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Sugar output estimates unchanged at 24.5 mn tonnes
The governnment today kept the country's sugar production estimate unchanged at 24.5 million tonnes for 2010-11 despite some "minor seasonal effects" on the sugarcane cultivation.
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Global mobile prices to fall below USD 100 by 2015: Study
Increased competition among manufacturers and their focus on lower-middle income countries will lead to a decline in prices of approximately 70% (4.8 billion) of active mobile phones across the globe below USD 100 by 2015, according to a recent study.
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Govt should occasionally give money to AI: Committee
Government should occasionally grant thousands of crores of rupees to Air india for its functioning as withdrawal of flights from profitable routes and unresolved issues relating to its merger do not augur well for the carrier, a parliamentary committee has said.
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Attrition in the IT BPO sector expected to moderate
IT major Infosys today said it expects attrition in the BPO sector to get moderated with a lot of companies now starting to do high-end work and providing career opportunities for employees within the firm.
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India had 548.66 mn active subscribers in January
The number of mobile subscribers in India increased by 2.52% for the month of January 2011, taking the total number to 771.18 million.
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Lanco finalises Griffin acquisition for AUD 730 million
Lanco Infratech today said it has finalised the acquisition of Griffin coal mines for AUD 730 million in the largest ever investment by any Indian company in West Australia.
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To get new study conducted on black money issue: Govt
The government today said it will get a new study conducted on black money stashed by Indians within and outside the country by July next year.
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Sibal to meet telcos next week to discuss spectrum issues
Telecom Minister Kapil Sibal is likely to meet industry players next week in order to reach a consensus on issues, including licencing, spectrum allocation, spectrum sharing and mergers and acquisition.
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No need to intervene in functioning of regulators: FM
Finance Minister Pranab Mukherjee today ruled out government intervention in the functioning of financial regulators saying they were doing a "good job".
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SC turns down BSNL plea on roaming service charges
The Supreme Court today said that state-owned BSNL is not entitled to charge private operators for providing signaling network for roaming services just on the basis of registration by their subscribers, even though they were not availing the facility.
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Govt to further liberalise FDI policy: Pranab
Finance Minister Pranab Mukherjee today said the government is considering further liberalisation of FDI policy for meeting the ambitious USD one trillion fund requirement in the next five years for infrastructure development.
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RBI's Rs 1-lakh penalty on Madheshwari Urban Dev Co-op Bank
The Reserve Bank of India (RBI), today imposed a penalty of Rs 1-lakh on Maharashtra based Madheshwari Urban Development Co-operative Bank following violations of its directives, the apex bank said in a press release issued here.
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FICCI to pursue with state govts issue of implementing GST
The Federation of Indian Chambers of Commerce and Industry (FICCI), today said it will pursue the issue of implementation of the proposed Goods and Services Tax (GST) with various state governments.
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Now, get rail and bus tickets at post offices
Post offices in the country will soon start issuing rail and bus tickets along with delivering letters.
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FDI cap in pharma to hurt global investor confidence: Body
Imposing restrictions on foreign direct investment (FDI) in the pharmaceutical space would hurt overseas investment flows into India and will send a wrong signal to global investors, reports the Economic Times quoting president of the Organisation of Pharmaceutical Producers of India (OPPI) Ranjit Shahani.
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Haryana pharma sector seeks reduction in VAT on drugs
Haryana''s pharmaceutical industry has sought from state Finance Minister Ajay Yadav to reduce VAT on medicines and provide power at subsidised rate to boost the sector.
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China Mobile says Apple interested in TD-LTE
China Mobile Ltd, the world's largest mobile carrier by subscribers, said on Friday that Apple Inc Chief Executive Steve Jobs has expressed interest in developing an iPhone based on the Chinese carrier's network standard.
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Sub-Committee of the Financial Stability Development Council meets today
Sub-Committee of the Financial Stability Development Council meets today
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Minal Industries; March 12, 2011 record date for bonus shares
Minal Industries has fixed March 12, 2011 as the 'Record Date' for bonus shares.
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Ericsson to rake in $1-bn additional revenues in 2 years
The world's largest telecoms gearmaker, Ericsson, expects to rake in over USD 1 billion in additional revenues over the next two years by executing a slew of managed services contracts from India for large telecom firms in Latin America, reports The Economic Times.
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Persistent Systems subsidiary signs definitive business purchase agreement with Infospectrum India
Persistent Systems subsidiary has signed definitive business purchase agreement to acquire certain assets of Infospectrum India.
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CVC probing into BSNL WiMax franchisee tender: Govt
The government today said the Central Vigilance Commission is carrying out a direct enquiry into alleged 'irregularities' in the selection of franchisees for rolling out state-run BSNL's WiMax network, reports The Economic Times.
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Sell ICICI Bank; target of Rs 1003: IIFL
IIFL is bearish on ICICI Bank and has recommended sell rating on the stock with a target of Rs 1003 in its March 4, 2011 research report.
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Accumulate Bosch; target of Rs 6753: Angel Broking
Angel Broking is bullish on Bosch and has recommended accumulate rating on the stock with a target of Rs 6753 in its March 3, 2011 research report.
