NATIONAL Infocomm case: Police asked to file status report A city court today (Feb 4, 2005) asked Delhi Police Special Cell to file status report by March 15 in the case filed against Reliance Infocomm for alleged violation of a law on pre-natal sex determination.
'Reliance violated licence, misrepresented facts' The Government has accused Reliance Infocomm of violating the licence by illegally routing international calls as local ones to avoid payment of levies to the telecom PSUs and alleged that the private operator had misrepresented the facts.
Sensex losses early gains, ends at 6618.23 pts After a firm start, prices met with heavy profit-selling at higher levels and declined sharply with the Sensex ending the day marginally lower at 6618.23 on the Bombay Stock Exchange (BSE) today (Feb 4, 2005).
Aircel evaluating offers to sell 49 per cent stake Aircel Televentures Ltd, a cellphone service provider in Tamil Nadu and Chennai telecom circles, today (Feb 04, 2005) said that it was evaluating various offers from Indian and overseas telecoms including a Russian firm to buy 49 per cent stake in the company.
Inflation drops to a 33-week low of 5.37 per cent Inflation dropped by 0.05 per cent to 5.37 per cent, touching a 34-week low, for the week ended January 22, mainly due to cheaper vegetables, fruits, edible oils, minerals, fuel and manufactured products.
SC notice to telecom operator on BSNL petition The Supreme Court today (Feb 04, 2005) issued notice to basic telecom operators on a petition filed by BSNL challenging TDSAT (Telecom Dispute Settlement and Appellate Tribunal) order asking it to extend the concessional alternate tariff package, offered by it to its customers, to the subscribers of other service providers.
Tricom expansion: Invest Rs 20 cr in Mumbai, Pune Non-voice business process outsourcing company Tricom India Ltd would invest Rs 20 crore (Rs 200 million) in its expansion programme, which includes setting up of a 600-seat facility in Mumbai and 1,500-2,000 seat facility in Pune.
SC notice on TRAI petition challenging TDSAT order The Supreme Court today (Feb 04, 2005) issued notice on a petition filed by Telecom Regulatory Authority of India (TRAI) challenging an order of TDSAT (Telecom Dispute Settlement and Appellate Tribunal) holding that the regulatory body had no authority to adjudicate on disputes raised by a service provider.
Sensex firms up by 46 points at opening session Extending its yesterday's (Feb 03, 2005) steep rally, the Sensex started the day on a promising note and rose further at the opening session on Bombay Stock Exchange (BSE) today (Fen 04, 2005) due to increased buying activity with blue chip counters showing remarkable gains.
Outsourcing not a zero-sum game: US Ambassador Contrary to domestic apprehensions, US said on Wednesday (Feb 02, 2005) that outsourcing was not a zero-sum game and it has in fact benefited from other countries' investment by way of job creation and economic growth.
INTERNATIONAL FM hints at 'mix of policies' to spur investment With India's GDP nearing $ 800 billion and exports of goods and services at a record $ 133 billion, Finance Minister P Chidambaram today (Feb 4, 2005) hinted at a "mix of policies" to spur investment and growth, three weeks ahead of the budget.
Chidambaram opens London Stock Exchange building Symbolising the growing commercial and economic links between Britain and India, Union Finance Minister P Chidambaram today (Feb 4, 2005) formally inaugurated the newly built London Stock Exchange (LSE).
Indian economy to grow at 'robust' 6.5 pc: IMF The International Monetary Fund (IMF) has said that the Indian economy would grow at a "robust" 6.5 per cent but warned that huge fiscal deficit and public debt were impediments in sustained growth.
Make globalisation more inclusive: Chidambaram India yesterday (Feb 03,2005) urged the developed countries to review the process of globalisation and make it more inclusive, just and equitable so that the developing countries could benefit from its prosperity.
