After Tata's people's car, Zenith’s people's laptop, the Indian telecom giant, Spice has come up with the people's phone. Spice has planned to announce its $20 (roughly £10) phone tomorrow at Barcelona’s Mobile world congress, the world's biggest telecoms conference.

Speaking of the phone, the chairman of Spice, BK Modi said, "The People's Phone is a world first. It will be available to the consumer for under $20, making it accessible to a vast number of people who currently cannot afford the expense of a mobile handset."

BPO service provider Firstsource Solutions Ltd. has entered into an $80 million, five-year outsourcing agreement with Barclays PLC. for credit card business.

India’s Pharmaceutical major, Ranbaxy Laboratories Ltd has received tentative approval from

Global financial institutions American International Group