The Department of Telecommunications has mooted a proposal to set up seven telecom centres of excellence to nurture the sector and reduce the rural-urban digital divide.
Telephony major Reliance Communications is believed to have short-listed three global IT companies - IBM, EDS and T-Systems - for its $1.5 billion outsourcing contract.
but wouldn't subscribers simply prefer to talk instead?
Real estate and hotels major Royal Palms will invest around Rs 600 crore (Rs 6 billion) to set up an IT/ITeS special economic zone in Mumbai that would be ready for occupation by end of next year.
The department of telecommunications is planning to seek details from four operators - Bharti-Airtel, Hutchison-Essar, Tata Teleservices Ltd and Reliance Communications - on the fulfillment of rollout obligations under the mobile telephony licence.
Law ministry tells finance ministry to inquire into the acquisition of Hutchison-Essar further.
Kerala-based Kinfra Film & Video Park has received the commerce ministry's approval to set up an International Animation School that is to be built on a private-public-partnership basis.
The Essar group-owned BPL Mobile is believed to be seeking an extension to use the 'BPL' brand name that is owned by Bangalore-based industrialist TPG Nambiar
The company has accused Google of showcasing its protected audio and video repertoire through its subsidiary and community site, YouTube.com.
The issue has gained importance as a working group of International Organisation of Securities Commission (IOSCO) has been set up to study the impact of private equity funds on emerging markets.
Market regulator asks bankers to use real time gross settlement system for IPOs.
The Department of Telecommunications has received 21 bids from telecom operators and infrastructure service providers for the Rs 2,395 crore (Rs 23.95 billion) rural telephony project.
BPL Mobile, one of Mumbai's oldest cellular phone operator, is looking at dropping its existing brand name as Essar's agreement with the TPG Nambiar-owned BPL on the use of its trademark expires by March-end.
This follows an Authority for Advance Ruling (AAR) decision, which directed that payments made by an Indian subscriber for using a portal of a foreign company will be subject to deduction of tax at source.
Price ceiling on the day a company's scrip is first listed on the cards.
The Bombay Stock Exchange may longer enjoy the exclusivity over the reporting platform for the corporate bond market
Sector set to see 31 players in the next 12 months.
The Central Board of Direct Taxes has sought a clear definition of the term 'permanent establishment' for assessment of tax payable by foreign entities in India. Currently, the Act defines a 'permanent establishment' as a fixed place of business.
IT bellwether Infosys Technologies is on the prowl to acquire small and medium business process outsourcing companies that fit strategically with the operations of its subsidiary, Infosys BPO.
The Income-Tax department will have a say in mergers, demergers and amalgamations in 2006-07, with the Registrar of Companies (RoC) referring the first set of cases for clearance to the department.
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