Bharat Sanchar Nigam Ltd (BSNL) and IT Company HCL Infosystems signed an agreement to work together on the National Broadband Penetration Programme (NBPP), a nationwide initiative to accelerate spread of information technology in rural India. In order to implement the project, BSNL will leverage the Universal Service Obligation Fund (USOF) set up by the Department of Telecommunications (DoT), which has granted subsidy to the state-owned company for providing broadband services in rural areas at cheaper rates.
With the availability of 3G spectrum, about 275 million Indian subscribers will use 3G-enabled services, and the number of 3G-enabled handsets will reach close to 395 million by 2013-end, estimates the latest report by Evalueserve, a provider of Knowledge Process Outsourcing (KPO) services.
Where did all the jobs go? It has been a rough year for employment all over the globe, but the outlook right now is definitely better in some countries than in others.
Forbes has picked 20 companies from India in its list this year. The companies have made the cut to enter the list of 200 best companies having sales less than $1 billion in the Asia-Pacific region.
Biotech company Biocon, industrial equipment firm AIA Engineering, IT outsourcing firm Allied Digital Services, software entity AurinoPro Solutions and construction materials company Birla feature in the league of 200 companies.
'For us in SAIL, the year 2008-09 marks yet another milestone dotted with challenging tasks and rewarding actions. At this juncture, when SAIL has completed 50 glorious years of commencement of its operation, we once again commit ourselves to evolving time-tested resilient practices, innovative spirit and deepen our resolve to fulfill our commitment to the nation', said Chairman S.K. Roongta, on the occasion of completion of 50 years of his company, SAIL.
MUMBAI (Reuters) - State-run Coal India has filed its draft offer document on Monday to sell 631.6 million shares or 10 percent of the company in an initial public offering, in what is set to be the country's largest-ever new share sale, the Mint newspaper reported on Tuesday.
MUMBAI (Reuters) - Tata Motors , India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover (JLR) unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.
The Supreme Court on Friday asked various stakeholders, including Set Discovery and Zee Turner, to file objections on broadcast regulator Trai s proposal to cap cable TV charges at Rs 250 per month across the country in non-CAS areas. The Telecom Regulatory Authority of India (Trai) had last week sought the apex court s permission to fix a ceiling of Rs 250 per month on the retail tariff charged by local cable operators from consumers in non Conditional Access System areas. Currently, the broadcasters are charging the price from the Multi System Operators (MSOs) based on the whole-sale tariff system. A bench ...
Great Offshore and Bharati Shipyard will remain two entities and there are no plans to merge them, Great Offshore executive director PC Kapoor said at the fifth annual general meeting of the company in Mumbai on Tuesday. Bharati Shipyard currently holds 47.9% stake in Great Offshore. At present, the two companies are functioning as two separate entities and there is no proposal to merge them, Kapoor said. Bharati Shipyard is happy with the current shareholding and is not looking to hike its stake in Great Offshore via creeping acquisition or through an open offer, he added. Currently, we have three ...
MUMBAI (Reuters) - The rupee is seen opening largely steady on Friday in line with an expected flat performance in domestic shares but stronger regional currencies could support the local unit, dealers said.
