Financial Express - India's leading business newspaper from the Indian Express Group

Draft convergence bill moots TRAI abolition

The draft convergence legislation has proposed creation of two regulatory- cum-licensing bureaux - carriage and content - which will operate under a umbrella super-regulator and unified licensing body, to be appropriately called ICE Authority.

Telco net dips 26.9% to Rs 71.2 cr

Boosted by a hefty Rs 261.53-crore profit from sale of investments and three critical sub-assemblies, Tata Engineering has managed to stay in the black during 1999-2000, even as net profit dipped 26.9% compared with the previous fiscal.

Paswan giftwraps phones, bonus for DoT staffers

Communications minister Ram Vilas Paswan on Monday announced a twin bonanza for telecom employees: a rent-free telephone and 70 days bonus for 1999-2000.

Old economy pulls Sensex up 105 pts

A mixture of fund buying and operator-led purchases led the bellwether Sensex to rise 105 points to close at 4185.85 on Monday. Most domestic funds were switching their portfolio from technicals to the fast-moving consumer goods and multinational stocks which saw pivotal cyclicals open strong.