The Hindu Business Line : Sunday, December 02, 2007

TELECOMMUNICATIONS
Essar closes term loan facility
Mumbai, Dec. 1 The Essar group has closed a term loan facility for $3.59 billion (over Rs 14,000 crore), monetising its put option in Vodafone-Essar, and raising resources for the group’s plans in sectors ranging from energy to shipping. ... More

INFRASTRUCTURE
TNPL seeks bids to lease out land
Chennai, Dec. 1 Tamil Nadu Newsprint and Papers Ltd has called for property developers and IT/ITES companies to bid for its 3.5-acre property in suburban Ambattur, to set up an IT park.TNPL, a State Government enterprise, manufacturing ... More

SOFTWARE
Bartronics India: Buy
Investors with a one to two year perspective can buy the shares of Bartronics India, considering its strong business prospects and reasonable valuations. At the current share price of Rs 214, the stock trades at about 16 times its current ... More

FOREIGN DIRECT INVESTMENT
FIPB defers decision on ByCell proposal
Home Ministry yet to get security clearance report More

TRADE & LABOUR UNIONS
BSNL staff union opposes proposal to divest 20% stake
Representatives to call on PM, IT Minister by next week More

INTERVIEW
Four important factors in spectrum allocation
Spectrum issue is hot. Different battles are simultaneously on, be they between the public and the private sector telecom companies, or CDMA (code division multiple access) and GSM (global system for mobile communications) , pitching for ... More

ECONOMIC OFFENCES
Deal gone wrong
Hexaware plans to provision up to $25 million (approx. Rs 100 crore) to cover exposure as a result of actively concealed and potentially fraudulent forex option transactions by an official. It has also appointed a special committee to conduct ... More

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Looking back
Nov. 25-Dec. 1
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