Company News

Bharti Airtel launches ‘IndiaOne Offer’, call US @ 1 cent/min

Bharti Airtel launches ‘IndiaOne Offer’, call US @ 1 cent/minIn order to take the lead in offering the best value for US to India calling, Bharti Airtel, Asia's leading integrated telecom services provider, on Thursday launched the never before calling rate of 1 cent a minute on its online calling card service airtelcallhome. com, with the name of IndiaOne offer.

Aircel launches GSM services in Mumbai

Aircel launches GSM services in MumbaiAircel, the telecom player in India, with majority stakeholder Malaysian telecom major Maxis Communications, has announced the launch of its GSM mobile services in Mumbai.

With a subscriber base of over 1.8 lakh, Aircel, the fifth largest service provider, rolled out its 17th circle in Mumbai.The company has launched GSM services around 6 circles within past two months.

According to a report, the company has invested over Rs 550 crore for launch of services in the Mumbai circle.

Debt-ridden Unitech intends raising Rs.1,250 crore by way of QIP

UnitechAccording to domestic institutional investors, the debt-ridden Indian real estate bigwig Unitech Ltd intends raising Rs. 1,250 crore by way of a qualified institutional placement (QIP) of shares, for the repayment of part of its debt of more than Rs. 8,000 crore.

An unnamed company official said that the funds, likely to be raised by the end of this month, would help the company cut its debt by Rs 1,000 crore by June this year.

First phase of Nano bookings begins

Tata NanoThe first phase of bookings for the Rs. 1-lakh 'dream car' Tata Nano began on Thursday, April 9, with crowds thronging the Tata Motors showrooms, and specially-opened booking counters in banks, including State Bank of India, which is Tata Motors' key partner in selling and receiving the booking forms.

The forms, costing Rs. 300, are also available at Tata Indicom centres, Titan showrooms, Westside and Croma stores. The booking for the wonder car - which can also be done online - will close on April 25.

Fortis Healthcare To Set Up Separate Cancer Block At Noida

Mr. Shivinder Mohan Singh, Fortis Healthcare Managing DirectorFortis Healthcare has made announcement about the establishment of a separate block for the treating of cancer patients at its Noida Hospital.

The hospital said that it will make an investment of Rs 30 crore to set up this block.

Mr. Shivinder Mohan Singh, Fortis Healthcare Managing Director, said, “Fortis Noida is constructing a separate block for Oncology covering an area of 30,000 sq ft. This block is expected to be operational in third quarter of fiscal 2010.”

Heidelberg Cement reported to seek 3 billion euros

Heidelberg Cement reported to seek 3 billion euros Heidelberg, Germany  - Heidelberg Cement, the indebted German building materials group, is seeking an infusion of 3 billion euros (4 billion dollars), the newspaper Financial Times Deutschland reported Thursday.

Quoting a "person familiar with the situation," it said the procedure to raise the money had begun. Heidelberg Cement had spoken with various potential new investors, but it was proving difficult to raise funds without ceding control.

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