RCom, RJIL to sign spectrum sharing/trading deal next week.
Reliance Communications (RCom) and Reliance Jio Infocomm (RJIL) are likely to sign spectrum trading and sharing agreements next week. According to sources, as part of the agreement, RCom will receive about Rs. 4,500 crore from RJIL for sale of 800-850 MHz spectrum in 12 circles. The proceeds from the sale will be used to pay liberalisation fees to Department of Telecom (DoT).
BSNL starts 4G service with soft launch in Chandigarh.
BSNL started 4G services on non-commercial basis in Chandigarh promising broadband speed of up to 100 megabit per second (Mbps).
IOC to invest Rs. 21,000 crore to upgrade fuel quality.
State-owned Indian Oil Corp (IOC) will invest Rs. 21,000 crore in upgrading six refineries to produce Euro-VI grade petrol and diesel by April 2020, its Director (Refineries) Sanjiv Singh said.
Abraaj Group of Dubai to pick up majority stake in CARE Hospitals.
Private equity investor The Abraaj Group said it will acquire a majority stake in Quality CARE India Ltd, the entity behind Care Hospitals, from PE firm Advent International.
Infosys co-founders to promote healthcare innovations.
Axilor Ventures, a business incubator run by Infosys co-founders, has partnered Narayana Health and government’s Centre for Cellular and Molecular Platforms to promote innovations in healthcare, Axilor Co-Founder D. Shibulal said.
Digital dividends not spreading rapidly, says World Bank.
With 60 per cent of the world’s population still offline, institutional and regulatory barriers to efficiency are exacerbating the problem of low and unevenly distributed “digital dividends” from growing Internet penetration across countries, a new World Bank study has found.
Satellite technology to help NHAI monitor highway projects.
Indian Space Research Organisation (ISRO) and North East Centre for Technology Application and Research (NECTAR) will provide help in monitoring and managing the National Highways.
Canada-India free trade agreement talks delayed.
The negotiations on the Canada-India free trade agreement (FTA), which began in in November 2010, have been put on the back burner due to several sticking points.
Govt gives more time to complete projects.
The Centre has granted more time to developers of 13 special economic zones (SEZ), including Navi Mumbai SEZ, to implement their projects. An inter-ministerial board of approval for SEZs had taken this decision on December 30. The validity period of the formal approval given to Navi Mumbai SEZ Pvt Ltd has been extended by a year from October 24, 2015 to complete IT/ITeS SEZs at Ulwe, Navi Mumbai, Maharashtra. The board also approved two proposals — from ValueLabs Infra LLP and GAR Corporation — for establishing IT/ITeS SEZs in Telangana.
H1B visa fee hike will have less than 0.3% impact on margins: Infosys.
T major Infosys said the recent H1B visa fee hike by the U.S. is likely to have less than 0.3 per cent impact on its margins. The Bengaluru-based company is also working on utilising other levers, like increasing onsite recruitment, to mitigate the situation.
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