The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing.
ITC, which has a 14.98 per cent stake in EIH Ltd -- the company that runs the Oberoi chain of hotels -- is planning to subscribe to the upcoming EIH rights issue. This ends speculation that it might pull out after Reliance Industries Ltd picked up a stake in EIH.
The finance ministry has agreed to furnish sovereign guarantees on loans raised by National Aviation Company India Ltd, which flies under the Air India brand name. A top source in the ministry confirmed: "Yes, we will provide sovereign guarantee to Air India on its loans. After all, it is a company owned by the government."
State-run power transmission firm PowerGrid has called for fresh offers from shortlisted bidders BHEL-ABB and Siemens for its Rs 7,000-crore HVDC (high voltage direct current) sub-stations' project.
PepsiCo India is planning to launch beverages and snacks priced below Rs 5. This is part of a drive to address the mass market looking for nutritional products. The new range, being developed in India, is expected to be launched on a pilot basis in select markets by next year.
In its communication to DoT, the DGA said the department had granted new unified access service licences to certain companies without proper verification of their eligibility and other credentials.
The prepaid debit card by India Post would have a minimum value of Rs 1,000 and a maximum of
The move is significant as it would extend the power of CAG -- set up to audit central and state government departments as well as PSUs -- to private sector companies.
Despite their slugfest on the high street, Korean chaebols Samsung and LG have independently charted a similar strategy that will see India operations carve out a larger slice of their global turnover
Just four years before, Coke factories consumed over four litres of water for every litre of beverage sold. Now, it is 2.5 litres, a reduction of 34 per cent.
Telecom operators who offer BlackBerry services are also ISPs. The feasibility of this solution, says DoT, will be explored after discussions with the Intelligence Bureau as well as the ISPs.
While the mechanism of auctioning commodities like coal and electricity and telecom spectrum at electronic platforms has brought in transparency in their allocation, experts believe that the strategy cannot fructify until the prevailing shortfall in their availability is met.
Says nothing should move until system is in place to enable full tapping of lines.
Huawei, the other big Chinese vendor, is yet to decide on the issue.
Telcordia and Syniverse Technologies were selected by DoT to implement MNP across the country. India was divided into two zones for the implementation of MNP, a service that would allow a mobile user to retain his phone number while shifting to a new operator.
This will push the size of the division to 25,000. Pitroda panel had suggested BSNL to cut staff strength by 100,000.
Delhi International Airport Ltd, the consortium operating Delhi airport, is close to signing a mega deal with Air India, which is making the new terminal its operational hub.
South Korean giant LG Electronics is working on using technology to revamp its product line by next year, based on three key parameters.
Surveillance equipment to be moved from 'open' to restricted list.
The attack reflects the open schism in the association, in which TTSL is a new member with other Unified Access Service Licence holders such as Loop Telecom , Etilasat DB, Uninor and STel. The older, established, operators are represented by Bharti, Vodafone Essar and Idea Cellular.
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