For its two-year postgraduate programme (PGP) in management, Indian Institute of Management, Ahmedabad (IIM-A) has raised its fees by Rs. 1 lakh, which means a rise of Rs. 50,000 in each of the two years.

The new fee structure will affect the students securing admission in the academic year 2010. They will have to pay Rs. 12.5 lakh for the PGPM - which means a break-up of Rs. 6 lakh instead of the earlier Rs. 5.5 lakh for the first year; and Rs. 6.5 lakh in place of Rs. 6 lakh for the subsequent year.

Larsen & Toubro, India’s largest maker of equipment for the nuclear power sector, has announced that it has received an order from the Nuclear Power Corporation of India Ltd (NPCIL).

The scope of the order, which is valued at Rs 345 crore, includes design, manufacture and supply of four steam generators for 700 megawatt electric (MWe) pressurised heavy water reactors.

In an announcement, the company said that the steam generators would be supplied to the Kakrapar Atomic Power project 3 and 4.

Here’s good news for the BSNL users. Country’s public sector telecom company, Bharat Sanchar Nigam Ltd. (BSNL) on Friday has joined hands with Hungama Digital Media Entertainment Pvt. Ltd. to launch bsnl.hungama.com, an entertainment broadband value added service.

Both the companies claimed that it is country’s first on-Demand Digital Entertainment Music Store and Gaming services available to broadband subscribers of BSNL.
 
The service will offer audio music, video music and gaming facilities to BSNL broadband customers at monthly charges.

Mr. RC Bhargava, Maruti Suzuki chairman, on Thursday, said that Tata Motors newly announced mini car ‘Nano’ will have a marginal impact on Maruti-800 sales.

However, Mr. Bhargava said that Maruti would not slash prices to go up against the latest offering from the Tata stable.

Two-wheeler manufacturers including Hero Honda, Bajaj Auto and TVS Motors, too, understated the expected impact of Nano, and said that the two-wheeler market would remain untouched by the Nano attack.

Country’s largest telecom firm, Bharti Airtel had made it clear that it is not looking at raising fresh funds through foreign investors.

Speaking on the sidelines of an industry event, Sunil Bharti Mittal, Chairman, Bharti Airtel said, “We don't have any plans to raise money, although the headroom is there.”

It can be recalled that government recently had released new guidelines that said foreign investment made via an entity owned or controlled by a resident Indian would be considered as local investment.

The Government today sanctioned 26 foreign direct investment proposals valued at Rs 1,042.91 crore, including Neo Sports Broadcasting’s plan to invest Rs 258.53 crore.

Neo Sports will issue fresh equity or equity-linked instruments to introduce foreign funds on Foreign Investment Promotion Board (FIPB) recommendations.

Mr. Harish Thawani, chairman, Neo Sports Broadcast, said, “We will use the funds to create a programming and telecast rights corpus. We will also launch two niche channels in the last quarter of 2009, which will be in the non-sports genre.”