Hutch's Aircel buy hits DoT hurdle Clarification on equity structure sought
HUTCH plan to acquire Aircel Cellular may have hit a minor bump with the Department of Telecom seeking clarification on the equity holding structure of the acquiring company. According to senior officials in DoT, clarifications were required ...
India Inc gears up to face truckers' strike
INDIA Inc is preparing contingency plans to counter the impending truckers' strike. While most companies have kept adequate inventory of raw materials to last them for a week to 10 days, they are hoping the strike is called off so that no major ...
`Govt to take more fiscal measures to ease inflation'
THE Union Finance Minister, Mr P. Chidambaram, has said that the Government, if necessary, would take more fiscal measures to control inflation. Briefing newspersons after the meeting of the Cabinet Committee on Pricing (CCP) here on Thursday, ...
Sensex up 85.37 on all-round buying
IN a sharp turnaround in sentiment, all-round buying saw the market shrug of its losses with the BSE Sensex ending the day 85.37 points higher (a 1.69 per cent gain) at 5,123.65. The benchmark index had lost 64.66 points on Wednesday, its ...
Phosphoric acid shortage may force fertiliser units to cut production
THE country may face a serious shortage of phosphatic and other complex fertilisers in a few weeks. Early this week, the phosphorus-based fertiliser producers informed the Government that they would not be able to continue production since the ...
Britannia finds outsourcing a cheaper option
BRITANNIA Industries Ltd (BIL) plans to outsource more of its own products as it finds outsourcing a cheaper option than increasing output at its existing plants where the cost of production is high on account of higher wages. The company ...
Zee recreates the Birla will drama
SCIONS of the Birla clan will probably be fighting their legal battle against Mr Rajendra Singh Lodha for decades for the Rs 5,000-crore M.P. Birla Group, but television viewers will know about Mr Yodha's fate in his clash with the Nerula family ...
'No clear leader in low-cost services delivery'
DESPITE significant investments in skills, infrastructure and processes, none of the top onshore and offshore IT services vendors is a clear leader in low-cost global delivery model (GDM), according to a Forrester report. The top three vendors ...
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