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PSEG to quit India — Quotes non-payment of bills, lack of sanctity of contracts
THE US power utility Public Service Enterprise Group (PSEG), has decided to quit the power business in India. The company has stakes in two private power projects in the country, both of which commenced operation in 2001. The company's decision ...
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Bharti dials international — Tariff war hots up
BHARTI Telesonic Ltd, the long-distance telephony arm of the Bharti group, has announced the commercial launch of its international long-distance (ILD) services under its brand name `IndiaOne.' This makes it the first private operator to start ...
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VSNL cuts rates up to 40 pc
VIDESH Sanchar Nigam Ltd (VSNL) has announced cuts of up to 40 per cent in its international long distance (ILD) tariffs. The company's tariff rates for outgoing traffic to countries in the US have been sizeably reduced by over 40 per cent ...
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Monsoon situation worsening: IMD
CONTRARY to the general impression that the South-West monsoon has staged a revival during this week, the India Meteorological Department's (IMD) latest seasonal rainfall data points towards a further deterioration. The country as a whole has ...
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Wipro Q1 net drops to Rs 220 cr — Buys majority stake in Spectramind for Rs 406.9 cr
WIPRO Ltd, which announced its first quarter results today reported higher revenues for the quarter but lower PAT year-on-year. Revenues from operations were up by 19 per cent to Rs 930 crore year-on-year (excluding revenues of Rs 3.8 crore from ...
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DCA to appoint independent officer to probe Xerox
ARMED with the Company Law Board (CLB) order to initiate investigations into Xerox Modicorp Ltd to assess whether the company's management has been guilty of fraud, the department is set to appoint an independent investigating officer early next ...
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Raman Roy back in the limelight
TWO years ago, he was in the news for chucking his job with GE Capital and becoming an entrepreneur. Today, Mr Raman Roy of Spectramind, one of the country's largest call centre companies, is again hitting headlines. Though this time around, ...
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Pawar meets Rahul Bajaj
THE former Maharashtra Chief Minister, Mr Sharad Pawar, had a breakfast meeting at the residence of Bajaj Auto Chairman, Mr Rahul Bajaj, on Friday. Mr Pawar refused to comment to newspersons after he came out of the meeting. "We will issue a ...
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George Varghese quits Hughes Tele
MUMBAI: Hughes Tele.com India Ltd has informed the Bombay Stock Exchange that Mr George Varghese, President & Chief Executive Officer, has resigned from the services of the company with effect from July 19. Mr Vivek Sett, Chief Financial ...
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Modi resigns; seeks Assembly dissolution
THE nine-month-old Narendra Modi Government submitted its resignation to the Governor, Mr Sundar Singh Bhandari, on Friday and recommended the dissolution of the 10th Gujarat Legislative Assembly. Mr Bhandari has accepted the Cabinet's ...
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