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

DD, AIR to offer uplink facilities to private firms

Doordarshan and All India Radio are all set to open their gates to private players for use of the state-owned broadcasters' infrastructure facilities.

Rupee plunges to a new low of 45.15

The rupee hit a new all-time low, amid heavy dollar demand from corporates and importers on Tuesday. The rupee weakened by 13 paise in intra-day trading to end at 45.15/16.

Centre plans tariff cover for auto-ancillary units

The government plans to protect domestic auto-ancillary industry by an appropriate tariff policy when quantitative restrictions (QRs) are lifted by March 2001 as per the WTO agreement.

Trade deficit rises to $3 bn in April-June

The country's exports displayed an impressive performance by notching up a 27.55 cent growth in June this ear over the same month last year. The growth was fuelled by all major sectors, barring plantations.

Ciba Specialty to buy out IDI stake in Indo-Swiss

CIBA Specialty Chemicals (India) (CSCI) is in advanced negotiations to buy out YN Mafatlal group company IDI's 49% holding in their joint venture company, Indo Swiss Textile Chemicals (ISTCL). The buyout is expected to be done "at par" value.