Import duty cut on cellular phones will boost industry
Modi Telstra Ltd, the joint venture between Telstra of Australia and the BK Modi group. The company is one of the cellular service providers for the Calcutta Metro.

Collective investment schemes norms are welcome
It has been provided that the controlling interest in the CIMC cannot be changed without taking approval of 50% of the unit holders.

The flip side
Inflation will be low for the second successive year. The latest official wholesale price index (for the week ended October 16) puts the (y-o-y) price increase at 2.84%, up from 2.51% in the previous week.

Miles to go
The development financial institutions (DFIs) have announced a plan to float an asset reconstruction company (ARC). This will be a joint effort to tackle their non-performing assets (NPAs).