Telcos prepare rollout in 900-MHz band

Telecommunication service providers are preparing to roll out third-generation technology (3G) services in the lower frequency 900 MHz band they’d bought in intense bidding in March this year. Airtel, which provides a 3G network on 900 MHz branded as Platinum 3G in Mumbai and Kolkata, has plans to launch the service in other areas where it holds licences for the ... Read More »

Minority shareholder sues Cairn India

The Vedanta-Cairn India merger is likely to come under court scrutiny after a civil suit was filed against the latter for extending a $1.25 billion (Rs 8,200 crore) loan, which allegedly violated Section 67(2) of the Companies Act, 2013. The $1.25 billion inter-company loan is repayable to Cairn India in July 2016. But if the proposed merger of Cairn India ... Read More »

UrbanClap to get funding from Ratan Tata

Leading services marketplace UrbanClap, where Ratan Tata made his latest investment, wants to be counted among the top five internet businesses in India within a year. Co-founder and chief executive Abhiraj Bhal told Business Standard, “We are looking to become the Amazon for services’’. The company has overseas ambitions too at some point. The chairman emeritus of the Tata Group ... Read More »

CBI interrogates Vijay Mallya on Kingfisher

The Central Bureau of Investigation (CBI), probing the Rs 950-crore loan of IDBI to Kingfisher Airlines in 2010 that had breached banking norms, questioned group chairman Vijay Mallya (pictured) at its office here on Thursday. The CBI is probing financial impropriety charges against Mallya, who got the loan despite an internal IDBI report questioning the net worth of Kingfisher, since ... Read More »

Honda to recall over 90,000 vehicles, including City

V Less than three months after announcing the country’s second largest recall, Japanese car maker on Thursday said it will recall a total of over 90,000 vehicles, mostly City, to replace the fuel return pipe. A total of 64,428 units of diesel Honda City manufactured between December 2013 and July 2015 will be recalled along with 25,782 units of Mobilio ... Read More »

Infosys says back on track for ‘industry leading growth’

After showing consistency in performance in the last couple of quarters, Infosys, India’s second largest information technology services company, has said it was back on growth track. The Bengaluru-based firm also said while the present growth was primarily driven by improving the operational efficiency, the growth would be more pronounced once the results of the new initiatives it had taken ... Read More »