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Vodafone, DoCoMo in race for BPL stake
BPL Mobile is in talks with a number of foreign operators including Vodafone and DoCoMo for an equity-based strategic partnership. The company is also talking to the Essar Holdings but no decision or agreement has been formalised . Speaking ... More

Mobile tariffs set to drop: Maran
Notification on increasing FDI cap by month-end

THE Communication and IT Minister, Mr Dayanidhi Maran, today promised to further bring down the local call tariffs even as policies are being made to usher new technologies and services in the telecom sector over the next one year. Spelling ... More

SBI net jumps 17 pc; to pay Rs 12.5 dividend
RIDING high on the 16.94 per cent jump in net profit at Rs 4,304.52 crore in 2004-05 from Rs 3,681 crore in 2003-04, the board of directors of State Bank of India, at a meeting here on Friday, recommended 125 per cent dividend (Rs 12.5 per share) ... More

Federal Bank mulls GDR issue
FEDERAL Bank is contemplating a GDR (Global Depository Receipt) issue, its Chairman and CEO, Mr M. Venugopalan, has said. Growth in business volume and size, Mr Venugopalan perceives, would be crucial for the Alluva-based bank to establish its ... More

Iffco-Tokio may opt for fresh infusion of capital — Net up 54 pc; plans public issue
IFFCO-Tokio General Insurance Co Ltd (ITGI), a 74:26 joint venture between Iffco and Tokio Marine and Nichido Fire, may opt for fresh infusion of capital in this fiscal to manage its business growth. The company's board, which met here on ... More

IA to assist ONGC lease two business jets
INDIAN Airlines (IA) is to assist Oil and Natural Gas Corporation (ONGC) to lease two new business jets capable of seating 9-12 passengers. This was agreed to in a memorandum of understanding (MoU) signed between the two companies here on ... More

Ministry favours block approval for SCI's acquisition plan
IN a development that could significantly shore up the fortunes of Shipping Corporation of India (SCI), the Ministry of Shipping has initiated a move to provide block approval to the company's $1-billion acquisition plan involving 14 ... More

India should not export iron ore: Muthuraman
INDIA'S urge to export iron ore should be tempered by the economic benefits of converting it into steel at home and the domestic need for the resource caused by the country's own graduation to being a big steel consumer, Mr B. Muthuraman, ... More

BSNL mobile network bursting at the seams
THE demand for mobile phones in rural India is causing Bharat Sanchar Nigam Ltd's cellular network to burst at its seams, with the subscriber base overshooting the installed capacity. While the state-owned company has an installed capacity of ... More



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