Exploring stake sale in telecom towers arm: Ambani (Lead)
September 4th, 2012 - 7:47 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider a stake sale in its telecom towers arm next year as part of a medium-term plan to reduce debt that has topped ... Read more...
Posted in Business |
Exploring stake sale in telecom towers arm: Ambani
September 4th, 2012 - 5:18 pm ICT by IANS
Mumbai, Sep 4 (IANS) Reliance Communications will consider selling a stake in its telecom towers arm as part of a definite medium-term plan to reduce debt that has topped nearly ... Read more...
Posted in Business |
KEC International bags new orders worth Rs.1,416 crore
April 20th, 2012 - 5:03 pm ICT by IANS
New Delhi, April 20 (IANS) Infrastructure major KEC International Friday said it has bagged orders worth Rs.1,416 crore across all its divisions.The company won orders worth Rs.320 crore from Power ... Read more...
Posted in Business |
Telenor-Unitech case referred to international arbitration
April 12th, 2012 - 8:49 pm ICT by IANS
New Delhi, April 12 (IANS) India-based realty firm Unitech Thursday said the Company Law Board (CLB) has accepted the firm's plea to resolve its dispute with Norway-based Telenor through international ... Read more...
Posted in Uncategorized |
SSTL’s quarterly net loss rises to Rs.1,197 crore
April 11th, 2012 - 10:13 pm ICT by IANS
New Delhi, April 11 (IANS) Sistema Shyam Teleservices (SSTL), which operates under the MTS brand, Wednesday said its net loss increased to Rs.1,197 crore during the fourth quarter that ended ... Read more...
Posted in Business |
Russia, India to discuss Sistema licence during BRICS summit
March 26th, 2012 - 8:35 pm ICT by IANS
Moscow/New Delhi, March 26 (IANS) Russian and Indian leaders will discuss the issue of Sistema Shyam Telecom Ltd (SSTL), which provides services under the MTS brand but stands to lose ... Read more...
Posted in World |
Company Law Board suggests mediation to Telenor, Unitech
March 1st, 2012 - 10:03 pm ICT by IANS
New Delhi, March 1 (IANS) The Company Law Board (CLB) Thursday returned the petitions filed by Norway-based Telenor and India's Unitech, citing technical errors, and asked the firms to resolve ... Read more...
Posted in Business |
Videocon to seek review of order cancelling licences
February 29th, 2012 - 11:27 pm ICT by IANS
New Delhi, Feb 29 (IANS) Telecom service provider Videocon Wednesday said it would move the Supreme Court for a review of the judgment cancelling its 21 licences issued in 2008 ... Read more...
Posted in Business |
Sistema gives India 6 months to settle 2G licences row
February 28th, 2012 - 7:09 pm ICT by IANS
Moscow/New Delhi, Feb 28 (IANS) Russian conglomerate Sistema Tuesday put the Indian government on notice, saying it would initiate proceedings as per the provisions of the bilateral investment treaty if ... Read more...
Posted in Business |
Companies that were issued the 122 tainted telecom licences (Lead)
February 2nd, 2012 - 7:47 pm ICT by IANS
New Delhi, Feb 2 (IANS) The following are the 17 firms, some of which have since been sold out or merged, that were issued the 122 licences in 2008 - ... Read more...
Posted in Business |
India’s first Startup Village at Kochi
January 18th, 2012 - 6:04 pm ICT by IANS
Kochi, Jan 18 (IANS) The country's first Public Private Partnership (PPP) telecom business incubator - 'Startup Village' - will be set up at KINFRA Park in Kalamassery near here.Startup ... Read more...
Posted in Business |
KEC International bags orders worth Rs.1,253 crore
January 4th, 2012 - 3:27 pm ICT by IANS
Mumbai, Jan 4 (IANS) KEC International Wednesday said it has bagged orders worth Rs.1,253 crore in its power systems, water, telecom, transmission and cable business from India, Saudi Arabia, the ... Read more...
