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Friday, December 24, 2004
Reforms had significant impact on monetary policy RBI report
MUMBAI, DEC. 23.The Reserve Bank of India today stated that structural reforms initiated in the Indian economy in the early 1990s had a significant impact on the conduct of monetary policy in terms of its objectives, strategies and tactics. "An ...
3 special economic zones cleared
NEW DELHI, DEC. 23. The Union Minister of Commerce and Industry, Kamal Nath, today cleared the establishment of a Special Economic Zone (SEZ) by Wipro Limited for software development and IT enabled services at Salt Lake Electronic City, Kolkata, ...
VSNL shoots off letter to TRAI, FLAG
MUMBAI, DEC. 23.In a move that could further escalate the ongoing bandwidth tussle between Videsh Sanchar Nigam Ltd. and Reliance-owned FLAG Telecom, the Tata group has alleged that the latter is planning to cut FLAG Europe Asia (FEA) cable ...
To place record with U.S. Government
MUMBAI, DEC. 23.In an attempt to clarify the allegations made by CompTel/Ascent, an organisation of 400 global telecom carriers, the Internet gateway and service provider, Videsh Sanchar Nigam Ltd. (VSNL), is to submit a "short response'' to the ...
HPCL pays interim dividend
NEW DELHI, DEC. 23. Hindustan Petroleum Corporation Ltd. (HPCL) today paid an interim dividend of Rs. 86.54 crores to the Government for the current fiscal. A cheque for Rs. 86.54 crores towards 50 per cent interim dividend (Rs. 5 per share) was ...
S&N makes open offer
BANGALORE, DEC. 23. Britian's top brewer Scottish and Newcastle (S&N) today made an open offer to acquire 20 per cent shares of United Breweries Ltd (UB) from the public at Rs. 575 per share. UB informed the Bombay Stock Exchange that S&N had ...
ICICI Bank's sponsored ADS
NEW DELHI, DEC. 23. Aiming to hit the global markets, with $400 million sponsored American Depository Shares by February, ICICI Bank has appointed R. Hariharan, ED of S&S Business Solutions, as scrutiniser for postal voting of shareholders to ...
GTL allots shares
NEW DELHI, DEC. 23. The board of directors of GTL has approved the allotment of 7.24 lakh equity shares of Rs. 10 each for consequent exercise of option to convert foreign currency convertible bonds worth 20 million Swiss francs, the company ...
Belfast centre in HCL Tech fold
NEW DELHI, DEC. 23. HCL Technologies today said it had acquired the remaining 10 per cent stake in Belfast-based Apollo Contact Centre of HCL Technologies BPO Services (NI) Ltd. for Rs. 15.23 crores. With the acquisition, the contact centre ...
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