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Noted

By the TV Today Network, the Rs 200-crore topline mark in 2006-07. Its revenues have grown over 20 per cent to Rs 202.44 crore (Rs 167.89 crore) and its net profit is up 12 per cent to Rs 31.09 crore against Rs 27.77 crore last year.

Crossed: By the TV Today Network, the Rs 200-crore topline mark in 2006-07. Its revenues have grown over 20 per cent to Rs 202.44 crore (Rs 167.89 crore) and its net profit is up 12 per cent to Rs 31.09 crore against Rs 27.77 crore last year. The company has declared a dividend of 15 per cent.

Allowed: By the Reserve Bank of India, investments-in foreign exchange-traded funds, ADRs and GDRs-by domestic mutual funds.

The fund houses can also invest in unlisted overseas securities, an RBI notification said.

Introduced: By TRAI, a regulation that imposes a fine of Rs 500 on telemarketers for unsolicited calls to subscribers who have listed their phone numbers with the National Do Not Call Registry.

The calling companies will be given a warning the first time. The fine will be imposed for a second offence.

Launched: On the Dubai Gold & Commodities Exchange, the first-ever exchange-traded futures contracts in Indian rupees, thus, giving investors a chance to hedge against risks.

The contracts, linked to the future value of the rupee and settled in euros, will be outside the jurisdiction of RBI.

Appointed: In five public sector banks, new CEOs. K.C. Chakrabarty, CMD of Indian Bank, took over as CMD of PNB; T.S. Narayanasami, CMD of IOB, now heads Bank of India; Alok Mishra, ED of Canara Bank, took over as CMD of Oriental Bank of Commerce; UCO Bank's ED S.A. Bhatt moved to Indian Overseas Bank and Indian Bank's ED M.S. Sundar Rajan now heads the bank.

Arun Sarin
Arun Sarin
 

Crossed: By GSM mobile operators in India, the 130-million subscriber mark in May. Bharti Airtel retains its #1 position with a share of 31.2 per cent.

Hutchison Essar, in which the UK-based Vodafone (CEO Arun Sarin pictured here) recently acquired a majority stake, has become the #2 GSM player in the country with a share of 22.36 per cent, displacing PSU operator BSNL which came in next with 21.48 per cent.

Published on: Sep 03, 2007, 5:18 AM IST
Posted by: AtMigration, Sep 03, 2007, 5:18 AM IST