A study by economic think-tank Icrier (Indian Council for Research on International Economic Relations) has found that any adverse impact of organised retail on mom-and-pop stores will wear off over a period of time. Organised retail, it has said, will not lead to job losses and will, in fact, raise farmers' earnings.
Many new players have challenged the offer by Bharti Airtel to pay Rs 2,650 crore (Rs 26.50 billion) to get a start-up GSM spectrum of 4.4 MHz. While some say they will up the ante and are planning to write to the government that they can offer more, others say the offer is meant to keep away new competitors.
The company is also looking at recruiting employees from outside India, especially for services and expertise that people in India lack.
Chevron Corporation, one of the world's largest global energy companies, may pull out of Reliance Petroleum (RPL) by selling its 5 per cent equity to Reliance Industries.
For instance, Tata Consultancy Services recently won a $200 million deal in Mexico, Wipro announced the opening of a development centre in Australia, and Infosys announced the setting up of 'The New Growth Engines' business unit in Latin America.
The move may be part of Budget 2008-09, a senior government official said.
The Election Commission, for the first time, has banned bulk text (SMS) messaging either by candidates standing for an election or by political parties to voters in the 48 hour period before start of voting in Assembly constituencies in Gujarat and Himachal Pradesh.As this ban is likely to be extended to all future elections, mobile service providers will have to live with the idea of losing what used to be a revenue windfall for them during elections.
The judge gave the ruling while dismissing a petition filed by the Commissioner of Customs. The court upheld the Customs, Excise and Services Tax Appellate Tribunal's earlier judgement, stating that the interpretation by the tribunal was in consonance with the Computers (Additional Duty) Rules, 2004.
A slew of real estate companies, like DLF, Omaxe, BPTP and Avnija Properties (Dalmia Cement), and large corporations like telecom bigwig AT&T, Sterlite, Videocon, JSW Power, Hinduja's HTMT, Moser Baer Infrastructure, Ispat Industries Ltd and a Sam Pitroda-owned company are among the 25 companies whose applications will not be immediately processed by the Department of Telecommunications (DoT) for awarding mobile licences.
Cyber criminals are targeting enterprises and consumers based in tier-III cities. Internet bots (derived from the word web robots) are software applications that run automated tasks over the Internet. They are used for both commercial as well as malicious purposes.
Carlos Ghosn, the iconic CEO of Nissan Motors and Renault, is on a whistle-stop visit to India on Monday to finalise a joint venture and small-car blue-print with India's second-largest two-wheeler maker Bajaj Auto. Renault, Nissan and M&M also have a three-way equity tie-up to make passenger vehicles in Chennai, for which the facility is yet to be built.
Anand Jain , best known for his childhood friendship with Reliance Industries chief Mukesh Ambani, is now creating waves in the stock markets after his little-known company sold shares worth Rs 2,800 crore to a clutch of leading foreign investors such as Blue Ridge and Tiger.
The Sebi think-tank is of the view that more and more sophisticated products should be available onshore to ensure that Indian capital markets attract different categories of investors, even while it wants to discourage all kinds of offshore products based on Indian stocks and derivatives, according to sources. Proposals for allowing short-selling in cash markets and stock lending and borrowing for institutional investors have been pending for some time.
The Central Board of Direct Taxes on Tuesday notified the norms for valuation of employee stock option plans (ESOPs) for calculating fringe benefit tax (FBT). The rules will take effect from April 1, 2008, and apply from assessment year 2008-09. The notification said the value of stock options of listed companies would be the listing value - the average of opening and closing price - on the day the options were vested with the employee.
It means a CDMA players like Reliance can also operate GSM services and get the required spectrum from the government within the same licence. Earlier, they were allowed spectrum either for CDMA or for GSM within the licence. However, now they have to pay an amount equal to the entry fee of a UASL licence (over Rs 1,680 crore for a pan-India licence) to get the spectrum as recommended by the Telecom Regulatory Authority of India.
After heading the apex body for six years, and being instrumental in placing the Indian IT industry on the global map.
The release of Vista came more than five years after the introduction of Windows XP. It contains numerous new and reworked features.
Shyam's application comes even as real estate major DLF Ltd confirmed on Wednesday that it will apply for telecom licences by Friday, the fourth real estate company to do so in the recent past.
The finance ministry's proposal to increase equity exposure of non-government provident funds and superannuation funds from 5 per cent to 10 per cent may benefit only the high income group category and subscribers of the New Pension Scheme.
Torrent Power (up 19.25 per cent) and GVK Power and Infrastructure (up 12.22 per cent) have seen a dramatic rise in the run up to PGCIL issue.
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