The high mobile telephony penetration in India's major metros and cities is expected to lead to a dramatic churn in the space
Mobile call rates are declining in face of fierce competition. In this price war, PCOs are likely to be the first casualty.
Brokers did not allow retail investors to trade at lower levels, threatened them.
While the extent of Iran's isolation was unclear, many blogs alleged that the cable cuts and outages in West Asia were a ploy by an intelligence agency to disrupt Iranian commerce, targeting an emerging petroleum exchange that the country was shortly hoping to roll out.
The stock market crash of January 21, when the benchmark indices dived to the maximum permissible limit of 10 per cent within minutes of opening, proved that it was not very difficult to manipulate the stock prices (however liquid they may be) and create a sense of panic among the stock investors.
In the wake of recent submarine cable cuts that disrupted Internet and telephony services across the world, the Telecom Regulatory Authority of India (Trai) is looking at putting in place a mechanism to ensure immediate restoration of lines in case of such incidents in the future.
In less than a week's time, a fourth submarine cable was severed in West Asia, disrupting voice and telecommunication traffic between Qatar and the United Arab Emirates (UAE).
The company - Mumbai-based Netcore Solutions - provides around 20 SMS-based channels like news, Sensex, cricket, jokes, horoscope and Bollywood free-of-cost to subscribers, irrespective of the operator or the circle. Further, these services are available across all the 23 circles in the country.
The company is exploring fund raising options to start services in 22 circles in the next two years.
In an effort to make the world's cheapest car more affordable, Tata Motors is exploring the possibility of providing loans for the Nano either through Tata Motors Finance, a wholly owned subsidiary, or existing financing channels.
Several smaller brokerages had no option but to sell their clients' shares to provide for margins. Marketmen said several bigger brokerage houses made stop-gap finance arrangement to pay the margins, in a move to retain the loyalty of high net worth clients when the market looks up.
Tata Teleservices MD, Charles Anthony, has called it quits.
The move follows the near Rs 60 crore (Rs 600 million) redemptions every month from the US-64 and ARS bonds in the last couple of years.
In a desperate attempt to grab spectrum and start operations in new circles ahead of rivals, leading GSM operators have informed the government that they are willing to start services with less than 4.4 MHz spectrum. Vodafone Essar has intimated its willingness to start operations in new circles where the availability of spectrum is less than 4.4 MHz.
You can now pay all your bills with your phone.
Some of the world's top hedge funds have been granted direct entry into the Indian stock markets, nearly three months after the Securities and Exchange Board of India imposed curbs on foreign investments through the participatory note (P-note) route.
The company has launched a new card, the India One Pre-paid, under which users can make STD calls at a flat rate of Re 1 per minute. SMSes to any destination in the country would also be charged at a flat rate of Re 1 per message, BPL Mobile director and CEO S Subramaniam told Business Standard in an interview.
In this financial year so far, insurance companies have invested around Rs 36,000 crore in the stock markets against around Rs 60,000 crore invested by the FIIs.
Tata Securities is all set to revive stock broking, given the current investor interest in equities.
Global IT companies will add around 1.08 lakh employees in India by 2010, by increasing the headcount to 2.73 lakh. This would be a 65.25 per cent increase from the 1.65 lakh employed by the end of 2007.
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