ITC keen on UK hotel

New Delhi, Sept. 8: ITC today said it is keen on investing in the hotel sector in Britain following the air-services agreement between India and the UK. ?We are keen on investing in the sector especially with both countries signing the air services agreement,? ITC chairman Y.C. Deveshwar said. The company is also planning to open two ?super luxury? hotels in Chennai and Bangalore.

Suzuki chief

New Delhi, Sept. 8: Within a week of the government deciding to sell 8 per cent of its stake in Maruti Udyog , Suzuki Motor chief Osamu Suzuki called on finance minister P. Chidambaram today.

Trai move

New Delhi, Sept. 8: Trai today ordered reduction of tariff for international bandwidth, which will help business process outsourcing companies and internet service providers.

GDR issue

Mumbai, Sept. 8: The Securities Appellate Tribunal today directed market regulator Sebi to clarify whether the issue of global depository receipts (GDRs) amounted to public issue of shares and if such issues can be considered as non-promoter holdings.

Bank audit

New Delhi, Sept. 8: The Institute of Chartered Accountants of India has revised the format of report of auditors of nationalised banks as well as banking companies with effect from April 1, 2006.