Loop Telecom has been looking for a strategic investor for some time now and people close to the development said the telecom operator was willing to sell up to 45 per cent stake in the firm.
As per 2009 estimates, two major expenditure verticals were fuel cost, with 34.2 per cent, and staff cost, with 16.2 per cent.
Air India-Singapore Airport Terminal Services, the ground handling arm of the state-owned carrier, will hire 90 per cent of its workforce on contract to start operations at the new terminal of the Delhi airport, according to a senior Air India official. AISATS is a 50:50 profit sharing joint venture between AI and the Singapore-based company. The airline selected SATS as its partner in September 2008.
Leading Indian companies are considering whether to bid for the India cricket team sponsorship for the next three years. The deadline for doing so is Saturday.
Fresh trouble seems to be brewing between the defence ministry and the Department of Telecommunications over spectrum and this could put a question mark on the launch of third generation telephony services in the country by March next year.
Eleven telcos, whose licences will expire between 2014 and 2021, will have to pay this 13-figure sum if the government accepts the telecom regulator's proposal of pricing second generation radio airwaves on the basis of prices determined at the just-concluded auction of third generation spectrum.
The consortium will use money from commercial development to pay off Rs 5,000-crore debt (Rs 50 billion).
Tourists who come from across the world to laze around in the balmy beaches of Goa will now have another attraction - it will have not one but two airports.
The money constitutes nearly 26 per cent of the total domestic borrowing of the Indian corporate sector in 2008-09.
The Telecom Regulatory Authority of India (Trai) chairman J S Sarma said his recommendation to tweak the existing norms for mergers and acquisitions aims to prevent the union of two big companies or a big and a medium-sized operator, but it provides enough scope for mergers between others.
Indian telecom operators came out in open support of Chinese equipment makers, saying the government cannot deprive Indian consumers of the cutting-edge technology which these companies offer by denying security clearance to them.
Operators Bharat Sanchar Nigam Ltd, Bharti Airtel, Vodafone-Essar, Aircel, Mahanagar Telephone Nigam Ltd and Idea Cellular might have to fork out over Rs 11,200 crore for having spectrum beyond 6.2 MHz, if the government accepts the Telecom Regulatory Authority of India (Trai) recommendations.
Operators with more than 6.2 MHz of spectrum in GSM will have to cough up more if the Telecom Regulatory Authority of India has its way. Trai is recommending sweeping changes in the country's telecom landscape by replacing the current subscriber-based allocation of 2G spectrum.
Maruti Suzuki has asked its 200-odd vendors to cut their component costs by three per cent across the board in this financial year.
Having lost their case in the Bombay High Court (HC) against deregistration of their union, Jet Airways pilots plan to go to an industrial tribunal.
FIPB may be asked to vet downstream projects.
Bajaj Auto Managing Director Rajiv Bajaj said the company has, in partnership with Renault-Nissan, developed India's most fuel efficient and least-polluting car engine.
The Centre extended the deadline for implementing cleaner emission norms for two-wheelers across the country, a move that has come as a big relief for auto manufacturers, especially the country's largest two-wheeler maker, Hero Honda.
Coca-Cola's sports-loving CEO on the strategy that has helped him steer the soft drinks giant out of various crises.
Seats being offered by LCCs in international routes up from 3% of the total last year to 10%.
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