Reliance-Anil Dhirubhai Ambani Group (R-ADAG) owned Reliance Communications (R-Com) has launched Global System for Mobile (GSM) in New Delhi on Sunday, after starting services in several parts of the country.
R-Com regional head - Delhi, Haryana and Rajasthan circles, C. S. Rana said, "We got the licence for GSM services last year and within 11 months the company has launched the services in almost the entire country." He said that its low-tariff and affordable services besides good coverage, that are attracting people toward Reliance.
B K Modi-controlled Spice Group expedites process to buy 51 per cent stake, most probably through fresh equity, in the beleaguered Satyam Computer Services. Spice Group is sending a team, comprising top executives of company, to discuss auction process with the Security and Exchange Board of India (SEBI).
Internet services major Yahoo Inc. has decided to close its Briefcase online storage service, having Web 1.0 capacity of 30MB, from March 30. The move is aimed to reduce costs by closing some operations in the midst of global financial crisis and tight liquidity conditions prevailing in the world. 
Leading banks are likely to cut interest rates by 50-100 basis points in days to come, a move that can help to generate demand and propel economic growth in the country.
Government may take final decision today to allow unrestricted Internet telephony in the country amid stiff oppositions from various telecom services providers. Telecom Commission, the decision-making body for telecommunications, is meeting on Monday to discuss the matter.
In a bid to discourage 'fraudulent siphoning' or diversion of funds in corporate sector, the government and capital market regulator has decided to scrutinize money raised through initial public offers (IPOs) during the period between 2004 and 2007.
