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
Videocon Industries Chairman and Managing Director Venugopal Dhoot told Business Standard the company had already started production of PCs -- 3,000 a month -- at its Taratola facility in Kolkata.
Barclays Plc, UK's third-largest bank by assets, plans to enter the emerging credit card market in India.
Domestic IT majors Tata Consultancy Services and Wipro are believed to be front-runners for a multi-million outsourcing deal from UK-based telecom and networking major Cable & Wireless.
Internet and telephony major Videsh Sanchar Nigam Ltd may incorporate 'Tata' in its name, an issue that is likely to be discussed at the company's board meeting on Friday.
Move will usher in competition in the sector with entry of new players.
Global software and services major Tata Consultancy Services is in the last stages of finalising a multi-million outsourcing contract with the International Monetary Fund. Under the deal, the IMF will offshore some of its back-office work
Flag Telecom was looking at divesting up to 20 per cent of its equity stake through an international convertible bond issue and raise over $200 million.
The telecommunications industry will seek a 10-year tax holiday and an additional depreciation of 15 per cent for telecom equipment in the forthcoming Union Budget for 2007-08.
At 42%, the average spend on handset as percentage of monthly salary in India is the world's highest.
Norm W K Lo loves Indian food and is fond of savouring daal and naan, that is whenever he is in the country. And for him getting close to the food he loves is not a far-fetched dream, as Lo's job mandates he travel to India at least twice every month
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