ZTE Corporation, a leading worldwide provider of telecommunications equipment and network solutions, announced that it has pocketed an exclusive contract from Chinguitel, a telecom carrier under Expresso Telecom Group (ETG) to assist Mauritania build its first 2.5GHz Mobile WiMAX commercial network.

Under the deal, ZTE will be offering up core network equipment, wireless access devices, plus various communication terminals for indoor and outdoor use.

State Bank of India (SBI), India's largest commercial bank has signed a Joint Venture pact with Macquarie Group and International Finance Corporation (IFC).

Under the arrangement, both foreign partners will help the lender in the set up and management of an Infrastructure Private Equity Fund for investing in Indian Infrastructure projects and Companies. 

However, the fund will be operational on receipt of requisite regulatory approvals. The JV agreement is based on the earlier MOU signed on April 16, 2008. 

Industrial gas maker BOC India Limited has informed that it would invest around Rs 200 to Rs 250 crore on several ongoing projects in India by the end of the first quarter of the next financial year. 

The company has a cash reserve of around Rs 200 to Rs 250 crore, which is the part of the Rs 600 crore investments committed by parent company Linde Group to India early this year.

Apart from routine investments in ongoing projects, the company was scouting for buyout opportunities in the country.