TRAI says new rules won’t increase cable, DTH bill, or hurt LCOs

Telecom Regulatory Authority of India has dismissed the “fabrications and concoctions” being circulated on social media about the new tariff rules that will come into effect on December 29. In a statement, the regulator countered two broad concerns on the upcoming tariff scheme — that consumers will have to pay far more to watch their […]

Cairn to treble Rajasthan crude production

Cairn India, India’s biggest private oil producer, has sought government permission for increasing its capacity from 160,000 barrels to 350,000 barrels. The London-controlled firm, which approached the environment ministry for the nod, has been told to come back with the comments of the Directorate General of Hydrocarbons, under the ministry of petroleum and natural gas. […]

BP, Vodafone lead India M&A

The Indian economy is shifting into high gear, going by the four-fold increase in acquisitions and mergers reported by FT-owned Merger Markets. Value of mergers and acquisitions were up 271% in the three months ended March this year, hitting $18.3 billion. The value is second highest quarterly M&A size in Indian history, and second only […]

Enterprise revenues bounce back for HCL

Mirroring the recovery in the enterprise software market, HCL was able to get a higher share of its income from ‘custom application services’ — creating software tailored to individual companies — compared to before. Against 29.9% contributed by this segment a year ago, it accounted for 32% during the March quarter. Custom application development is […]

Orissa gov accuses anti-Posco protestors of forgery

Amidst allegations and counter-allegations, the Orissa government has accused anti-POSCO activists of forging documents to claim rights over the disputed land. In a report forwarded by the Orissa government to the environment minister Jairam Ramesh, Narayana Jena, collector of Jagatsinghpur district, question the integrity and character of the leaders of the protestors. “The Palli Sabha […]

PSLV launch successful

After two successive failures of the GSLV mission last year India’s Polar Satellite Launch Vehicle (PSLV_C16) has placed successfully a remote sensing satellite,Resourcesat-2 into orbit on Wednesday.The latest satellite will study and help in managing natural resources along with two nano satellites. ISRO’s (Indian Space Research Organization) homegrown workhorse Polar Satellite Launch Vehicle placed in […]

India wary of China’s naval bases in Africa

India looked with suspicion at China’s establishment of Naval bases along the African coast in the name of fighting pirates, and felt the US climbdown over the USS ‘Impeccable’ incident of 2008 was unhelpful. The USS Impeccable, an unarmed surveillance ship of the US Navy, was repeatedly harassed by Chinese naval and other ships and […]