The Department of Telecom (DoT) asked state-owned telecom giants BSNL and MTNL to discontinue their third generation (3G) services till the time the security agencies set up apt monitoring system in order to track traffic on their network.

The decision comes in spite of BSNL and MTNL clarifying to the administration that interception of 3G traffic is possible, during a meeting with the DoT on March 4.

The Intelligence Bureau informed the DoT that BSNL has not provided for monitoring video calls.

Sterlite Industries (India), a division of London based Vedanta Resources promoted by Anil Agarwal, has signed a contract with ASARCO, a Tuscon based mining, smelting and refining company, to get hold of substantially all the operating assets of the company.

The deal is priced at $1.1 billion, which will consist of $1.1 billion in cash and a senior secured non-interest bearing promissory news for $600 payable over a period of nine years.

But, the deal is still awaiting approval from of the US Bankruptcy Court for the Southern District of Texas, Corpus Christi Division.

Mumbai, Mar. 6: The Defense Ministry has given a-281-crore rupees contract to Bharti Shipyard for supplying 15 interceptor boats to the Indian Coast Guard, the shipping firm has said.

In a filing to the Bombay Stock Exchange, Bharti Shipyard said that these lightweight vessels are specialized high-speed crafts used for patrolling and interception.

Furthermore, the company said the order book of Bharti Shipyard has crossed the Rs 5,000 crore mark with this contract, and now stands at Rs 5,093 crore.

Kalpataru Power Tran

Dunlop India is likely to resume operations at its tyre manufacturing plant at Sahagunj from March 6 after halting the production activities for more than three months.

About 229 workers out of the total 1,189 workers from the maintenance and engineering division have been called back to restart the operations at the major plant mainly for maintenance and refurbishment of the company. However, the company is unlikely to reopen the Ambattur unit in Tamil Nadu.

Parsvnath Developers Limited (PDL), a New Delhi-based real estate developer, has notified that it has finally launched Parsvnath Royale Floors, an affordable residential project as part of its integrated township plans in Lucknow.

Under the latest project, the company offers 2, 3 and 4 bedroom units in a price range of Rs 13.95 lakh to Rs 27.50 lakh.