Department of Telecom has received over 250 applications for Unified Access Services Licences (UASL) by telecom operators in various sectors. The number is expected to go up to 350 as the deadline for applying of telecom licenses expires this Monday. The companies seeking licenses include HFCL, Shyam Telelink, Unitech, Hindujas, Omaxe group, DLF Developers and Sify to name a few.

Reliance Retail has terminated services of 400 employees in West Bengal. The company has not been able to start retail operations in the state due to opposition from the political parties and local trader unions. Reliance Fresh recently terminated services of nearly 1000 employees in Uttar Pradesh as well. The company has seen lot of protests in many states across India.

New Delhi: Titan Industries Ltd, watch and jewelry maker anticipates 50 percent growth in its net profit, for the recent fiscal (2007-08).

Bhaskar Bhat, the company’s managing director said that revenue is expected at 31.5 billion rupees as against 21.4 billion rupees in the last fiscal, while the company's EBITDA margin is expected at 11 percent.

Mumbai: Tata Motors has stated that it is really a challenging situation for the Indian automobile business as it is overwhelmed with soaring interest rates and consistently high input cost, with a rising rupee value adding to the woes.