39 FDI cases cleared, Shyam Tele included
New Delhi: Shyam Telecoms proposal to induct the Mauritius-based India Communications Global Partners as 10-per cent equity-holder in the company involving a foreign direct investment (FDI) worth Rs 73.50 crore including premium was among the 39 FDI proposals cleared by the government, involving a total FDI of Rs 192 crore.

The proposal from Taj SATS Air Catering to bring in Singapore Airport Terminal Services as 49-per cent stakeholder in the company involving FDI worth Rs 67.17 crore has also been okayed.
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International airlines, A-I bail out of Apex system
New Delhi:  International airlines have once again started following different fare discount structures with the advance purchase excursion (Apex) system failing to last for more than six weeks.

Though Lufthansa and Air France are technically still following the Apex system, they have switched over their discounting period to bookings made five-to-10 days before the travel date, from the earlier 14-21 days implemented in April 2002.
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Court asks customs to pay demurrage in import case
Chandigarh: The Haryana High Court has directed the charges for demurrage as might be determined by the competent authority should be paid to the Punjab State Warehousing Corporation by the respondents within two months.
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Reduced PC sales hamper IT ambitions
New Delhi: PC sales in India will rise 5 to 7 per cent this year and by 15 to 20 per cent in 2003, a local consultancy predicts, rebounding from a fall last year and outpacing global growth predictions.

Sales next year could expand to nearly two million machines, said a report by Skoch Consultancy Services, an IT and telecom industry consultancy based in Gurgaon. Still, that is less than the number of PCs now sold in China in three months, posing a threat to Indias ambition of dominating the burgeoning global market for IT-enabled services.
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