Tata Telecom Ltd said a Rs 200-million commercial paper, issued on November 22, has been repaid and fresh commercial paper for Rs 200 million has been issued, which was subscribed by Development Credit Bank Ltd.
The United States-based communication services provider Avaya International will pick up to 25 per cent stake in Tata Telecom following clearance from the Foreign Investment Promotion Board.
Tata Telecom Ltd has posted a net profit of Rs 53.09 million for the quarter ended December 31, 2002 as compared to a net profit of Rs 34.62 million in the corresponding period last fiscal.
An eclectic mix of Radias, Ambanis and Akulas hogged the headlines this year, with many an unfolding plot promising eventful corporate tales in 2011.
The DoT estimates that it will receive Rs 29,524 cr in revenue from the telecom industry in FY18, which is 38% less than the Budget revenue target of Rs 47,300 cr for FY18
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances