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Stage set for world telecom meet in Hyderabad

HYDERABAD: A meeting here, beginning Monday, of global telecom experts  will adopt the Hyderabad Action Plan that will set the agenda for development of telecommunication and information and communication technologies (ICT) over the next four years.

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Tatas complete probe into ‘Nano’ fire; say car is safe

NEW DELHI: Tata Motors on Friday claimed that its people’s car was “absolutely safe”, saying a probe into fires that gutted a couple of brand new ‘Nanos’ by an expert team found ‘no manufacturing defects’.

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Auction for broadband wireless services to begin on Monday

NEW DELHI: The auction of airwaves for broadband wireless access (BWA) services, which was scheduled to start on Saturday, will now begin Monday, an official from the Department of Telecommunications (DoT) said on Friday.

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Abbott to buy Piramal’s branded drugs business

NEW YORK/MUMBAI: Illinois-based pharmaceuticals major Abbott on Friday said it is acquiring Piramal Healthcare’s formulations business for $3.72 billion, to make the combined entity one of the largest players in the country’s generic drugs market.

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Govt eyeing $5-$11 bn funds for large projects

NEW DELHI: The Union government is considering launch of debt funds of $5 to $11 billion each to help build highways and other large infrastructure projects in addition to a similar fund announced last week, a top government official said on Friday.

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MSMEs should not seek concessional credit: RBI

KOCHI: The Reserve Bank has instructed all banks to extend a helping hand to Micro, Small and Medium Enterprises, RBI Deputy Governor, Mr K C Chakrabarty on Friday said but asked the enterprises not to seek concessional credit.

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