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

VSNL monopoly to ring off in 2002

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday decided to end the 10-year monopoly granted to Videsh Sanchar Nigam Ltd (VSNL) on international telephone traffic from April 2002, two years ahead of schedule.

IFCI begins recast ahead of Basu panel report, seeks Rs 400 cr extra funds

Financial institution IFCI Ltd has begun undertaking a slew of steps to restructure itself ahead of a critical report to be submitted by an expert committee on the institution's future strategy and repositioning.

Dotcoms turn a twilight industry

It's hangover time. The sale of the education site excelatexams.com to the Institute of Management Studies for what sources claim was a throwaway price, appears to be just the first warning that the binge in the surge economy is over.

Ficci ensures IT biggies don't keep off PM

The Ficci has salvaged the proposed IT professionals' meeting with Prime Minister AB Vajpayee in US from a near-total washout, with about 20 top-rung Indian Americans now slated to have an audience with him in Washington on September 16.

MSEB tender `fiddle' eases PSU out of bidding

CMC Ltd, a public sector undertaking under the department of electronics, has alleged that the MSEB tender documents were modified to disqualify it and C-DAC, paving the way for Siemens to bag a Rs 23-crore order for replacing the R-30 computer of the board's SCADA system.