Mumbai-based logistics company, Tuscan Ventures has announced its strategic investment in Singapore based Rasmussen & Simonsen International Pte Ltd. (RSI), for an undisclosed amount.

Top car maker Hyundai Motor India is all set to develop its proposed small car with an 800 cc engine for the Indian market.

Hyundai's 800cc car would be rolled out in the next three to four years, a company official said.

Hyundai’s plan is to launch this model directly against Maruti Suzuki’s popular Maruti 800 model, with an ambition to come out as India’s biggest car manufacturer.

Technology giant Infosys has made announcement about the inauguration of its BPO at Mahindra World City’s SEZ with an investment of Rs 171 crore during the initial phase.

Rajasthan Chief Minister Vasundhara Raje, who kicked off the plant, stated that it was not the matter of land or funds, but she had to altered the attitude of people especially bureaucratic set up.

“Though we are lagging behind in the race of SEZ set up, but it is an amazing efforts that the goal was accomplished in less than 2 years of its inception,” she said.

The UK’s largest telecom company, British telecom (BT), may be considering an exit from Tech Mahindra and further may sell out all or part of its 31% stake in the telecom software services company.

Though, it is not confirmed whether any transaction is about to happen, a relevant industrial official who knows a lot about the recent development informed that its not the right time to talk about BT’s exit. The official clarified, “BT has not approached Mahindra and Mahindra (M&M) and there is no indication of a formal process. All one can say is that they could be contemplating selling at some stage.”

With the aim of luring the potential customers in the market, the country’s leading internet service provider World Phone has launched its broadband internet service in regions of Delhi and National Capital Region (NCR) at a nominal monthly rental of Rs 95.

The company claims that it has entered in to an agreement with most of the cable service providers in the region.
 
Aditya Ahluwalia, Chairman, World Phone Services Pvt. Ltd said, “Lower monthly commitment would be a strong and bold step by World Phone for enhancing broadband penetration in masses.” He said that the company aims to add at least 5000 subscribers in the first three months.

Internet service provider, World Phone Internet Services Pvt. Ltd has announced that it has rolled out cable broadband internet services in the region of Delhi and the National Capital Region (NCR) at a low monthly tariff of Rs 95.

Moreover, the company also said that it has signed up an agreement with the majority of cable service providers across Delhi and NCR for offering this service