Tuesday, January 30, 2001
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IT Update

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Bidding for basic telecom services opens with a bang

Even as the cellular operators wage a battle against WLL mobility, the bidding process for the new basic service licences opened on Monday with a big bang. The first day saw most telecom majors file applications for at least 47 circles with the DoT.

Combined fiscal deficit rises to 9.9% of GDP

Reserve Bank of India, in its Report on Currency and Finance (1999-2000), has said that the combined fiscal deficit -- the Centre's plus states' -- of the country rose to 9.9 per cent of the GDP in 1999-2000: the highest in the last decade.

Ficci, CII support quake surcharge

Apex chambers expect a levy of additional surcharge on industry in the Budget due to the burden on the economy after the Gujarat earthquake. Both Ficci and the CII said that they would support any move of the government to manage the disaster.

JNU prof predicted Gujarat quake

He had predicted in September last year, that a quake would hit the western coast of India sometime between Nov and Dec 2000, after studying satellite photographs of the country's landmass. He had noticed changes in the sub-surface patterns near Gujarat.

Airbus logs record sales of $17.2 billion in 2000

European plane maker Airbus Industrie said on Monday that sales surged to a record $17.2 billion in 2000 and announced new orders for 520 planes worth $41.3 billion -- another high for the company.

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Executive Briefings

bullet.jpg (687 bytes) IDBI Q3 net up 10 per cent to Rs 155 cr

bullet.jpg (687 bytes) India Inc gears up to help quake victims

bullet.jpg (687 bytes) Financial institutions unwilling to pick up equity in public sector units


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