The company is in advanced stages of negotiations with four cellular operators and is expected to announce a couple of deals soon.
An increasing number of contractors managing parking lots at malls, multiplexes and five-star hotels are buying parking insurance covers
Telecom service provider Reliance Communications is to tap the retail international long distance calling space in the UK
Reliance Communications will slash the homebound international call tariffs - calls made by Indians visiting abroad - by around 50 per cent to cash in on the growing Rs 800-crore inbound market.
State Bank of India's investment kitty now includes Rs 300 crore (Rs 3 billion) worth of shares of its competitor and the second largest lender, ICICI Bank.
The Life Insurance Corporation has decided not to nominate any retired employee as a director on the board of the almost 90 companies in which it has equity or loan exposure.
The code of market conduct is being prepared under the aegis of the General Insurance Council (a self-regulatory body of the 12 non-life insurance companies) in this regard.
The finance ministry is having a relook at the entire financial sector regulations and legislations to determine how they compare with the global standards.
T S Vijayan has completed a year as chairman of insurance behemoth Life Insurance Corporation of India. In an interview with Business Standard, he speaks about the targets set by LIC, its plans to beat competition and overseas and future plans.
BPL Mobile is exploring options to hive off its tower business into a separate company and is embarking on a capacity addition initiative
The general insurers have sought well-crafted strategies from interested consultants to withstand competition from the private sector which is more customer-oriented in terms of both services and products.
Emily Nagle Green is travelling across the world to propagate her 'Anywhere Trilogy' framework
Wipro Technologies, an information technology and outsourcing company, is poised to acquire the IT arm of a major company in Germany.
This is slated to improve telephony service penetration in the country due to increased affordability and could be a precursor for similar moves for other value added services.
In a move to woo foreign visitors to its network, the state-owned telecom behemoth Bharat Sanchar Nigam Ltd (BSNL) has decided to reduce the charges on in-roaming -- international mobile phone users roaming in India -- by 35-40 per cent.
The rogue software is designed to look like legitimate security software that is running a trial mode on a user's PC.
As soon as general insurers are freed from the shackles of standard products, they could offer a motor insurance policy that provides for settlement of full claims amount without any deductions for depreciation as per the current practice.
Tata Teleservices spokesperson confirmed the development, and said: "We have written to theDoT seeking clarity on the issue."
IT major Patni Computer Systems is close to acquiring a European IT company for $20-25 million (around Rs 100 crore) and is expected to announce the deal in the next two months.
Telekom Malaysia which already holds over 49 per cent equity stake (which it bought for over Rs 730 crore in Spice has been looking at expanding its base in India beyond just the two circles.
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