Claim breach in procedure, demand probes; Reliance denies charge
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
This was the most serious cable disruption since 2001, when a submarine cable connecting the mainland with the US was cut off.
Eases regulatory hurdles for Bharti-MTN deal.
For example, Idea Cellular posted a 0.7 per cent decline in the average minutes of use per subscriber in the first quarter of the current financial year, partly because of the increasing use of multiple SIM cards. So, too, with Vodafone-Essar. The company admits a fall in usage per subscriber, as an increasing number utilised SIMs of more than one operator, particularly in the new circles.
Samsung Electronics and Motorola are gearing up to launch handsets based on Google's Android operating system in India.
The restrictions may include an additional licence fee a foreign operator has to foot on, infrastructure hurdles and lack of a brand identity in the country, unlike in the case of a 2G operator.
If the deal goes through, this would be the second largest deal for Wipro in the telecom space. Earlier in April, the IT major bagged a Rs 2,500-crore (Rs 25 billion) contract from another new operator, Unitech Wireless. Importantly, Wipro will be pipping seven other IT vendors, including IBM and Tech Mahindra, who were also in discussions with Etisalat, according to sources.
The US-based aircraft manufacturing giant will expand its manufacturing presence, launch subsidiaries and strengthen research and development (R&D) programmes in the country. Jeppesen, a subsidiary of Boeing, is close to setting up an office in Hyderabad, while another, Aviall, the company's spare parts subsidiary, already has operations from Noida.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Airline losses have more to do with their business models than the price of aviation fuel.
MTNL will be one of the few big telecom companies in the world to allow competitors to offer their brand on its network.
Bharat Sanchar Nigam Ltd chairman Kuldeep Goyal has been trying to get a foothold in Africa since February this year when the government allowed the state-owned giant to pursue business opportunities in that continent. The five-month old search continues; Goyal says BSNL is looking at acquiring stakes or licences in African markets as and when they are put up for sale.
Airline asks for Rs 7,000 cr; may get half subject to conditions.
The government's financial restructuring plan for loss-making Air India may include a staggered infusion of equity, entailing an initial infusion of around Rs 1,300 crore (Rs 13 billion), going up to around Rs 2,000 crore (Rs 20 billion), depending on the company's need.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
A bitter battle between the finance ministry and the Department of Telecommunications over their jurisdiction might force the latter to withdraw its decision to waive licence fees for fixed-line service operators in rural areas.
A merger between state-run telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd is the best option because it would create the country's largest telecom company, said Kuldeep Goyal, chairman and managing director of BSNL.
The government's plan to restructure Air India, the loss-making state-owned airline, includes a proposal to rework the troubled productivity-linked incentive scheme, which accounts for over 45 per cent of the company's Rs 3,000 crore wage bill.
DIPP seeks automatic approval, has Plan panel and DEA's support.
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