New Delhi: The Telecom Regulatory Authority of India (TRAI) Monday recommended to the government a much higher base price for the 2G spectrum auction that will be open to all players. TRAI recommended the reserve price for the 1800 MHz spectrum at Rs.3,622 crore and that for 900 MHz at Rs.7,244 crore. For 700 [...]
Abu Dhabi: Kerala-born M. A. Yusuffali is today dubbed as one of the most influential Indians in the Gulf Cooperation Council (GCC), a political and economic alliance of six Middle Eastern countries – Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman. He is the first non-Arab elected member of Abu Dhabi Chamber [...]
Mumbai: Reliance Infrastructure Monday said it has re-designated Lalit Jalan as chief executive officer (CEO) and that he will not be part of the firm’s board. “With a view to bifurcating te executive responsibilities from the board membership, Lalit Jalan and S.C. Gupta have stepped down from the board. Lalit Jalan has been re-designated as [...]
Washington: India’s Finance Minister Pranab Mukherjee has rejected a suggestion from corporate America that a leadership “vacuum” was chipping away at India’s investment climate and asserted that India has a “very powerful, strong and acceptable prime minister”. “How can I comment on the perception of some organisation or institution,” he asked Sunday when speaking to [...]
Colombo: Sri Lanka has revised its tourist arrival target to one million and is planning to upgrade services for tourists following a 21.1-percent rise in numbers in the first quarter of the year, a minister said here Monday. Sri Lanka’s post-war tourism boom looks set to continue for the third consecutive year with the [...]
New Delhi: Vehicles major Tata Motors announced Monday that it has signed a cooperation agreement with a Malaysian firm to develop, promote and market the Indian company’s high mobility military trucks for the Malaysian armed forces. “Tata Motors and DRB-HICOM Defence Technologies Sdn Bhd (Deftech), a wholly-owned subsidiary of DRB-HICOM Berhad, Malaysia, have signed a [...]
Bangalore: Finance Minister Prarnab Mukherjee Sunday laid the foundation stone for the country’s first financial city, being built by the state-run IFCI Infrastructure Development Ltd (IIDL) at the Hardware Park near the international airport at Bagalur, about 30 km from Bangalore. “We are developing India’s first financial city as a premium urban infrastructure in [...]
Kabul: India and Afghanistan Monday signed an agreement for enhancing cooperation in the field of iron and steel. A Memorandum of Understanding (MoU) was signed by Indian Minister for Steel Beni Prasad Verma and Afghan Minister for Mines Wahidullah Shahrani on this occasion, Xinhua reported. While terming India-Afghan relations very old and cordial, Verma [...]
Panaji: The Panaji bench of the Bombay High Court Monday issued notice to top officials of Vedanta Resources-owned Sesa Goa, Goa’s biggest mining company, for alleged violation of ore transportation norms. The notice was issued by Justice F.M. Reis in response to a petition filed by green activist Ramesh Gauns, who claimed that Sesa Goa [...]
Bangalore: Leading energy firm HHV Solar Technologies Ltd has developed a portable solar photovoltaic power generator with 600 watt capacity for emergency use in remote locations and disaster management. “The portable generator, weighing 415 kg, can be air-lifted or transported to remote locations or disaster areas for emergency deployment to provide electricity in the [...]
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