An acquisition by Tata AutoComp may cost $1.5-2 bn.
The department of telecommunications has referred the issue of using multiple technologies under a single unified access services licence to the Telecom Regulatory Authority of India.
Initial fears of Internet access charges rising by 6-12 per cent following the Telecom Regulatory Authority of India recommendations to impose an annual licence fee for Internet Service Providers appear to be unfounded.
After the first day of listing, the exchanges put a price band of 20 per cent for the movement of the stock prices. However, the level of circuit filter proposed for IPOs on the first day of listing is not known.
The telecom dream that India is living is not without blemish.
At a session with analysts last Monday, RComm chairman Anil Ambani said the Rs 10,000 crore (Rs 100 billion) investments would be used for network expansion.
IBM chairman, president & chief executive officer Samuel J Palmisano is scheduled to meet Reliance Communications chairman Anil Ambani
While there is little chance of a reduction in this limit, the central bank is now insisting on a certificate from chartered accountants on the end-use of the funds borrowed.
As they feel that the rupee may depreciate to 43.75 levels over the next six months.
The domestic business intelligence sector is fast outgrowing its infancy, thanks to an increase in mergers and acquisitions.
GTL has placed non-binding offers on five companies in the US and Europe and lined up acquisitions worth Rs 1,100 crore (Rs 11 billion) in the next two quarters.
Wipro is close to setting up an IT park in Nagpur and is believed to have acquired 117 acres of land at the new special economic zone in the city.
The tax burden on foreign banks , which avail of funds from their parents for operations in India, may go up substantially following a recent order passed by the Mumbai Income Tax tribunal in the case of UAE-based Mashreq Bank.
Seeks capital gains tax payment prior to FIPB clearance.
Sebi has directed the depositories to ask all the depository participants to examine the origin of accounts that did not comply with the requirement for Permanent Account Number.
The exchange rate policy has served us very well in the last so many years and the exchange rate has been commended all around, says RBI Governor Y V Reddy.
The move will partly offset the impact of foreign currency inflows on money supply.
Reliance Communications will be investing around Rs 15,000 crore (Rs 150 billion) to set up and install an additional 15,000 base transceiver stations in the country.
In one of the biggest broadband projects in the country, the state-owned telecom behemoth Bharat Sanchar Nigam Ltd is planning to provide broadband connections to 110,000 schools in the country
The move by Reliance Communications to outsource its IT requirements would result in an upfront cost savings of around $200 million (Rs 900 crore), with the company seeking a guarantee to this effect from the vendors.
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