Jolly Crow

The department of telecom (DoT) has alloted third generation (3G) spectrum to telecom operators today, reports CNBC-TV18 quoting NewsWire18. It is learnt that DoT has amended Service Providers’ Licence norms to allow 3G.

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Chennai has got sea water desalination plant. It is the largest plant in India, supplies drinking water at an extremely economical price.

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A subsidy of Rs 7,343 crore to consumers saw the country’s largest fuel retailer, state-owned IndianOil Corporation (IndianOil), post a net loss of Rs 3,388 crore during April-June 2010, its first loss after five quarters. It had reported Rs 3,683-crore profit in the corresponding quarter in 2009-10.

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State-run oil marketing firm, Indian Oil Corporation (IOC) Saturday reported a loss of Rs.3,388.39 crore for the quarter ended June 30 on account of selling fuel below cost.

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ITC Ltd has announced that August 04, 2010 has been fixed as the Record Date for the purpose of issue of Bonus Shares in the proportion of 1 (One) Bonus Share of Re. 1/- (Rupee One) each for every existing 1 (One) fully paid-up Ordinary Share of Re. 1/- (Rupee One) each.

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National Mineral Development Corporation is set to partner for two steel plant projects in Karanataka and Andhra Pradesh with Nippon Steel and Kobe Steel of Japan.
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The boards of Anil Ambani-controlled Reliance Power Ltd (RPL) and its affiliate firm Reliance Natural Resources Limited (RNRL) on Sunday approved a Rs 50,000 crore market value (about $11 billion) merger deal, marking the latest episode in a corporate saga after the Ambani brothers reached an agreement over a gas dispute.
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