Demat charge waived

Mumbai, Jan. 28: The Securities and Exchange Board of India today said no charge would be levied on opening a demat account, except statutory fees, from February 1. There will be no charge for crediting securities into investors? demat accounts. Custody charges will not be levied on any investor who opens an account on or after February 1. From April, custody charges for all investors would be waived.

IDBI move

Mumbai, Jan. 28: IDBI has hired Hewitt & Associates to advise it on introducing cost-to-company approach and an integrated compensation package for employees, CMD M. Damodaran said today.

MTNL plea

New Delhi, Jan. 28: Telecom tribunal TDSAT has reserved till Monday its judgement on MTNL?s petition challenging Trai?s new tariff pattern and ruled that it had prima facie jurisdiction over deciding on regulations.

Videocon buy

New Delhi, Jan. 28: The Videocon group today said it would give details of the proposed acquisition of the Italian picture tube plant of French technology firm Thomson next week.

Airlines offer

New Delhi, Jan. 28: Air-India and Indian Airlines are preparing initial public offers to be launched next fiscal to fund fleet acquisition programmes and enhance the debt-equity ratio.