Sector set to see 31 players in the next 12 months.
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.
In a blow to Tata Teleservices, the Telecom Regulatory Authority of India has asked the company to refund the excess amount charged from customers under its Walky plan.
The Department of Telecommunications might favour the holding company structure for the merger of the two telecom PSUs, Bharat Sanchar Nigam and Mahanagar Telephone Nigam.
The US-based Dawn Alliance group is planning to set up a United States Food and Drug Administration-approved generic drug manufacturing facility in India.
Shedding its image of a brick-and-mortar organisation, the Life Insurance Corporation of India (LIC) is all set venture into the digital era.
Electronics major has tied up with Reliance Comm and Tata Tele.
The Hong Kong-based Hutchison Telecommunications International would record a profit of around HK$70 billion, once the sale of 67 per cent stake in Hutch-Essar is completed.
According to an industry analyst, the telecom infrastructure sector needs over $20 billion, while the passive infrastructure segment needs an investment of over $12 billion.
VSNL intends to set up the unit through its wholly owned subsidiary, VSNL Global Services.
The steel-to-telecom conglomerate Essar group has roped in London-based creative and consultancy firm, Start Creative, to create a new brand identity.
The group intends to emerge as a consumer-oriented group, shedding its existing heavy industries tag.
The domestic telecommunications sector is likely to get an additional $40 billion in investments by end of 2010, of which $15 billion would come in by the end of 2007.
Reliance Communications is in discussions with American billionaire and financier George Soros to raise funds for the Hutch-Essar acquisition.
The Telecom Regulatory Authority of India may look at excluding SMSs while formulating a policy on unsolicited commercial calls.
CNN-IBN, the 24-hour English news channel, is planning to tap the capital market with its Rs 105 crore (Rs 1.05 billion) initial public offering. The maiden float is expected to hit the markets early next year.
The soap operas of Ekta Kapoor and Ravi Chopra are likely to be axed to make way for Kaun Banega Crorepati-III because Star Plus intends to reserve the one-hour primetime slot for the show that will be anchored by Shahrukh Khan.
The Indian IT industry's ambitions of becoming the primary destination for legal process outsourcing may fall short as myriad issues ranging from dearth of professionals to lack of cost arbitrage would clamp it down.
Independent Mobile Infrastructure Mauritius Ltd, a telecom infrastructure provider, has sought the Foreign Investment Promotion Board's approval for investing up to Rs 3,000 crore ($674 million) in India.
The government has mandated that all telecommunication companies in the country move over to 5-digit SMS
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