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Bharti Airtel, the leading integrated telecom services provider in Asia has entered into a managed services deal with Comviva. The latter is a leading provider of integrated VAS solutions for mobile operators in emerging markets. Bharti Airtel becomes the first telecom services operator in the world to have a managed services agreement for its value … Read more Bharti Airtel inks managed services deal with Comviva
Public sector firms Steel Authority of India (SAIL) and Rashtriya Ispat Nigam (RINL) have announced that they have arrived at the current financial year’s long-term prices of coking coal. The coking coal prices have been fixed at $115-125 per tonne after discussing the same with global suppliers. These prices are almost 60% cheaper from the … Read more SAIL, RINL to get coking coal at 60% discount to last year’s prices
Pantaloon Retail India is planning to raise additional long term funds to the tune of Rs 1,000 crore by issuing securities to various investors by various means, including public or private offerings or qualified institutional placement (QIP). The board of directors of the company has approved the fund raising plan through issuance of equity based … Read more Pantaloon Retail to raise Rs 1,000 cr; mulls merger of subsidiary firm
In a move to serve its US clients on improved terms,leading technology service provider, Infosys Technologies is looking toopen software development and back office centre in Brazil in thecurrent year. The unit, which is likely to beoperational in next 3-4 months, will occupy around 100 skilledemployees in the beginning and will also source new business … Read more Infosys to open its centre in Brazil
Building a hope for earlier start of third generation (3G) services by the private telecom operators, the defence ministry has agreed to vacate 45 MHz of scarce radio spectrum. The telecom ministry and defence establishments had been on a long standing disagreement on the time frame of spectrum vacation by the later. In a memorandum … Read more Defence to vacate 45 MHz of spectrum for 2G + 4G
IT firm Spanco has has issued and allotted 74,15,000 equity shares of the face of value of Rs 10 each to its promoters and foreign venture capital investor (FVCI) and foreign institutional investors (FIIs) at a cash premium of Rs 30 per share on a preferential basis. In the promoters group, Kapil Puri and Kavita … Read more Spanco allots equity shares to promoters, FVCI and FIIs