Rural telephony to ring in money for Govt from operators
Rural telephony has become so lucrative that some of the operators are willing to give money to the Government to offer services in villages than take subsidy from the Universal Services Obligation fund.
Govt may sell residual stake in Maruti next fiscal
The Finance Minister, Mr P. Chidambaram was quoted to have said that the sale of residual Government stake in Maruti Udyog is likely in the next financial year.
Steel industry for quantitative curbs on iron ore exports
Steel manufacturers demanded placement of quantitative restrictions on the export of iron ore to preserve mineral wealth.
German co's arm to foray into processing fruits
Doehler India Pvt Ltd (DIPL) is making its first foray into processing fruits in India and is targeting pomegranates and alfonso mangoes for this pilot project.
Stone India bags China order for wagon air brakes
Stone India Ltd has announced that the company has received an initial order for supply of 100 sets of wagon air brake systems to a Chinese wagon builder.
ONGC Getting Ultra-Deepwater Rig
Taking a cue from the continuing rig crisis and the resultant impact on drilling plans, ONGC is considering acquisition of an ultra-deepwater rig.
Wells Fargo may set up back-office in India
US-based financial services major Wells Fargo, which has set up an information technology and business process outsourcing facility in Hyderabad, is looking at locating back office processes, other than call centres, in India.
Reliance to invest $12 bn in KG basin gas field
Reliance Industries (RIL), the country’s largest private company, is lining up investments of over $12 billion for production of gas from its fields in the Krishna-Godavari basin and distributing it to consumers across the country.
Dutch firm to buy 49% stake in CanBank MF
The Netherlands-based Robeco Groep NV, part of the European banking major Rabobank Groep, will buy 49 per cent stake in Canara Bank's asset management arm.
Ranbaxy in Lipitor patent suit with Pfizer in 17 countries
India’s largest drug-maker Ranbaxy has locked horns with the US-based world’s largest drug-maker Pfizer in 17 countries over infringement of patent of the latter’s blockbuster cholesterol lowering drug Lipitor.
Spice plans to piggyback Telekom Malaysia’s ILD network
Spice Telecom, which is close to receiving both national and international long distance licenses, is looking at riding on Telekom Malaysia's ILD infrastructure to tap this market.
Offshoring losing cost advantage: study
Labour cost advantage associated with offshoring information technology services to countries like India, China and the Philippines, are declining.
GAIL to join hands with China Gas
State-run utility Gas Authority of India Limited (GAIL) is all set to join hands with China Gas Holdings to undertake cooperation in various projects.
Iron ore exports surge despite levy
Iron ore exports are projected to surge 34% in March despite a tax of Rs 300 a tonne imposed by finance minister P Chidambaram on February 28.