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

TRAI defers second phase of tariff cut

In its first major decision, the reconstituted Telecom Regulatory Authority of India (TRAI) has decided to defer the second phase of reduction of telecom tariffs, including STD/ISD call charges, by four months to July 2000.

Zee to pre-pay Star's $150m dues

Zee Telefilms will pre-pay the Rupert Murdoch-owned Star TV the entire cash component of $150 million on Friday. It has decided not to opt for the facility of clearing half the dues by September 30, 2000.

3 StanChart top guns quit

Standard Chartered Bank's (StanChart) country treasurer and deputy country head (India) Sharat Anand put in his papers on Thursday. Leaving along with Anand is the bank's head of trading, Janak Desai, and chief dealer-foreign exchange, Sanjay Bhasin.

HDFC vs ICICI -- It's war on home-loan front

A fierce, no-holds-barred war is being fought on the home loans turf. ICICI, a relatively new entrant, is challenging the supremacy of the Housing Development Finance Corporation (HDFC), the housing finance major.