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Business Briefs

BSNL to stay with Plan-325

New Delhi, Jan. 6: Bharat Sanchar Nigam Limited (BSNL) today received a shot in the arm with the telecom dispute settlement tribunal allowing the corporation to continue with its customer friendly Plan-325 for its cellular operations. It has also been allowed to revise the tariff downward further. Under this plan, BSNL was charging Rs 325 as monthly rental with free incoming calls from the BSNLís network and Rs 2-a-minute for outgoing calls to its network and Rs 2.40 for other networks.

StanChart move

New Delhi, Jan. 6: Standard Chartered Bank today said it was interested in buying out any medium-sized Indian bank if the government allowed 51 per cent foreign stake as part of its growth strategies.

AT&T job cut

Bedminster, N. J., Jan. 6: AT&T Corp said on Monday it will cut about 3,500 jobs, or about 5 per cent of its work force, and take a $ 240-million charge as it pares costs amid shrinking revenues and stiff competition.

Industry view

New Delhi, Jan. 6: Commerce and industry minister Arun Shourie today sought suggestions of the industry on measures needed to improve the investment climate in the country.

Moser Baer

Mumbai, Jan. 6: Moser Baer India Limited today announced that the European Commission has proposed to terminate the anti-dumping proceedings against the company with respect to the manufacturing of recordable compact disks.

Infosys results

Bangalore, Jan. 6: Infosys Technologies will announce results for its third quarter ended December 31, 2002, on January 10.

Polaris team

New Delhi, Jan. 6: A fortnight after their problem with Bank Artha Graha in Indonesia, a two-member Polaris team leaves for Singapore on Tuesday in a possible attempt at initiating arbitration over the dispute.

Company board

Mumbai, Jan. 6: In a move to revamp corporate governance practices, Sebi will look afresh at the issue of number of company directorships that a person could hold.


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