Editor's Desk

Subex extends its alliance with Telecom Italia

by

Subex, a leading global provider of Operations and Business Support Systems (OSS / BSS), has extended its alliance with Telecom Italia (TI) to enable next generation IP and DSL services including Virtual Private Networks (VPN), Virtual Local Area Networks (VLAN) and Multi-Protocol Label Switching (MPLS). As per the terms of the partnership, TI will continue … Read more Subex extends its alliance with Telecom Italia

Home Buyers – Builders saved from services tax until Sale

by

The Central Board of Excise and Customs (CBEC) has said in a circular that property developers need not pay any services tax until the actual sale of the property is realised. This means that despite entering into contract with buyer, developer will not pay any tax on the construction of property which could be considered … Read more Home Buyers – Builders saved from services tax until Sale

RBI hikes inter-bank exposure limits of UCBs

by

The Reserve Bank of India (RBI) has hiked the prudential inter-bank exposure limit for the urban cooperative banks (UCBs) to 20%, from the current cap of 10%, of their total deposit liabilities. Earlier, prudential inter-bank exposure limit, which is the total amount of deposits placed by an UCB with other banks including includes instruments such … Read more RBI hikes inter-bank exposure limits of UCBs

Idea Cellular clarification on Spice Stock Rise + B K Modi’s Satyam Bid

by

Idea Cellular has informed FreePress, about relationship between B K Modi’s Spice group and Spice Communications Ltd. Idea Cellular would like to clarify that Idea had acquired B K Modi Group’s stake in Spice Communications Limited in Jul’ 08. Hence, Spice Communications Ltd has no relation with B K Modi led Spice group and is … Read more Idea Cellular clarification on Spice Stock Rise + B K Modi’s Satyam Bid

Tata Tea adopts strategy restructuring in the US market

by

In a move to bring down costs substantially, Tata Tea is currently in the process of restructuring its operations in the US. The group offers various brands like Tetley, Goodearth and 8’o Clock Coffee in the US market. Tata Tea follows different marketing strategies in the various markets of the US, Britain, Canada and India. … Read more Tata Tea adopts strategy restructuring in the US market

Orient Ceramics scouting for overseas partners to form JV

by

Tiles manufacturing major – Orient Ceramics and Industries – is scouting for an overseas partner to form a joint venture for setting up a new tiles manufacturing plant in Andhra Pradesh with an estimated cost of Rs 250 crore. It is currently in talks with foreign players based in Italy and Spain for the joint venture … Read more Orient Ceramics scouting for overseas partners to form JV