The move by Reliance Communications to outsource its IT requirements would result in an upfront cost savings of around $200 million (Rs 900 crore), with the company seeking a guarantee to this effect from the vendors.
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.
Growing business opportunities fuelled by a robust economy and an increasing number of private equity investors are prompting investment bankers to quit their jobs and turn entrepreneurs.
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 move is expected to cut into the business of rival Bombay Stock Exchange (BSE).
The National Stock Exchange is chalking out a strategy to launch a separate trading platform for small and medium companies.
A cluster of high networth investors from Ireland is looking at private equity investments of at least 200 million pounds sterling (about $ 395 million) in high-growth companies across real-estate, IT and education sectors.
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.
According to the soon-to-be-released rules, at the time of transaction investors have to disclose if the deal is a short sale at the time of placement of order.
Public sector undertakings Bharat Earth Movers (BEML), Rural Electrification Corporation (REC), Power Grid Corporation of India and National Hydroelectric Power Corporation (NHPC), are slated to hit the market with their IPOs.
The lure of the much-feared participatory notes, through which hedge funds now invest in the Indian stock markets, may soon wane.
Hedge funds, which are proving to be a headache for stock market regulators across the world, will be the main topic of discussion at the four-day annual conference of the International Organisation of Securities Commissions.
Brokers have till Friday to submit half their shares.
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.
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