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Govt to divest 5 pc equity in PFC — Co to issue fresh shares equivalent to 10 pc its equity
THE Government will be disinvesting five per cent of its equity in Power Finance Corporation to the public. PFC will also issue fresh shares equivalent to 10 per cent of its equity base to the public simultaneously. "The Cabinet has cleared ...
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Hectic trading in Reliance scrip; special trading session today
ON the last day of trading prior to its de-merger, the Reliance Industries (RIL) counter witnessed hectic activity, sending the stock up by more than 6 per cent. The RIL stock on Tuesday closed at Rs 928.15 on the BSE, up Rs 55.05 (6.31 per ...
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Jet-Sahara deal likely by weekend; snags over cricket sponsorship
THE buyout of Air Sahara by Jet Airways is likely to be concluded by this weekend, provided the two sides can resolve some glitches that have cropped up along the way. One such issue is the sponsorship of the Indian cricket team by the ...
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UTI MF dangles market-level pay, perks to motivate staff
THE country's largest mutual fund, UTI Mutual Fund could soon set fresh pace for the industry. In an attempt to invigorate its staff, the board of directors of UTI MF has cleared a proposal to devise fresh market-related pay packages and a major ...
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Bharti to hold 40 pc stake, AXA 22.2% in life insurance venture
THE Bharti group and global insurance major AXA have finalised the equity holding structure for their Indian life insurance venture. Bharti Enterprises would directly hold the largest chunk of 40 per cent shares while AXA would directly own 22.2 ...
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E-learning initiative for quality education launched — Nasscom, MAIT ink pact to support UN efforts
A Global Innovation Centre would be set up in the country for showcasing, incubating and disseminating ICT technologies and tools.
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NCW safety norms for women in BPO sector soon
CLOSE on the heels of the gruesome rape and murder of a call centre employee in Bangalore, the National Commission for Women (NCW) has said it will finalise guidelines to ensure safety of women employees in the business process outsourcing ...
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Cellular congestion getting worse: TRAI
CELLULAR operators are unlikely to meet the deadline set by the Telecom Regulatory Authority of India (TRAI) to improve the quality of service. The TRAI report for November 2005, released today, shows that the congestion levels have further ...
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Reliance Info's fixed line wireless phone a mobile service: TDSAT
IN a blow to Reliance Infocomm, the Telecom Dispute Settlement Appellate Tribunal (TDSAT) today said the fixed wireless terminal (FWT) phone being offered by the company was equivalent to a limited mobile service and not a fixed line ...
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`Effluent treatment plants to qualify as `infrastructure facility'
POLLUTION control has got a leg up. The Central Board of Direct Taxes (CBDT) has held that effluent treatment and its carriage system would qualify as `infrastructure facility' for the purpose of tax breaks under Section 80-IA of the income-tax ...
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Fall in mercury, fog forecast in North
THE latest in the series of western disturbances to cross into the northwest of the country has induced a `low' to its southwest over northwest Pakistan, which is expected to cause scattered to widespread snowfall and rain in the impacted region. ...
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