New policy to give greater flexibility to foreign players.
ITC operates only in the sugar confectionery arena, which limits its size of business.
Considers bidding for Barcelona, Madrid airports; may rope in local partner.
Emerging consensus is that all state capitals be covered.
Industry sources indicate DD Direct Plus has a subscriber base of around nine million. The DTH operator's reach is second largest after Dish TV, which has a gross subscriber base of 10.9 million.
The Department of Telecommunications (DoT) has proposed to simplify the country's telecom landscape. It has suggested one tariff for each licence holder across the country, all-India mobile number portability and doing away with roaming charges.
German luxury car maker Mercedes-Benz is preparing to commence leasing vehicles to consumers in the Indian market by the end of this year. No other luxury car maker in the country currently offers vehicles on lease directly to customers.
Ashok Chand Burman, the 82-year-old patriarch of the family and chairman of fast moving consumer goods (FMCG) major Dabur Ltd, died on Saturday while on vacation in London, He was instrumental in fundamentally transforming a mid-rung ayurveda company firm into a FMCG major.
The long battle between ITC and its one-time trading partner, the Chitalias, has shifted to India. ITC has filed a suit in the Indian courts to recover assets it says the two brothers have in the country.
The company is looking to triple its FMCG turnover from Rs 5,000 crore (Rs 50 billion) to Rs 15,000 crore (Rs 150 billion) in the next five years.
The loans are backed by a government guarantee.
The government has till now injected Rs 2,000-crore (Rs 20-billion) fresh equity into the airline.
The average revenue per user (ARPU) of the country's four new GSM operators who got licences in 2008 - Uninor, S-Tel, Videocon and Etisalat DB - was between Rs 8.50 and Rs 39 in the January-March quarter.
The company is willing to partner existing players; to begin with commercial vehicle launch.
Six metros in which FDI in multi-brand retailing will be permitted are Delhi, Mumbai, Kolkata, Chennai, Bangalore and Hyderabad.
The department is planning a complete overhaul of the archaic Indian Telegraph Act.
The idea is to reduce capital investments and improve profitability.
'It can be used to build three-wheelers, vans, too'
Group to enter education, invest `100 cr to begin with.
After termination of the joint venture with Honda Motor Corporation (HMC), the world's single largest two-wheeler manufacturer Hero Honda has begun scouting for partners globally to source technology and designing expertise.
