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First
match to be telecast on DD
New Delhi: A three-judge Bench of the Supreme Court,
headed by Mr Chief Justice V.N. Khare, recorded the undertaking
of Ten Sports to provide the telecast feed to Doordarshan
for Friday's match only, after hearing the matter at the
Chief Justice's residence. The Court will hear the case
on Monday. For the time being Ten Sports has agreed to
share the live cricket rights with the national broadcaster,
Prasar Bharati, and all cable operators.
The channel will now appear on DD along with its logo
and advertisements. The Madras High Court had earlier
directed Ten Sports to permit DD to telecast the Indo-Pak
series along with the logo and the ads, and the channel
had filed an appeal in the Supreme Court seeking stay
of the High Court order. Prasar Bharati in turn filed
a caveat in the Supreme Court to make it a party in case.
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Inflation
falls to 5.32 per cent
New Delhi: Inflation fell substantially by 0.62
per cent to 5.32 per cent for the week ended February
28. The point-to-point Wholesale Price Index (WPI) inflation
fell from the previous week's near 6.0 per cent. The index
was at 5.49 per cent in the year-ago period.
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Car
sales up 73 per cent in February
New Delhi: According to data released by the Society
of Indian Automobile Manufacturers (SIAM) Car sales rose
by 73.1 per cent from last month to 64,821 units as compared
to 37,445 units in February last year, showed. Market
leader Maruti Udyog has sales of 34,084 units in the month
as compared to 19,012 units in February 2003. Hyundai
Motor has doubled its sales in the period to 11,556 units
from 6,887 units.
Motorcycle
and step-through sales have surged by 17.6 per cent to
3,63,655 units from 3,08,994 units in February 2003, while
scooters and scooterettes registered a 17.8 per cent growth
to 71,363 units last month. The commercial vehicles sector
saw sales going up by 32.3 per cent to 25,800 units in
February from 19,495 units last year.
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Industrial
growth up 7.4 per cent in January
New Delhi: Industrial growth in the first month
of the calendar year 2004 has registered a year-on-year
increase of 7.4 per cent led by a 7.5 per cent growth
in the manufacturing sector. According to the latest IIP
data released by the Central Statistical Organisation
(CSO), the 7.4 per cent overall growth rate for January
was higher than the 6.7 per cent figure recorded for the
same month of the previous year.
Moreover, the growth was higher for all the three sectors
constituting the general IIP — manufacturing (7.5
per cent versus 7.2 per cent), mining (7.4 per cent versus
2.4 per cent) and electricity (5.9 per cent versus 4.5
per cent).The cumulative growth for industry as a whole
during April 2003-January 2004 worked out to 6.5 per cent.
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PowerGrid
bonds get LAAA
New Delhi: ICRA has reaffirmed the highest safety
`LAAA' rating assigned to the long-term bonds programme
of Power Grid Corporation of India Ltd (PGCIL). The rating
reflects powerGrid's strategic role in the country's power
sector as a sovereign-owned monopoly responsible for developing
inter-State transmission network and National Grid management.
In spite of the transmission sector being opened to the
private sector, PowerGrid is likely to maintain its dominant
position because of the highly capital-intensive nature
of the business, its strong existing network and dedicated
links for evacuating power from major generating stations.
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TRAI
says cable rates to remain at December 26 levels
New Delhi: The broadcast regulator, the Telecom
Regulatory Authority of India (TRAI) has said that cable
rates will continue to remain at December 26, 2003 levels,
irrespective of whether the Conditional Access System
(CAS) is implemented or not. However, this would not be
applicable to the Chennai Metropolitan Area due to a stay
granted by the Madras High Court. The freeze in rates
applies to charges payable by consumers to cable operators,
by cable operators to MSOs and by MSOs to broadcasters.
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EOUs
wish to be at par with SEZs
New Delhi: The Confederation of Export Units (CEU)
has demanded that the same rules as applicable to units
situated in the special economic zones (SEZs) be extended
to the 100 per cent export-oriented units (EOUs) as well,
in order to keep the EOUs globally competitive. The CEU
has demanded that the Government should reconsider the
SEZ Bill and rework it as EOU & SEZ Bill thereby treating
the EOUs as an extension of the SEZs. It has also been
demanded that the Government should provide external commercial
borrowings facilities to the EOUs at par with the SEZ
units. The CEU is a body of the 100 per cent EOUs.
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