Centre disbands TRAI, to set up new regulatory body sans judicial powers
The Government on Wednesday decided to disband the Telecom Regulatory Authority of India (TRAI) and appoint a new body in its place, and divest it of judicial powers by setting up a telecom dispute settlement and appellate tribunal.

Govt to simplify cotton import procedures
The textile commissioner has agreed to rationalise the procedures regarding cotton imports currently allowed under open general licence (OGL).

ICICI Bank Q3 net soars 101% to Rs 28.26 cr
ICICI Bank has posted a 101% jump in its net profit to Rs 28.26 crore for the third quarter of 1999-2000, compared with Rs 14.04 crore in the corresponding quarter last year. This is on account of a 49.83% jump in the bank's total income in the quarter to 254.65 crore.


  Standard & Poor's affirms double-`B' rating for L&T
  Zero-rate policy abnormal, says Bank of Japan official
  Long-term rates high, say South Korean experts
  Assocham opposes revised sales tax structure
  ADR, GDR norms eased
  Alliance Sector Fund mops up Rs 600 crore
  Port stir Day 2 -- Calcutta, Mormugaon worst hit
  Ministry plans to cut GPF, EPF rates
  ICAO moved to extradite hijackers
  Pentasoft's ADR/GDR issue size
  PPF collections to resume on Jan 24
  HDFC Bank-TimesBank merger referred to RBI
  S&P affirms RIL rating to stable at BB