Financial Daily from THE HINDU group of publications
Wednesday, December 08, 2004

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BSNL against cut in levy on international calls — `Will benefit only users in other countries'
BHARAT Sanchar Nigam Ltd (BSNL) has told the Telecom Regulatory Authority of India (TRAI) that any move to bring down the access deficit charge (ADC) on international long distance (ILD) calls would be against national interest. The BSNL move ... More

`Mukesh was briefed on Reliance Energy plans in October'
RELIANCE Energy Ltd (REL) on Tuesday said it had made detailed presentations on its growth strategy and plans to the board of Reliance Industries, including the Chairman and Managing Director, Mr Mukesh Ambani, on October 20. The day-long ... More

LS approves Bill on corporatisation of stock exchanges
THE Lok Sabha today approved the Securities Laws (Amendment) Bill, 2004 to provide for the corporatisation and demutualisation of all recognised stock exchanges. Replying to a brief discussion on the Bill, the Finance Minister, Mr P. ... More

Exchange for small, mid-cap cos to be operational by Jan
INDONEXT, a separate trading platform for small and mid-cap companies, will be operational early 2005, Mr G.N. Bajpai, Chairman, Securities and Exchange Board of India , has announced. It could be operational as early as January. All the ... More

Enterprise spending on ICT to grow over 16%: Gartner
ENTERPRISE spending on information, communications and technology (ICT) in India is expected to grow at 16.6 per cent, to $22.88 billion in 2005, as compared to the Asia Pacific growth of 7.6 per cent in that year, said Gartner, in its ... More

Fresh fiscal sops for SEZs likely by month-end: Commerce Secy
THE Central Government intends to soon introduce fresh fiscal incentives for developers and units in special economic zones (SEZ). These incentives are to form part of a legal package that is likely to be unveiled before the end of the month ... More

Essar Oil board to discuss debt restructuring
ESSAR Oil Ltd on Tuesday informed the stock exchanges that its board of directors will meet on December 13, to consider a revised debt-restructuring package approved by lenders. The corporate debt restructuring team, led by ICICI Bank, which ... More

Mid-cap, IT indices fare better
THE markets seem to be taking a breather after a hectic run-up in the past couple of weeks. After touching the all-time high for the second time during the twelve-month period, the Sensex stocks appear to be taking a break. The popular buying ... More

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