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Editor's Desk With an eye on the forthcoming elections, Delhi government has come up with a new postal life insurance scheme for a monthly premium of Rs.1.25 for the rural population. The new policy will provide a coverage of Rs 1,00,000 of sum assured and the policyholder has to contribute only Rs 1.25 per month or Rs … Read more Delhi govt to launch insurance scheme with Rs 1.25 monthly premium
Unitech Wireless / Telenor signed a tower sharing agreement with Quippo and the tower arm of TTSL (both of whom merged recently). The merged entity has 18k towers currently, increasing to 22k in April 2009 and to 40k in the next 12 months. This rollout plan is to meet the GSM launch by Tata Tele, … Read more Telenor-Unitech: Small Beginning + Option To Go For Other Towercos
Tata Communications, [earlier VSNL] a Tata group company, has announced an investment of $430 million in Asia Pacific for an Asian Internet data centre and cable system. The investment in the Internet data centre will be about $180 million, while the investment for the cable system will come to $250 million. The cable system will … Read more Tata Communications to invest $430 million in Asia + Data centres at Singapore
Foreign institutional investors (FIIs) were net sellers of Rs 34.76 crore (provisional) in the cash mart on Wednesday, according to information available on the BSE website. While FIIs made gross purchases of Rs 903.24 crore, their gross sales aggregated Rs 938 crore. Domestic institutional investors (DIIs) were net sellers of Rs 75.27 crore (provisional) on … Read more FII net sellers of Rs 35 cr in cash market on 11th
Navratna defence PSU Bharat Electronics Ltd (BEL) and SELEX Galileo have signed an MoU which will explore potential opportunities in the field of Electronic Warfare in the Indian market for offset requirements and contract manufacturing for export markets. Current opportunities include offset requirements in MoD programmes like MMRCA, wherein SELEX Galileo is participating through global … Read more BEL MoU with SELEX Galileo for collaboration on EW programmes
Astra Microwave Products has inked a Memorandum of Understanding (MoU) with PSU electronics major Bharat Electronics (BEL) for RF and microwave products. As per the pact, the two companies will come together to form a joint venture (JV) wherein Astra will have a majority 51% stake while BEL will hold the balance stake. The proposed … Read more Astra Microwave inks MoU with BEL for RF and microwave products