The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson.
Vishwapati Trivedi, a 1977 batch IAS officer, on Saturday took over as the new chairman and managing director of public sector carrier Indian (formerly Indian Airlines).
Infotech publication Dataquest has chosen Tata Consultancy Services CEO Subramaniam Ramadorai as the 'IT man of the year 2004' and Indian Railway Catering and Tourism Corp for its 'pathbreaker award' for the same period.
State-run BSNL is likely to place a Rs 20,000 crore (Rs 200 billion) mobile telephony order with the two winners of the contract - Ericsson and Nokia - by second week of May to increase the capacity of its network.
A special court has convicted four persons, including two brothers of security scam mastermind Harshad Mehta, for their involvement in a related Rs 50 crore (Rs 500 million) fraud.
MTNL on Tuesday launched its long distance services between Delhi and Mumbai, opting Tata-owned VSNL as its preferred carrier for STD calls -- a move that could bring down call rates.
The ban on Gaikwad was revoked last Friday after a letter from the ministry of civil aviation "advised" it to do so.
Within two weeks of offering voluntary retirement to 612 officers, state owned MTNL on Tuesday signed up another 1300 Group 'C' and 'D' employees for separation.
The mobile units with online facility will visit the houses of clients with thousands of proposals, R Chandrasekharan, CMD, Garuda International, said.
Faced with the challenge of retaining subscribers, state-owned MTNL is launching a 3-in-1 service, offering voice, broadband and cable TV on a single line while assuring affordability to its customers.
Bharat Hotels Ltd, which operates hotels under brand name 'The Grand', is planning to pump in Rs 1,400 crore (Rs 14 billion) to expand its presence in India by 2008, even as it is mulling an IPO to mop up the funds.
TVS Motor Company on Thursday said it would hit the Indonesian market by October 2006 with its step-thru vehicle.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
Parle Bisleri Pvt Ltd, the packaged drinking water maker, has planned a foray into the domestic fruit juice market and earmarked an investment of Rs 100 crore (Rs 1 billion) for the upgradation of its Chittor plant and setting up of a new facility.
The agency said the recall of the order granting Kumar an interim protection from the arrest was necessary.
BSNL also launched a pre-paid card with lifetime validity for Rs 949 which includes preloaded talk time of Rs 99.
State-run Mahanagar Telephone Nigam, which had acquired the licence to offer telecom services in Mauritius in 2004, has started operations with international long distance services to begin with.
Housing sales fell by about 30 per cent last year in seven major cities due to costlier flats and higher interest rate, says property consultant CBRE.
'The government has just scratched the tip of the surface with the recent announcement. They are not realising the gravity of the situation.'
As soon as the amended Atomic Energy Act is cleared, Reliance Energy would be the first company to come forward to set up nuclear power plants
On name change, Bajaj Tempo CMD Abhay Firodia said, "As per the directive received from the regional director, western region, ministry of company affairs, the company has proposed to change its name to Force Motors Ltd."
GailTel, the telecom arm of state-owned Gas Authority of India announced on Thursday an investment of Rs 750 crore (Rs 7.5 billion) over thr next five years to expand its telecom infrastructure, combining it with its proposed city gas pipeline.
Pai sought to look at the issue of founders raising questions as shareholder activism.
Even as the ITSA has opposed appointment of MTNL's director finance as the corporation's new CMD alleging that serious complaints against him were pending investigation, Communications Minister Arun Shourie has dismissed the charges.
Bharti's undersea fibre-optic cable connecting Chennai with Singapore has not been affected by the deadly tsunami waves, triggered by the massive quake off the Indonesian coast, its CMD Sunil Mittal said on Tuesday.
State-owned Bharat Sanchar Nigam Ltd on Friday said the concept of 'One India', entailing single tariff for local and STD calls, was welcome from the consumers' point of view but its impact on companies' finances would have to be assessed.
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