The Telegraph
Since 1st March, 1999
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Business Briefs

Common trading platform

Kochi, July 5: A common trading platform, for scrips having paid-up capital of up to Rs 20 crore, will be set up shortly at the Bombay Stock Exchange. This decision was taken at a meeting of the heads of the 10 stock exchanges, who met here today to discuss the integration of trading platform. Briefing reporters after the meeting, senior officials of the stock exchanges said the regional stock exchanges would be taking approval of their respective board of directors and the Securities and Exchange Board of India (Sebi) before the trading platform was formally launched.

Forex reserves

Mumbai, July 5: India’s foreign exchange reserves declined by $ 215 million at $ 81,905 million during the week ended June 27, 2003. The foreign currency assets also fell by $ 215 million at $ 78,231 million during the period under review, according to Reserve Bank’s weekly statistical supplement. The gold and special drawing rights remained unchanged at $ 3,673 million and $ 1 million respectively.

AirTel STD rates

Calcutta, July 5: AirTel subscribers in the city can now avail of reduced rates on calls made to the US and Canada on weekends – from Friday 10 pm to Monday 6 am). International calls will be charged at Rs 9.99 per minute, inclusive of airtime and call charges, as against Rs 15.99 per minute on weekdays. The offer is valid for postpaid and prepaid users for this month.

Escotel plan

New Delhi, July 5: Escotel Mobile Communications today said it would invest Rs 150 crore in 2003-04 for expansion and upgradation of its GSM network. Escotel, which operates in three circles — Uttar Pradesh (W), Haryana and Kerala — has a subscriber base of six lakh with 2.5 lakh coming from UP (W) alone.

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