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Business Briefs 17-08-2007

DCM land Mobile tariff Fuel price Gas panel PSU revival

The Telegraph Online Published 17.08.07, 12:00 AM

DCM land

New Delhi, Aug. 16: DCM Shriram Consolidated has sold 38 acres of Swatantra Bharat Mills to real estate major DLF for Rs 837 crore. The project has been valued at Rs 1,675 crore. DSCL owns 50 per cent undivided rights and titles in the project. DCM Shriram will use the money to part fund its expansion.

Mobile tariff

New Delhi, Aug. 16: Trai has said it cannot regulate mobile tariffs, although it felt that a recent hike in call and sms rates by some operators was not in the interest of consumers.

Fuel price

New Delhi, Aug. 16: State-run oil firms have sought an immediate hike in petrol, diesel, lpg and kerosene prices as they are losing over Rs 185 crore per day on sale of the four products.

Gas panel

New Delhi, Aug. 16: An empowered group of ministers, headed by external affairs minister Pranab Mukherjee, will decide on pricing and utilisation of gas from new fields such as RIL’s kg-d6.

PSU revival

New Delhi, Aug. 16: The government has approved proposals to revive 26 central public sector entreprises, involving an investment of Rs 8,263 crore.


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