In a move to expand volumes in the third-generation (3G) technology data business, incumbent telecom operators, including Bharti Airtel, are coming up with various marketing plans to get better paying customers.
The company is in talks with BG India and Italian E&P major, ENI.
It recently began toll collection on the Hosur-Krishnagiri highway connecting Bangalore to Chennai, where the lanes have to be expanded from four to six.
India is a major driver for our global growth. And, we expect the country to play a larger role in our global operations in the future.
The company hopes to raise around Rs 300 crore (Rs 3 billion) through this route, in addition to Rs 200 crore (Rs 2 billion) it plans to raise through a rights issue.
The move will require modifications in Companies Act.
Olympus Capital, UTI's PE arm to fund Rs 400 crore.
Cricket seems to be the flavour of this season. So much so that when cricket buffs are not watching this sport on TV, they are playing it - on their mobile phones.
Though all the regulatory and ministerial approvals are yet to come in, two working groups with specific mandates have been set up.
If the Ministry of Human Resource Development (MHRD) has its way, individuals and corporations donating to educational institutions may soon be eligible for tax exemptions.
The state-run company may soon buy nearly 20 per cent stake in two shale gas acreages - Eagle Ford shale and Barnett shale - in the US.
"Some of the tariffs (rates) at which agreements were signed in 2007 are unrealistic. If you compare those to PPAs signed in 2010, there is a difference of around 50p to Rs 1 (a unit). Companies are looking at the difference and a lot more are likely to try it (renege)," said a power sector analyst.
Essar will have to pay capital gains tax, as the company will be gaining from the deal.
Lack of students prompts the university to re-look at its strategy
The All India Council for Technical Education (AICTE) has decided to pull the plug on part-time management courses in business schools across the country.
The government's decision not to extend the tax holiday on exploration of oil blocks being offered in the ninth round of bidding under the New Exploration and Licensing Policy (Nelp) may impact the current bidding process, of Nelp-IX.
This implies that the 30-odd institutions in Maharashtra will be free to select candidates through any of five national level entrance tests.
While investors might be jittery, experts say proposals from companies looking to raise funds through PEs have not decreased.
BP has valued Reliance Industries' (RIL) new exploration and production (E&P) business at around $25 billion (Rs 1,12,500 crore), according to Goldman Sachs.
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