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Business Briefs

Telecom panel set up

New Delhi, Sept. 11: The government today constituted a group of ministers headed by finance minister Jaswant Singh to resolve the ongoing dispute between cellular and basic operators on WiLL services and also recommend steps for unification of licenses. The group would chart out a course to universal licence, review adequacy of steps for enforcing limited mobility within local call area for WiLL services for basic operators and recommend future course of action in this regard, a government notification said.

Listing norms

Agra, Sept. 11: Sebi said a decision to allow Indian firms to simultaneously list at domestic and international bourses will be taken by this fiscal. “The primary markets advisory committee is looking into it and a decision will be certainly taken in this fiscal itself,” Sebi chief G. N. Bajpai said.

Cairn find

New Delhi, Sept. 11: British firm Cairn Energy Plc has struck oil in the shallow water Gauri gas field off Gujarat, company sources said.

Toyota target

Mumbai, Sept. 11: Toyota Kirloskar Motor is expecting a 58 per cent jump in revenues and a 3.6 per cent rise in sales for the current fiscal. “We expect revenues of Rs 2,700 crore for 2003-04 compared with Rs 1,700 crore last year and sales of 34,000 units in 2003 as against 25,050 units in 2002-03,” vice chairman Vikram Kirloskar said.

GDP growth

New Delhi, Sept. 11: The economy is likely to grow at about 6.5 per cent this fiscal driven by a strong revival of agricultural growth, sustained growth of services sector and strong rebound of industry and manufacturing, says Planning Commission member N. K. Singh.


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