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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: "Chowdhry, Abhiram" <AChowdhr@USChamber.com< X-To: X-cc: X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\All documents X-Origin: LAY-K X-FileName: klay.nsf + Strike by Department of Telecom Employees + Finance Ministry considering super regulator for financial sector U.S.-India Business Council to host Indian Finace Minister Yashwant Sinha and U.S. Secretary of Commerce Norman Mineta for the U.S.-india Commercial Dialogue at the U.S. Chamber of Commerce on September 14, 2000 at 11 a.m. Please contact Rick Rossow at rrossow@uschamber.com for further details on registering for this event USIBC Daily News September 12, 2000 Agro/Patents/Pharma Broadcasting/Entertainment September 10- Rupert Murdoch controlled Star TV is likely to take 25 per cent equity stake in Rajan Raheja's Hathway Cable Company to firm up its place in the fiercely competitive cable distribution market. Company sources confirmed the move, but declined to comment on the price involved. -The Indian Express ? Communications September 8- Communications networks in many parts of India were disrupted because of the indefinite strike by telecom employees seeking settlement of labor issues before corporatisation of the department of telecommunication services (DTS) -The Times Of India September 7- A section of cellular service providers, to ensure a level playing field, is planning to form a consortium to bid for the national long-distance (NLD) telephone license in India. -The Financial Express ?? ???? Economic/General News September 11- The rate of inflation, in India, rose to 5.94 per cent in the week ended August 26, due to a significant 5 per cent rise in electricity charges. - The Economic Times Energy September 7- The Indian Petroleum Minister, Mr. Ram Naik, has appealed to the members of the Organization of Petroleum Exporting Countries (OPEC) to increase the production levels of crude oil so that prices are brought down to sustainable levels.? -Business Line Financial: Trade & Investment September 11- The finance ministry is actively considering the appointment of a super-regulator for the financial sector on the line of the Financial Services Authority (FSA) in the UK. The super-regulator will coordinate among the function-specific regulators. -Business Standard?? ???? Information Technology September 10- NASDAQ-listed Satyam Infoway today said it would invest up to Rs 160 crore ( $1,600,000,000 US) over the next one year to expand its Internet operations including rolling out new E-Commerce strategies in the country. -The Indian Express September 11- The online ad market in India is all set for a quantum leap. Revenues from the online advertising market are estimated to jump four-fold by this year, touching an impressive Rs 50 to Rs 60 crore ($500-$600 million US). -Business Line September 11- Cybersquatters with devious intent may be in for some legal action soon. Nasscom, the Indian association of software Companies, says that it expects its recommendations on the Copyright Act be amended to include cybersquatting as a legal offence will be passed in the winter session of Parliament. -The Economic Times ? Insurance and Finance Political/International September 10- The Indian government has set December 2000 as the deadline for review of all schemes being run by different government departments with a view to eliminating those programs that have lost relevance. -The Indian Express ??????? Sanctions September 11- The Indian steel industry is keeping their fingers crossed on the possibility of the United States imposing a fresh dumping duty on Indian steel. The primary concern is that other attractive export markets-like Canada and Mexico-may follow if the U.S. takes a decision. -Business Standard Transportation/Infrastructure September 7- The Indian Inter Ministerial group (IMG) today decided to prohibit schedueled domestic airlines from picking up equity stake in Indian Airlines (IA), blocking any plan of Jet Airways or Sahara Airlines to take control of the state-owned domestic airline. -Business Line? ??? September 8- Members of the SkyTeam Alliance - Air France and Delta Air- have jointly decided to bid for a 26 per cent stake in the state-owned Air-India (A-I), after entering into a joint venture with an Indian partner. With the Indian partner, the joint venture Company will bid for 40 per cent of the government's equity in A-I. -The Times Of India
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