Four Stage 3G spectrum auction on January 14
The Department of Telecom has said on Saturday that the auction for 3G spectrum will start on January 14, 2010.Firms have to submit bids by December 21.The Department of Telecom has said the auction of 3G spectrum shall be carried out in four stages which are Invitation Stage,Pre-qualification....more

IT Majors Bags Mega BP Outsourcing Deal
Infosys Technologies,Tata Consultancy Services and Wipro ,India's top three vendors along with global giants IBM and Accenture have bagged a five-year $1.5-billion outsourcing deal from British Petroleum.IBM said it has bagged the largest chunk of the deal.TCS will provide applications development and application management(ADAM) engagements in refining, manufacturing.Infosys will manage....more

Cairn's Rajasthan oil field on Verge of production
Cairn India is set to begin production from its Barmer field in Rajasthan at $5 a barrel."We continue to target $3.50 per barrel as lifting cost and $1.50 per barrel for transportation cost. So all in, the delivery cost we are targeting is $5 per barrel, which makes this project very competitive from the cost....more

DLF emerged as sole bidder,Unitech, Bharti bids disqualified
Real estate major DLF has emerged as the sole bidder 350-acre plot,located at Wazirabad village on the Gurgaon- Faridabad road and includes part of Sectors 42, 53 and 54 of Gurgaon.This 350-acre plot will be used for development of a recreation and leisure project,besides commercial and residential....more

Government to divest stake in six to seven PSUs in next 10-12 months
Government is planning to divest stake in at least six to seven public sector undertakings(PSUs) in the next 10-12 months,finance secretary Ashok Chawla said on Tuesday on the sidelines of an event organised by Corporation Bank.NHPC,the first IPO by a government owned company in 18 months....more

Coal India takes steps before stake sale
Ahead of public sale of shares Coal India(CIL) plans to hike prices by 11%.The price increase will net CIL an additional revenue of Rs4,629 crore and boost profits ahead of a public offer in the stock market. With the state-run CIL mining 84% of the coal produced in the country, an 11% increase will....more

Infosys most admired tops the WSJ Survey
In the list of accolades for the It bellwether Infosys another feather was added. Infosys Technologies has been adjudged as most admired Indian company, ahead of Tata Consultancy Services and Bharti Airtel, says a survey conducted by The Wall Street Journal Asia. Telecom giant Bharti Airtel is at the third....more

NHPC subscribes more than 23 times
NHPC,the first IPO by a government owned company in 18 months was subscribed more than 23 times which closed on Wednesday.According to the data available on the NSE website,Qualified Institutional Buyers(QIB) portion was subscribed 29.16 times, HNIs 56.70 times and the Retail....more