BSE Sensex gains 33 points in early trade
Equipment manufacturers and contractors will count on state firms for large orders next fiscal year as NTPC Ltd and Power Grid Corp of India plan to invest 400 billion rupees in various projects and the government will pump in additional 100 billion rupees, according to government sources.
National Highway Authority of India is seeking to push for a "relief package" for road developers as several of them are "under stress" and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium, sources close to the matter said.
Telenor's India unit said on Saturday it would close down its mobile phone services in Mumbai zone immediately after a court ordered that carriers whose permits were revoked and did not win fresh rights to airwaves must stop services.
Operators offering 4G services with 2,300-MHz spectrum are likely to get the option of switching to the more efficient 700- MHz band, with the Department of Telecommunications working considering offering the latter in the next round of auction, DoT officials close to the development said.
Etihad Airways needs to revise its deal to buy a stake in India's Jet Airways India Ltd and it is too soon to say when a final agreement will be struck, the Abu Dhabi airline's chairman said.
Unichem Laboratories Ltd said on Friday it plans to
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