BSNL to buy equipment from Huawei
State-run telecom service provider Bharat Sanchar Nigam Ltd has placed an advance purchase order with Huawei of China on mobile equipment for 20 million GSM lines in the south zone. The PSU is also in advanced negotiations with Ericsson for the north and east zone. Ayurveda's healing touch draws big business
If the spiritual guru's Patantjali Yog Peeth Trust has set up one of the world's largest centres for Ayurveda in Hardwar with facilities for treatment, research and a university, the Tatas aren't far behind. India's largest conglomerate has tied up with an NGO, the Foundation for Revitalization of Local Health Traditions, to set up the Indian Institute of Ayurveda Integrated Medicine at Yelahanka near Bengaluru. Dr Reddy's develops generic version of Pfizer's Lipitor
Dr Reddy's Laboratories has succeeded in developing a copycat or generic version of Pfizer's Lipitor, the world's largest selling drug which has sales of over $10 billion. Stop 'treaty shopping' denials for FDI: FIPB tells revenue dept
The Foreign Investment Promotion Board has pulled up the department of revenue for rejecting all foreign direct investment proposals in which funds are routed through Mauritius and said it has taken a conscious policy decision to overrule such objections. What India needs: 500 new cities!
"India needs to build a minimum of 500 new cities urgently. However, it has to be done from scratch to accommodate people who are on the move and to provide them better quality life," he said. 'India to be global manufacturing hub by 2015'
"Our objectives are to create a significant growth generating employment and make India a global manufacturing hub by 2015. We aim to build a competitive Indian manufacturing industry and promote recognition of the Made in India Brand." BSNL may 'talk directly' to Zain to buy stake
State-run BSNL Friday said it may directly talk to Zain Telecom to acquire a controlling stake after the exclusive talks period between the consortium Vavasi and the Kuwaiti firm ends. Decision on funds for Air India next week
The Group of Ministers, headed by Finance Minister Pranab SBI cuts deposit rates by 25-50 basis points
With this, deposits with a maturity of 181 days to less than one year will now carry an interest rate of 5.25 per cent against 5.75 per cent earlier. Indian SMEs show interest in US market
The midsize companies currently not present in the US, are keen in having slice of the pie. Takeover concerns: Pharma industry seeks govt help
Concerned over the recent takeover of some firms by MNCs, the domestic pharmaceutical industry has asked the government to protect and promote it by making available funds for research and development. GM's India plans clearer
GM, which is a party in a tripartite joint venture in China -- SAIC-GM-Wuling Automobile Co -- is looking beyond the commercial vehicles that can be brought to India through their partnership. A 'green' entrepreneur's success story
It has been 25 years of entrepreneurship for Pramod Chaudhari. New SMS tech to offer smart apps to basic cellphones
The network protocol being built by Umesh Chandra of the Nokia Research Center in Palo Alto, California, will also get mobile phones connected to the web via SMS. US lawsuits against PW: 'India can't do anything'
"American jurisdiction will decide independently of what we do here. We cannot be on any help to them (PW) in the US. We cannot go and say (to PW) don't worry we will pay for you," Corporate Affairs Minister Salman Khurshid said. NHAI may get $400-mn loan from ADB next month
The government needs about Rs 3.31 lakh crore (Rs 3.31 trillion) to meet its target of developing 35,000 kms of national highways over the next five years. Sensex: Hat-trick of gains
The NSE Nifty ended up 31 points at 4,796. The BSE market breadth was fairly positive. out of 2,787 stocks traded, 1,941 advanced while 783 declined. Backbone of Japan's IT industry? Indian engineers!
Indian systems engineers have emerged as the backbone of Japan's IT industry and more are flocking to the country which is witnessing a steep decline in its work force. Strike at Rico, supplier to GM, Ford, ends
About 1,800 workers at Rico Auto Industries, in Gurgaon near Delhi, ended their almost 50-day strike following an agreement with the management on reinstatement of some employees. Opel workers fear 10,000 job losses, oppose GM move
Workers fear that GM might close down one or two production plants in Germany in the process of restructuring Opel. It may also lay off thousands of workers and force the remaining workers to make sacrifices to protect their jobs. India, EU to reach trade deal in a year
With an ambitious target to more than double their bilateral trade to $200 billion in the next four years, India and EU hoped on Friday they can resolve differences and reach a free trade agreement within a year. Govt defends new inflation indexes
With wholesale price inflation not reflecting true picture of food prices, the government on Friday justified the introduction of separate index numbers for primary products and manufacturing items, saying the new mechanism give better reflection of price movements. Citi to relaunch hedge fund operations
Attributing to people close to the matter, the newspaper said the company wanted to change the name of the unit from Citi Alternative Investments to Citi Capital Advisors. 4 Indians charged in Wall St hedge fund scam
The FBI has charged 14 people, out of which five have already pleaded guilty, in a case related to the $20 million hedge fund insider-trading scam, the largest ever such case in the US. 'We are trying to build 10 hospitals every year'
In an interview with Joe C Mathew, Apollo Hospitals executive chairman Prathap C Reddy says the challenge is not in the funding, but in finding the human resources.