VSNL to buy Tyco Global for $130 m
IN the second instance of an Indian company buying a global submarine cable network, VSNL today announced that it has agreed to acquire Tyco Global Network from Tyco International for $130 million (around Rs 600 crore) in an all-cash ...
SEBI prescribes norms to list debt securities
LISTING of debt instruments on stock exchanges would henceforth be allowed only through a SEBI-specified listing agreement. The Securities and Exchange Bureau of India on Monday issued norms for listing debt instruments through modes such as ...
SCI board okays investment in Sethusamudram project
THE board of directors of Shipping Corporation of India (SCI) on Saturday approved a proposal to invest Rs 50 crore in the equity capital of the Rs 2,000-crore Sethusamudram canal project. The board, at its last meeting, had deferred a decision ...
Cellular operators need advance clearance for value-added services
THE Department of Telecom (DoT) has made it mandatory for all cellular operators to submit details of all the value-added services and take clearance of the security monitoring facility installed for these services 15 days ahead of the launch. ...
Buying in heavyweights props up indices
THE Sensex just managed to cross the 5,700-level on Monday, finishing at 5704.10 points - 32 points or 0.56 per cent higher than Friday's closing. The S&P CNX Nifty gained about 10 points to close at 1,797.75 points. More
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