NATIONAL Reliance, Bharti, Videocon in race to modernise airports Ten leading Indian corporates and foreign investment and airport companies, including Reliance, Bharti and Videocon, today (July 20, 2004) entered the race for modernisation of Delhi and Mumbai airports.
Delay in Govt decision cuts Sensex run; down 18 pts The market cut short three-session gaining string and ended with a moderate fall of 18 points as investors turned sellers in the technically overbought market as decision on the proposed transaction tax rate was deferred by a day coupled with demands of rollback of hike in FDI (Foreign Direct Investment) limit by one of the outside supporters of the UPA (United Progressive Alliance) Government today (July 20, 2004).
Tata Teleservices to invest Rs 417 cr in Karnataka Private telecom player Tata Teleservices today (July 20, 2004) said it would invest Rs 417 crore in Karnataka this fiscal in expanding capacity and target an
additional 4.5 lakh connections in the State.
Air fare war begins: Sahara targets Rail passengers Taking forward competition in airfares by targeting AC two-tier train passengers, Air Sahara on Monday (Jul 19, 2004) launched its "Surprise" scheme introducing the first advance purchase (APEX) return scheme and reducing the fares by almost 30 per cent.
Revenue deficit of States is improving: Chidambaram Government today (Jul 20, 2004) said that the revenue of States as a percentage of GDP (Gross Domestic Product) has come down by 0.25 per cent during the last five years after the implementation of 5th pay commission recommendations in early 1990s had left State finances in a crisis.
