulatory issues and training its staff. The move comes after the ...
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Price stability will be ensured, says RBI
ALLAYING apprehensions on the rising inflationary expectations and volatility in the domestic economy, the Reserve Bank of India Governor, Dr Y.V. Reddy, expressed confidence in ensuring price stability and containing the inflationary ...
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Rising gilt yields: Urban co-op banks want RBI's intervention
EVEN as the Reserve Bank of India grapples with ways to ease the impact of rising yields on commercial banks, another major segment of the financial sector is craving for the central bank's attention on the same count. The Urban Cooperative ...
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Aircraft acquisition — Kingfisher Air gets European credit support
THE UB Group on Friday said its proposed low-cost airline, Kingfisher Air, has the backing of European export credit agencies (ECAs) to acquire Airbus aircraft. The ECA-guaranteed aircraft finance transaction will help UB Holdings Ltd to raise ...
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Siemens VDO mulls merger with parent co
SIEMENS VDO Automotive Ltd is mulling a merger with German engineering giant Siemens, which holds over 86 per cent stake in the auto component company. A Siemens VDO Automotive official told Business Line that the company's board, at a ...
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China Sea systems take rain away from North
MOST parts of the country have gone without rains over the past few days with the monsoon trough shifting to the foothills of the Himalayas under the `pull effect' of a string of at least three active cyclonic circulations over the China Sea. ...
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ICICI Bank, ITC drag Sensex to negative zone
THE market, which pulled a hat trick by recording gains over three trading sessions, fell back into the negative territory on Friday. Even though rising crude prices have let up in the last few days, the fears surrounding inflation have clearly ...
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