Reliance, BSNL forge interconnect pact -- 30:40:30 formula for revenue sharing
RELIANCE Telecom has signed a three-way interconnect agreement with Bharat Sanchar Nigam Ltd (BSNL) over sharing of the revenue from long-distance calls made in all the 18 circles where it holds licences to offer basic telecom services.

Mauritius to work with SEBI, RBI to check fund misuse
IN an apparent bid to avoid friction with Indian regulators and protect its interest as an offshore investment `base', the Mauritius Government on Thursday promised increased transparency about entities based in that country.

Enron sacks India staff
ENRON today confirmed that it is retrenching all remaining employees of the Dabhol Power Co as well as of Enron India Pvt Ltd. Altogether, Enron employs about 200 personnel in India.

Maruti may hike prices by 3 pc
MARUTI Udyog Ltd is raising car prices, most likely from January 2002, citing increase in its input costs, highly placed company sources said on Thursday.

Arvind Mills unveils American strategic initiative
ARVIND Mills Ltd (AML) has announced its new strategic initiative to vertically integrate its textile business in North and South America by offering the full portfolio ranging from fabric to garments.

Nestle set to make ice-cream splash
NESTLE India Ltd's much-awaited foray into the domestic ice-cream market may be getting closer to taking final shape.

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