Posted in Business |
India’s first telecom business incubator in Kerala
October 27th, 2011 - 4:14 pm ICT by IANS
Thiruvananthapuram, Oct 27 (IANS) India's first telecom business incubator will be set up in Kerala under Infosys co-founder and Executive Co-chairman Kris Gopalakrishnan.The Indian Telecom Innovation Hub will focus primarily ... Read more...
Posted in Sci-Tech |
I am innocent in 2G scam, says Morani
August 19th, 2011 - 9:18 pm ICT by IANS
New Delhi, Aug 19 (IANS) Seeking his discharge in the 2G spectrum allocation scam, Cineyug Films' founder Karim Morani Friday told a Central Bureau of Investigation (CBI) special court here ... Read more...
Posted in Business |
Jailed Goenka says he is innocent (Lead)
August 3rd, 2011 - 6:41 pm ICT by IANS
New Delhi, Aug 3 (IANS) Denying any role in the 2G spectrum scam, Swan Telecom director Vinod Goenka said Wednesday it was his company's promoter Shahid Usman Balwa who looked ... Read more...
Posted in Business |
Jailed Goenka says he is innocent
August 3rd, 2011 - 2:44 pm ICT by IANS
New Delhi, Aug 3 (IANS) Denying any role in the 2G spectrum scam, Swan Telecom director Vinod Goenka said Wednesday it was his company's promoter Shahid Usman Balwa who looked ... Read more...
Posted in Sci-Tech |
Prosecution concludes arguments in 2G spectrum case
July 23rd, 2011 - 9:36 pm ICT by IANS
New Delhi, July 23 (IANS) Paving the way for the defence to start arguments in the second generation (2G) phone spectrum case, the Central Bureau of Investigation (CBI) Saturday ... Read more...
Posted in Business |
JPC examining NDA’s 1999 telecom policy, summons Sorabjee (Lead)
May 18th, 2011 - 10:52 pm ICT by IANS
New Delhi, May 18 (IANS) The Joint Parliamentary Committee (JPC) probing alleged irregularities in the allocation of 2G licences by jailed former communications minister A. Raja is now digging ... Read more...
Posted in Uncategorized |
Goenka’s imprisonment won’t affect operations: DB Realty
April 20th, 2011 - 8:28 pm ICT by IANS
Mumbai, April 20 (IANS) Real estate firm DB Realty said the imprisonment of its managing director Vinod Goenka, whose bail plea in the 2G spectrum case was rejected Wednesday, will ... Read more...
Posted in Uncategorized |
Raja, 11 others formally charged in 2G spectrum case (Roundup)
April 2nd, 2011 - 7:48 pm ICT by IANS
New Delhi, April 2 (IANS) Formal charges running into 127 pages, with over 80,000 sheets in annexure, were filed against former telecom minister A. Raja, eight other individuals and three ... Read more...
Posted in Business |
Raja, 11 others formally charged in 2G spectrum case (Lead)
April 2nd, 2011 - 6:06 pm ICT by IANS
New Delhi, April 2 (IANS) The Central Bureau of Investigation (CBI) Saturday filed its first chargesheet of 127 pages with 80,000-page annexure against nine people and three firms in the ... Read more...
Posted in Politics |
SC directs Vodafone to deposit 2,500 cr, bank guarantee of 8,500 cr
November 15th, 2010 - 5:36 pm ICT by ANI
New Delhi, Nov.15 (ANI): The Supreme Court on Monday directed telecom company Vodafone to deposit rupees 2,500 crore in three weeks and a bank guarantee of rupees 8500 crore in eight weeks.The ... Read more...
Posted in Business |
HCL Infosystems Q1 net profit down by 19.5 percent (Lead)
October 27th, 2010 - 8:19 pm ICT by IANS
New Delhi, Oct 27 (IANS) HCL Infosystems Wednesday reported a 19.5 percent decline in net profit at Rs.47.46 crore for the first quarter ended Sep 30 from Rs.58.97 crore in the year-ago ... Read more...
