India Business

AT&T plans to enter Indian Telecom Sector for Second time

AT&T looking for Unified License

Tata Tea To Satisfy Rural Thrust With ‘Jaago Re’

TATATEATata Tea has brought out a new campaign, “Jaago Re”, which is aimed at stepping up its consumer base in small towns villages. The campaign will be run across television, cinema houses, print, outdoor and radio.

The company is also thinking over a plan to set up an Internet site (website), Jaagoindia.org, and aspire to alter it into an idea-exchange program for young people.

Inflation Eases To 3.23 pc

New Delhi: For the week ended September 15, inflation rate eased further to 3.23 per cent, as compared to 3.32 per cent in the previous week, primarily because of falling pices of fruits and vegetables, milk, pulses and a few manufactured items.

In the corresponding week of the previous year (2006), the wholesale price-based index stood at 5.27 per cent.

Ansal Properties Signs Up JV Deal With Malaysian Firm UEM

New Delhi: Ansal Properties & Infrastructure Ltd and Malaysia’s UEM Builders Bhd have signed up a joint venture agreement for carrying out construction activities in India.

United Breweries To Lift Around Rs 425 Cr Via Rights Issue

UBBangalore: United Breweries (UB) is considering to lift around Rs 425 crore through a rights issue for providing financial support to its capacity development and upgradation plans. The final decision in this regard was taken at the company’s board meeting on September 27, 2007.

The two major stockholders chairman Vijay Mallya and UK brewer Scottish & Newcastle will take part in the rights issue compliant with their shareholding patterns.

Market Ends Week On A Strong Note, Metal Stock Shines

bombay-stock-exchangeAfter opening at 17,152.31 in the early trades, the BSE benchmark index, Sensex continued to trade strong in the afternoon trades. Afterward the index shed the majority of its points in the after hours. Lastly, it regained strength amidst instability and touched a peak of 17,361.47, to close the day on a firm note. Selected stocks from banking, auto, pharma, metal, realty gained ground, whereas IT stock dangled.

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