Reliance Industries has inked deals to supply gas from its eastern offshore KG-D6 fields to most power sector consumers, including Essar Power and an Anil Ambani Group firm.
The XLRI School of Management, Jamshedpur, invites corporates, entrepreneurs, professionals, MBA students and undergraduate students to attend its annual festival, Ensemble 2007.
Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators for cartelising and increasing prices of telecom services simultaneously. Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judicial body, headed by Justice O P Dwivedi, issued 'notice of enquiry' and started judicial inquiry against these operators.
Members of COAI, including Bharti Airtel, Vodafone-Essar, Idea Cellular and others met in New Delhi and decided to go ahead with filing of the affidavit in TDSAT against the Telecom Engineering Centre's report. COAI has also questioned the government's move to allocate spectrum to two telecom PSUs -- BSNL and MTNL -- saying they have been given frequency out of turn as many other players have been waiting to get spectrum for months and even years now.
Over the weekend, the Bombay high court quietly published a 160-page court order detailing its decision to dismiss a petition by Vodafone of the UK against the Indian tax department.
New services will bring the IPL to mobile phone screens.
The Planning Commission may go for a correction in the 11th Five Year Plan targets as it gears up for mid-term assessment of goals next year in view of the global financial meltdown's impact on the economy.
With oil flowing past $145 a barrel, leading companies in the country have lined up plans to explore opportunities in jatropha cultivation and prospects of biofuel. The companies are flocking to Gujarat, which has earmarked 1,900,000 acres in the Narmada region for the crop cultivation.
A landmark tax case between Vodafone of the UK and the Indian government that is set to determine the future climate for mergers and acquisitions in the country began on Monday.
Prime Minister Modi appreciated the vision of Putin for the welfare for Russia's Far East, saying the Russian President has opened up investment opportunities for India in the region.
On the sidelines of crude oil price rise, Indian oil majors including Reliance Industries, Oil and Natural Gas Corporation and Essar Oil are eyeing exploration opportunities at the oil-rich sand beds of Alberta in Canada. The firms are believed to be drawing up plans in consultation with the central government and considering tie-ups with international firms for sand-oil exploration.
The finance ministry has restricted tax holidays to only new refineries run by public sector firms and has barred units under construction by private sector companies like Essar Oil from the benefit.
The companies are looking at tapping solar power, wind energy and bio-fuels, including fish and vegetable oil, to run base transceiver systems in areas with poor power supply.
GSM operators (excluding Reliance Telecom) in the country added 6.3 million subscribers in August, taking the total number of users to 225.6 million. In July, the total GSM subscriber base in the country was 219.30 million.
The Group of Elders include world leaders like -- Desmond Tutu, former UN Secretary Kofi Annan, Former US President Jimmy Carter, Li Zhaoxing, Mary Robinson, Bangladeshi economist Muhammad Yunus, Graca Machel, Gro Harlem Brundtland et al.
In a first of its kind initiative and available only in Kolkata, mobile services provider Vodafone Essar, has launched the 'Sambhav' prepaid card, targeted at customers with hearing and speech disability.Available at Rs 151, the prepaid Sambhav card will enable the hearing impaired to communicate effectively using a cellphone. The card enables customers with hearing and speech disability to use mobile phones primarily for sending SMSes.
Spectrum refers to the radio frequencies that enable wireless communication. It has been the source of a bitter dispute between mobile operators of the rival GSM and CDMA technologies. In its petition, Tata Teleservices has also demanded immediate allocation of spectrum that is under the contractual obligation in areas in which it has fulfilled its subscriber base criterion.
It is not clear, however, whether the two players are considering a majority stake or would be content as investors with 26 per cent.
The move by three major telecom service providers - Bharti Airtel, Vodafone Essar and Idea Cellular - to set up a consortium for passive infrastructure is gaining ground, but independent telecom infrastructure providers are yet to be convinced.
Petrol and diesel are among the 90-plus commodities that have been approved by the government for derivatives trading
The country's leading steel producers have devised a new strategy to pass on rising raw material costs to the end users without raising prices. Companies are now levying raw material surcharges while keeping the base price unchanged.
"Levi & Korsinsky usually investigates a deal when any of the clients complain about chances of fraud in the transaction. In Aegis's acquisition of PeopleSupport, we received a complaint from a client who is a shareholder of PeopleSupport. After our investigation, if we find any fraud, we will take up the issue before the court. At this point of time, we can not disclose the name of the client," said Juan E Monteverde, associate, Levi & Korsinsky.
The Telecom Regulatory Authority of India (Trai) has directed Vodafone Essar Mobile Services to refund value-added service (VAS) charges that were levied without "explicit consent". However, the regulator did not specify the amount the GSM major has to refund to the consumers.
The department of telecom (DoT) on Friday announced a set of rules for granting telecom licences and allocating spectrum that is likely to impact GSM-technology service providers like Bharti Airtel and Vodafone Essar, among others.
Call blocking is one facility that telecom service providers claim is only for the chosen few, for instance the celebrities. Not withstanding its niche appeal, service providers in the country are in various stages of implementing the technology.
A user can list certain numbers with the operator from which he does not want to receive calls, and calls from these numbers would be blocked. Around 10-15 numbers can be blocked, while the caller will get a "busy tone or a recorded message".
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation in Kakinada in Andhra Pradesh is likely to have a new partner -- the Bangalore-based GMR group. GMR is the latest to join the long line of suitors, including the Hinduja group, Reliance Industries and Essar Oil, for the refinery.
Old economy companies such as Hero, M&M (Tech Mahindra), Aditya Birla, Essar, Hindujas and Larsen & Toubro have sprung into action with large acquisitions and major deals.
As India's largest drugmaker unveiled a deal worth up to $4.6bn to sell control to Daiichi Sankyo of Japan, the disbelief at the press conference was palpable.
Telecom watchdog sought the regulator's intervention on the price hike by Bharti Airtel, Vodafone Essar and Idea and alleged that the three telcos have formed a cartel and increased local call charges by 20 per cent.
The tankers carrying fuel from terminals to dealer outlets would not just have global positioning system (GPS) tracking but also an electronic key (e-key).
India Inc is looking at the public sector to steer its ambitions, as former PSU heads are taken on board to lead the private sector.
Joining the list of nations that are keen to have the Nano ply on their roads, Cuba today said the world's cheapest car from the house of Tatas has huge potential in the Caribbean nation.
How a violent - and spreading - Maoist insurgency threatens the country's runaway growth
Reliance has shut all of its 1,432 petrol pumps in the country after sales dropped to almost nil as it could not match the subsidised price offered by public sector competition. Public sector currently sells petrol at a loss of Rs 13.97 a litre and diesel at a discount of Rs 20.97 per litre. This revenue loss is made up by the Government through issue of oil bonds. Private firms were not entitled for the subsidy and priced fuel from their pumps at Rs 8-10 a litre higher.
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.
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
However, Misra added that Vodafone will need to follow this transition up with a highly visible multimedia campaign in the initial two months. "This will instill confidence among consumers that their brand is in the right hands," he said.
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