India Business

Tata Steel Expects To Save $831 Mln From Corus Operations

Tata Steel Expect To Save $831 Mln From Corus OperationsA top representative said that steel major Tata Steel is confident of saving 600 million pounds ($831 million) between October 2008 and March 2009 from the operations of its UK-subsidiary, Corus.

Tata Steel bought the Anglo-Dutch company Corus in October 2006.

The company had launched a cost-cutting programme in 2008 in order to save this amount to bridge over the economic disaster.

Passenger car segment grew 22% in Feb

Passenger car segment grew 22% in FebCountry's passenger car sales grew 22%, the highest growth rate in current financial year, in February while commercial vehicle segment continued to decline, registering a drop of 32 per cent, despite various measures announced by government in its economic booster package including decline in excise duty.

Call rates to go cheaper from April 1

Call rates to go cheaper from April 1The Telecom Regulatory Authority of India has announced 33 per cent reduction in charges; the money two operators pay each other while transferring calls from one network to other.

The move, applicable from April 1 onwards, may result in nearly 20 per cent drop in STD and local calls from mobiles. The decision would also applicable to 3G services due to launch in coming months.

Subex inks ‘Reseller Pact’ with Russian firm

Subex inks ‘Reseller Pact’ with Russian firmSubex Limited, a global provider of operations support system (OSS) solutions, has signed a reseller agreement with JSC "Company TransTeleKom'' (TTK), one of Russia's top three fixed network providers.

Under the deal, TTK and Subex would jointly provide managed services covering fraud management and revenue assurance to growing operators in Russia.

It may be noted that Nikira Fraud Management System and Moneta Revenue Assurance System, are key components of the Subex ROC - Revenue Operations Center.

Tata Motors Ties Up With Union Bank Of India

Tata Motors Ties Up With Union Bank Of IndiaTata Motors, India’s biggest automobile company, has signed up a contract with Union Bank of India with the aim to finance its range of passenger vehicles.

The company’s aim is to offer an additional facility of car finance to its clientele.

The banking institution provides car loans up to 85% of invoice, for term ranging up to 5 years, at a very competitive rate of 11% to 11.25%.

The facility will be available at UBI divisions and 329 sales touch points of Tata Motors.

Airtel Wirthdraws ‘95’ Dialing From Fixed Line Phones

Airtel Wirthdraws ‘95’ Dialing From Fixed Line PhonesTelecom operator Bharti Airtel has withdrawn ‘95’, which it launched for intra-state landline communication through its fixed line service.
 
The decision was taken following the order from Department of Telecom (DoT), Ministry of Communications and IT, Government of India.

The company said that the withdrawal would be effective from midnight of March 9, 2009.

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