"We have signed an MoU with Cisco to make an investment in GIFT and help us evolve our technology platform. The American giant is likely to invest over $2 billion in the project," a top government official of GIFT said. Cisco is also expected to pick up some stake in the project. However, the details are still being worked and it will take about three-four months to finalise the deal, the official added.
'GIFT City is now on a growth trajectory,' says Tapan Ray, MD and group CEO, GIFT City, 'The time has come for the GIFT City to take the big leap and emerge as the next financial hub of Asia.'
The economic slowdown has forced many students to take up entrepreneurship because of lack of jobs in the market.
TEC, the technical arm of the Department of Telecommunications, is planning to recommend a steep increase in spectrum usage charges for GSM mobile service providers that seek additional spectrum beyond 6.2 MHz and raised the bar on access.
TEC, the technical arm of the Department of Telecommunications, is planning to recommend a steep increase in spectrum usage charges for GSM mobile service providers that seek additional spectrum beyond 6.2 MHz and raised the bar on access.
Even while the entire world is grappling with a downturn, we are maintaining a solid growth rate of 6 to 7 per cent. That's simply commendable.
Indian infrastructure group GMR on Wednesday agreed to buy half of US power producer InterGen for about $1.1bn from an investment firm backed by American International Group and Highstar Capital.
The government has accepted Telecom Engineering Centre's report that has suggested tough norms for spectrum allocation to GSM operators, a move that may make it difficult for players like Airtel, Vodafone and Idea to get additional frequency.
The Cisco I-Prize aims to bring together global teams to develop technology business ideas using Cisco's collaboration technologies and to run those ideas through Cisco's process for identifying emerging technologies to take to market, Cisco Chairman and CEO John Chambers said.
According to Andrew Coates of the Mullard Space Science Lab, the impactors would represent the first time there had been a detailed study of the Moon's sub-surface.
Are you the one of those people who's famous for snapping pictures at parties or who enjoys capturing various shades of life through a lens? If you want to earn a living using your creative side but need more information, then this article's for you!
The top M.B.A. programs in the U.S. and around the world.
Manmohan-Putin to ink four aggreements in Moscow
Coruscant Tec, a leading mobile content and commerce provider announced on Monday that it has nominated Alex Kuruvilla
Dance your way out of stress - that is the new fitness mantra for thousands of young IT and BPO professionals in the country.
About 7,000 Indian students registered with the Chartered Financial Analyst institute are unlikely to appear in their examinations scheduled for June 3.
India will sign three agreements with Japan, aimed at enhancing ties between institutions and industries of the two countries in the information technology and telecom sector
India's leading motorcycle maker Bajaj Auto on Monday introduced the new Discover 112 cc, looking to increase its market share in the 'Executive' segment of motorcycles in the domestic market.
Take the rediff biz quiz and find how much you know about IT giant Infosys.
"India and the United States are natural partners and we need to strengthen these ties in every way because it meets our interests and furthers our objectives," Parikh said.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
Tech Mahindra listed at Rs 525 on BSE against an issue price of Rs 365. What should investors do with the stock and what are the concerns going forward?
Spark will be targeted to cut a major slice of the growing small segment pie.
The Indian natural stone companies, which participated in the recently concluded International Fair for Natural Stone Processing Technology - Stone-Tec - in Nuremberg, Germany, have received orders worth Rs 80 crore (Rs 800 million).
Indian scientists who wrote to the PM last week are not entirely rejecting GMOs but instead asking for caution and further testing to establish their safety.
The stage is set for opening of commercial bids for the modernisation of Delhi and Mumbai airports, with the empowered group of ministers on Civil Aviation scheduled to meet on Monday for taking a decision on technically qualified bidders.
Naren Kumar finished third behind Karandip Singh and Arjun Balu respectively in the Movva Rally de Bangalore but clinched the MAI Indian National Rally Championship.
He and co-driver Kumar Ramaswamy of Team MRF finished over four minutes ahead of second-placed R Karthikeyan and co-driver G Satish.
Indian Airlines has submitted a project report for aquisition of 43 aircraft comprising Airbus A-319s, Airbus A-320s and Airbus A-321s from Airbus Industries
The national champion was in the lead at the end of the first leg in the MRF Taj Challenge Rally.
The government is keeping a "close watch" on the developments relating to the Tata-Mistry case, but does not want to "interfere" at present as it was an "internal matter" of a private group, Ministry of State for Corporate Affairs Arjun Ram Meghwal has said.
In a bid to tap the potential of the broadband market, the Tata Group is looking at a broadband company for a possible acquisition and the deal is likely to be concluded in a month or two.
Revenue foregone on account of corporation tax exemptions is estimated to grow by 16 per cent in 2018-19 (FY19) versus 8.7 per cent in the previous year and 12 per cent in 2016-17, show the Budget documents.
The Budget will focus on Gujarat's GIFT City.
Apple and Samsung are international players and should work as a team with domestic companies to transform India into a global powerhouse: IT Minister Ravi Shankar Prasad.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances