No worry on fiscal front: Govt
THE Government's policy managers today held that all was well with the fisc and dismissed apprehensions over both the depletion in forex reserves and rise in the inflation rate.

Decision on NLD services deferred
THE full Telecom Commission on Thursday had to defer a decision on opening up of the National Long-Distance (NLD) telephone services owing to differences between representatives of other Ministries as well as the Planning Commission on the issue of numbe r of players that should be permitted in the sector.

Borrowings outlook uncertain despite buoyancy in collection
THOUGH the gross tax collections have surged 24 per cent during the first quarter of the current fiscal, there are doubts whether this would translate into any massive reduction in the Government's borrowing programme for the current fiscal.

SEBI imposes incremental margin on ALBM -- Exchanges told to disclose daily net open positions of 500 scrips
THE SEBI-promoted Risk Management Group, which met today, decided to extend the incremental carry forward margins to cover the Automated Borrowing and Lending Mechanism (ALBM) of NSCCL.

FDI worth Rs 1,465 cr cleared
THE Government has cleared 45 cases of foreign direct investment (FDI) worth around Rs. 1,465 crores, including a Rs. 880 crore ADR issue of pharmaceutical major Dr. Reddy's Laboratories Ltd.

HFCL acquires Page Point
HIMACHAL Futuristic Communication Ltd (HFCL) has acquired Page Point, Motorola's paging service venture of Motorola in Mumbai, Bangalore, Hyderabad and Pune, making it the country's largest paging service provider with a consumer base of nearly two lakh s.

MNC smell fragrance, local don't
MNCs' penchant for the desi cottage sector seems to be on the rise. A few years back, Pepsi bit into the -- bhujia -- market and now HLL has come sniffing after the Rs. 1,000-crore agarbathi fragrance.

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