The Department of Telecommunications has mooted a proposal to set up seven telecom centres of excellence to nurture the sector and reduce the rural-urban digital divide.
Corporate India has paid 50 per cent (around Rs 600 crore) more on group health insurance this year. The premium paid on this account last year was Rs 1,200 crore (Rs 12 billion).
Telephony major Reliance Communications is believed to have short-listed three global IT companies - IBM, EDS and T-Systems - for its $1.5 billion outsourcing contract.
but wouldn't subscribers simply prefer to talk instead?
Real estate and hotels major Royal Palms will invest around Rs 600 crore (Rs 6 billion) to set up an IT/ITeS special economic zone in Mumbai that would be ready for occupation by end of next year.
The department of telecommunications is planning to seek details from four operators - Bharti-Airtel, Hutchison-Essar, Tata Teleservices Ltd and Reliance Communications - on the fulfillment of rollout obligations under the mobile telephony licence.
Law ministry tells finance ministry to inquire into the acquisition of Hutchison-Essar further.
Kerala-based Kinfra Film & Video Park has received the commerce ministry's approval to set up an International Animation School that is to be built on a private-public-partnership basis.
The Essar group-owned BPL Mobile is believed to be seeking an extension to use the 'BPL' brand name that is owned by Bangalore-based industrialist TPG Nambiar
The company has accused Google of showcasing its protected audio and video repertoire through its subsidiary and community site, YouTube.com.
The move comes amid complaints that high returns are being promised by life insurers on ULIPs accompanied by non-existent guaranteed returns.
Insurance companies are expected to get greater leeway in investing policyholders' funds with the addition of mortgage-backed securities to the list of approved investments.
Soon standalone health insurance companies will be governed by separate regulations
The Department of Telecommunications has received 21 bids from telecom operators and infrastructure service providers for the Rs 2,395 crore (Rs 23.95 billion) rural telephony project.
BPL Mobile, one of Mumbai's oldest cellular phone operator, is looking at dropping its existing brand name as Essar's agreement with the TPG Nambiar-owned BPL on the use of its trademark expires by March-end.
Public and private sector insurance companies are forming alliances to bid for state-run carrier Air-India's aviation cover worth $3.5 billion.
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.
ULIPs come on top with one-year returns between 34% and 45% compared with closed-end mutual funds and ELSS
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.
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