Posted in Business |
Reliance Infocomm officials appear in court in call masking case
August 3rd, 2010 - 5:44 pm ICT by IANS
Chennai, Aug 3 (IANS) Top officials of the erstwhile Reliance Infocomm Tuesday appeared before the chief metropolitan magistrate at Egmore here in a case related to masking of international calls as local ... Read more...
Posted in Business |
Bharti promises more than just telecom services to Tanzania
July 22nd, 2010 - 2:00 pm ICT by IANS
New Delhi, July 22 (IANS) India's Bharti Airtel, which acquired the African telecom assets of Kuwait's Zain recently, has committed itself to bringing affordable phone services to Tanzania and becoming a pro-active ... Read more...
Posted in Business |
Charges against former Reliance Communications officials on call manipulating
July 3rd, 2010 - 12:39 am ICT by IANS
New Delhi, July 2 (IANS) The Central Bureau of Investigations (CBI) has filed charges against then director of Reliance Infocomm Manoj Modi and five others for an alleged scam where international phone ... Read more...
Posted in Business |
Mukesh-Anil Ambani scrap ‘non-compete’ agreement of 2006
May 23rd, 2010 - 9:07 pm ICT by ANI
Mumbai, May 23 (ANI): In a significant development, Reliance Industries Ltd. (RIL) and Reliance ADA Group companies on Sunday formally agreed to cancel all existing non-compete arrangements which the two groups entered ... Read more...
Posted in National |
Aditya Birla Nuvo net dips by over 9 percent
October 30th, 2009 - 6:14 pm ICT by IANS
Mumbai, Oct 30 (IANS) Diversified company Aditya Birla Nuvo Friday said its net profit for the quarter ending Sep 30 fell 9.29 percent to Rs.59.2 crore compared to Rs.65.31 crore in the ... Read more...
Posted in Business |
Essar, Dhabi Group eye partnership in Africa telecom venture
July 19th, 2009 - 11:00 pm ICT by IANS
Abu Dhabi, July 19 (IANS) India's Essar Group is exploring possibilities for investing in the United Arab Emirates (UAE)-based Dhabi Group's telecom business in Africa, the WAM news agency reported Sunday.
Dhabi Group ... Read more...
Posted in Business |
Bharti group eyes farm produce retail with $2.5 bn investment
May 18th, 2009 - 11:01 am ICT by IANS
By Anuradha Shukla
New Delhi, May 18 (IANS) Agriculture and retailing of farm-based products will be the next focus areas for the diversified Bharti group with a war chest of $2.5 billion. The ... Read more...
Posted in Business |
Sunil Mittal joins US think tank board
March 28th, 2009 - 11:29 am ICT by IANS
By Arun Kumar
Washington, March 28 (IANS) Sunil Mittal, chairman and managing director of India's Bharti Group, has joined the Board of Trustees of the Carnegie Endowment for International Peace, a Washington think ... Read more...
Posted in Business |
Unitech allotted spectrum for four service areas
December 29th, 2008 - 6:02 pm ICT by IANS
New Delhi, Dec 29 (IANS) Telecom operator Unitech Wireless, a subsidiary of real estate major Unitech, Monday said it has received 4.4 MHz of spectrum in the 1,800 MHz GSM bandwidth in ... Read more...
Posted in Uncategorized |
Grant of 2G spectrum to new players justified
October 31st, 2008 - 10:05 pm ICT by IANS
New Delhi, Oct 31 (IANS) The government Friday said it would not have been possible to levy higher spectrum usage charges in case the second generation (2G) spectrum was auctioned and not ... Read more...
Posted in Sci-Tech |
Aditya Birla Nuvo reports results for first Quarter
August 4th, 2008 - 7:13 pm ICT by ANI
Mumbai, August 4 (ANI/Business Wire India): Growing share of new business premium in the Life Insurance business and retail expansion in the garments business impacted consolidated profitability.
Aditya Birla Nuvo continued to ... Read more...
Posted in Health Science |
Aditya Birla Nuvo reports net profit of Rs. 47.8 Cr. for second quarter
November 14th, 2007 - 8:12 am ICT by admin
Read more...
Posted in Business |