Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
The government is mulling a policy for developing hydro-power capacity, under which projects, possibly of 2,000-3,000 Mw each, would be drawn up and offered to private and public sector developers.
The Ruias are contemplating approaching the Ministry of Company Affairs for its views on the Right of First Refusal (RoFR) clause in their shareholders' agreement with Hutchison Telecom International Ltd (HTIL).
At present, the service tax rate stands at 12 per cent. Added to this is a 2 per cent education cess, bringing the incidence to 12.24 per cent.
Congress president Sonia Gandhi and Prime Minister Manmohan Singh will not be able to attend the annual World Economic Forum meeting to be held at Davos from January 24-28 next year.
This is the same level as the peak rate of the Association of South East Asian Nations.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
a scarce resource. By some estimates, spectrum worth Rs 7,690 crore (Rs 76.90 billion) has been given away for ''free'' for mobile licences.
Mumbai-based pharmaceuticals player Wockhardt is set to strengthen its presence in South America
The Planning Commission's projections for the 11th Five Year Plan,
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