Online edition of India's National Newspaper
Wednesday, June 02, 2004
Indian steel prices unlikely to go up
NEW DELHI, JUNE 1.Foreseeing no further increase in steel prices in view of the softening global prices, the Indian Steel Alliance (ISA), an association of five hot-rolled steel coil producers, today asked the Government not to regulate prices ...
Resumption of DEPB benefits sought
KOLKATA, JUNE 1. With the ouster of BJP-led coalition government from power, the steel industry expects a reversal of its controversial (NDA Government's) policies. The Indian Steel Alliance (ISA), the association of major steel producers, ...
GAIL efforts to speed up national gas grid
CUDDALORE, JUNE 1. It has been proposed to set up a "national gas grid" on the lines of the power grid, so as to bring the entire country under a single and common transmission and distribution network. The Gas Authority of India Ltd (GAIL) ...
Maran for cheaper, faster Internet services
NEW DELHI, JUNE 1.The Union Minister for Communications and Information Technology, Dayanidhi Maran, has underlined the need for providing fast and cheap broadband and Internet connectivity to give a fillip to interactive services. In his first ...
Markets jittery over oil prices
LONDON, JUNE 1.Global oil markets are bracing themselves for a volatile day, after weekend attacks on civilians in Saudi Arabia raised doubts about the kingdom's ability to turn on the taps and stabilise the feverish oil market. With OPEC, the ...
Sensex bounces back on hectic shortcovering
MUMBAI, JUNE 1. The market bounced back and recouped overnight losses, aiding the Sensex to end 76 points up on the Bombay Stock Exchange today on hectic shortcovering prompted by positive FIIs inflows on Friday. The BSE benchmark 30-share ...
Rupee gains four paise
MUMBAI, JUNE 1.Rallying further on the back of strong bunched up dollar supplies, the rupee gained another five paise today, despite growing concerns over surging global crude oil prices after the Saudi attacks. In moderately active but cautious ...
MERC rejects Tata Power's claims
MUMBAI, JUNE 1.The Maharashtra Electricity Regulatory Commission (MERC) has passed an order dated May 31 on the matter of the standby charges dispute between Tata Power (TPC) and Reliance Energy (REL), and has rejected TPC's claim that the ...
Idea buy out
NEW DELHI, JUNE 1. The Singapore Technologies Telemedia (STT) and the Malaysian Telekom combine have reached an agreement with the AT&T for acquiring its 33 per cent stake in mobile operator Idea Cellular Ltd. "A broad agreement has been reached ...
3 banks to take stake in MCX
MUMBAI, JUNE 1. The Multi Commodity Exchange of India (MCX) today announced that three leading nationalised banks, Union Bank of India (UBI), Bank of India (BoI) and Corporation Bank have given their in-principle approval to pick up equity stake ...
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