Tags:
Journalism of Courage
GDP to grow 6 pc 8212; NCAER
NEW DELHI: India8217;s gross domestic product is expected to grow by six percent in 1999/2000 April-March while agriculture would grow by 4.2 percent, the National Council of Applied Economic Research said on Monday.
COAI accepts sops, TRAI to move HC
NEW DELHI: Cellular Operators Association of India COAI met here today and decided to 8220;unconditionally8221; accept the new telecom package.
Most of the operators are likely to withdraw the litigationsagainst the Government, as a pre-requisite for making companies eligible to move to the new package. However, metro operators have reservations about specific mention of which cases have to be withdrawn from the courts. The operators are uncomfortable about withdrawing the case relating to the jurisdiction of the TRAI pending with the Delhi High Court. TRAI is expected to approach the Delhi High Court to pronounce the judgment on the case which has already been heard. 8220;We will ask the court to convert us from the respondents to the appellants in the given case if the private operators withdraw their case,8221; said Justice S S Sodhi, chairman, TRAI.
Redrock takes over Weikfield Intl
DUBAI: Redrock Ltd, a Jebel Ali Free Zone based company, which makes Dabur India products under a licensing agreement, on Wednesday acquired a controlling interest in the Sharjah-based Weikfield International through an equity buyout. Weikfield International was set up originally as a joint venture between theBritish Virgin Island based Weikfield Overseas a wholly-owned subsidiary of the India based Weikfield and a UAE-based consumer products company. Jay Krishna, CEO of Redrock Ltd, said the company plans to increase its equity ratio in the company in a few months time.
