Airtel slashes roaming rates by 60% to 60p

Intensifying the tariff war, the country’s largest telecom operator, Bharti Airtel, on Friday slashed the roaming rates by 60% to 60 paise per minute, thus becoming the second operator after Reliance Communications to do so. Analysts say that other operators will follow suit soon.

Buoyant European mkts spur sentiment, Sensex up 386 pts

The country’s equity markets staged a comeback in late trade after European bourses opened on a bouyant note, lifting sentiment among investors.

Non-ferrous metals on Reliance-SX radar

Reliance Spot Exchange, a part of the Anil Dhirubhai Ambani Group, is looking to add non-ferrous metals like copper, zinc and aluminium to its portfolio soon.

Corporate Notes

Ranbaxy Laboratories has recalled from the US market a batch of 4,348 cartons of Sotret Isotretinoin capsules used in treating skin infections.

Corporate Notes

Mahindra Satyam is reportedly on the verge of finalising a deal to payback an undisclosed sum to the Victorian government following the collapse of a $75-million IT project in Geelong.

Sensex falls 213 pts on FII curb fears

The domestic equity bourses fell on concerns that the government might take steps to curb capital inflow if foreign investment surge prompts overseas investors to book profits. The 30 share Sensex of the Bombay Stock Exchange lost 213.13 points or 1.25 % to end the day at 16,785.65 points.

Fein floats Indian arm

Fein, one of the world’s first players in the power tool industry, has launched its operations in India by floating a subsidiary, Fein Power Tools India Private Ltd, headquartered in Chennai. Ameer Ahamed Munaff has been appointed CEO of the Indian arm.

Jet, Sahara get 2 mths to file affidavits in payment default case

The Bombay High Court on Thursday granted two months time to private carrier Jet Airways and Sahara India Commercial Corp Ltd for filing separate affidavits with regard to the dispute over the default in payments by Jet after it had taken over erstwhile Sahara Airlines in 2007.

Beetle to cost Rs 20 lakh on high import duty

Ready to shell out Rs 20 lakh for the iconic Volkswagen Beetle that will hit Indian roads on December 4, courtesy a high import duty levied on the car. While this will be the costliest hatchback from Volkswagen in India, the company will launch another premium car, Polo, at Rs 4.5 lakh in January.

Lodha Dev to invest Rs 6,000 cr

Mumbai-based realty firm Lodha Developers, which plans to hit the capital market with its IPO early next year, will invest....

IPL franchisees seek more say, to form body before next season

A battle of nerves between the Indian Premier League franchisees and the Board of Control for Cricket in India is on the cards.

Financial bids for 126 combat aircraft by 2010-end

The financial bids for the procurement of 126 Medium Multi-Role Combat Aircraft will take place by the end of the next year, minister of state for defence, M Mangapati...

Nasscom to take up regulatory issues with government to spur growth

In a bid to promote growth of the engineering services sector Nasscom is in talks with the government to overcome regulatory challenges.

Karvy Fin set to raise Rs 200 cr this fiscal

Karvy Financial Services Ltd, part of Karvy Group, an integrated financial services group, is planning to raise Rs 150 crore of debt and Rs 50 crore of equity during the current financial year.

Biotech major Qiagen eyes India

After firmly establishing its roots in China in last few years, Dutch biotech company Qiagen NV, the largest global player in sample and assay technologies, has now zeroed in on India.

RBI revokes zero-cost facility in forex deals

The Reserve Bank of India on Wednesday withdrew facility of zero-cost or cost reduction structures to ensure more transparency in forex derivatives trading.

Mahindra Satyam could service M&M

Mahindra Satyam, which caters to the engineering services market, might look at servicing its new parent firm, Mahindra & Mahindra, as a client. This comes at a time when M&M is preparing to enter the US market with its market-specific vehicles.

Engineering services market to touch $50 billion by 2020

The Indian engineering services industry will grow up to a $50 billion market by 2020, says a study carried out by Nasscom and Booz. In a report ‘Engineered in India—Engineered for the world’, it said that the industry would generate around 25-30 million direct jobs by 2020.

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Airtel slashes roaming rates by 60% to 60p

Buoyant European mkts spur sentiment, Sensex up 386 pts

Non-ferrous metals on Reliance-SX radar

Corporate Notes

Corporate Notes

Sensex falls 213 pts on FII curb fears

Fein floats Indian arm

Jet, Sahara get 2 mths to file affidavits in payment default case

Beetle to cost Rs 20 lakh on high import duty

Lodha Dev to invest Rs 6,000 cr

IPL franchisees seek more say, to form body before next season

Financial bids for 126 combat aircraft by 2010-end

Nasscom to take up regulatory issues with government to spur growth

Karvy Fin set to raise Rs 200 cr this fiscal

Biotech major Qiagen eyes India

RBI revokes zero-cost facility in forex deals

Mahindra Satyam could service M&M

Engineering services market to touch $50 billion by 2020

‘Indian IT industry to remain attractive despite challenges’

Corporate Notes

JLR secures £170-m loan from GE Capital