Hong Kong/Mumbai, Sept. 8 : Firstsource, one of India’s leading business-process outsourcing companies, has put one of its stakes up for sale.

Telecom infrastructure provider GTL Infrastructure has raised Rs 7265 crore through a mix of debt and equity to fund the expansion of its telecom towers business.

Trinamool Congress chief Mamata Banerjee is softening her stand day by day. It has raised the hopes of resumption of work at the controversial site of small car project at Singur. Mamta asked her party protestors to stop the agitation and let the traffic go on the Durgapur Express highway. Her appeal came after the meeting between the government and protest leaders on Friday. The meeting was chaired by the state governor, Gopalkrishna Gandhi but he failed to develop a compromise formula. However, he said that the matter will be solved soon after the constructive dialogues between state and the protestors.

Leading automobile manufacturer, Toyota launched its 10th generation Corolla Altis. The Japanese company is doing its best to expand its business in the Indian market. The company has set a target of selling 4-lakh vehicles by 2015. It has set a target to sell 63000 units in the current fiacal.

Tata is still undecided about the fate of its small car project at Singur in West Bangal. The chairman of Tata group, Mr. Ratan Tata denied commenting on the issue. However, he said that TATA would launch Nano as early as possible.

Tata said, in the side lines of the 48th SIAM Annual Convention 2008 in Delhi, that the engineers and technical staff are doing its best to launch the ambitious car as per the plans of company.

An interest in acquiring more oil fields in Colombia has been shown by the state-run Oil and Gas Corporation and Oil India Ltd, when GAIL, expressed the idea to set a petrochemical plant in South America, a nation which is rich in oil.

The Colombian Minister of Energy and Mines, Hernan Martinez, who had come for a visit and signed an agreement with Petroleum Minister Murli Doera, agreeing to give cooperation in energy sector, and it was during this meeting that the two companies communicated their interest to acquire oil-fields in Colombia.