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Since 1st March, 1999
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Business Briefs

BSNL hints at tariff revision

New Delhi, Nov. 3: BSNL today assured its subscribers that benefits arising out of Trai's revised interconnect usage charges regime would be passed on to them and hinted at a possible “downward trend” in long distance tariffs. “Our fixed line customers will benefit from the revised charges,” chairman and MD Prithipal Singh said. An announcement on this is expected in two to three weeks.

Nalco net up

New Delhi, Nov. 3: National Aluminium Company (Nalco) has posted a 73 per cent growth in its net profit in the second quarter of 2003-04 at Rs 189.85 crore over the same period a year ago.

Power licence

New Delhi, Nov. 3: Reliance Industries and Essar Energy are among the six applicants who have sought licences to venture into power trading. Others include Power Trading Corporation, Trans Power Ltd, Koila Energy and Adani group.

EU norms

New Delhi, Nov. 3: In a move which could impact Indian textiles exporters, the European Union is considering modelling its 'rules of origin' for imports on the lines of the US. Joint secretary K K Jalan said the new rules will make it compulsory for the exporter to mention the place of manufacture of the product.

Parekh’s bail

Calcutta, Nov. 3: An application for cancellation of the bail of Kamal Parekh, accused in the Rs 120-crore CSE scam, was rejected by the Calcutta High Court today.

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