Panel okays Net telephony -- Rider is cost-based tariffs for basic services
THE expert committee on Internet telephony set up by the Government has given its green signal for allowing the service from April, 2002, once Videsh Sanchar Nigam Ltd (VSNL) loses its monopoly on international voice traffic. As a rider, it has sought th at cost-based tariffs for basic services should be in place for a year.

Indian Rayon acquires control of PSI Data
THE Aditya Birla group has picked up a majority stake in PSI Data Systems Ltd, the Bangalore-based info-tech company.

Tata Infomedia to issue 1:2 bonus
THE board of Tata Infomedia Ltd has recommended a bonus issue of one share for every two held.

A `Perfetti' gum for wider smiles
HERE'S hope for all those brash gum-chewing 20-somethings. A chewing gum that's politically correct, and which promises to perk up the Rs 300-crore domestic chewing and bubble gum market after a prolonged lull.

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