At the Vibrant Global Investers Summit 2009, Ahmedabad, Gujarat NRE Coke Ltd, country’s largest independent coke producer, announced that it is all set to invest around Rs 300 crores in Gujarat over the next 4 to 5 years.

The metallurgical coke producer said that it will invest Rs 12 billion in a 200 megawatt (MW) wind power project and Rs 10 billion in a 200 MW thermal power plant.

Gujarat NRE would also invest Rs 5 billion on adding additional capacity at its coke and coal preparatory plants and Rs 3 billion on a 60 MW heat-based power plant.

The Union Ministry of Communications & Information Technology has provided 4.4 MHz of Spectrum in 1800 MHz GSM band to Unitech Ltd for the West Bengal telecom circle. The company has announced that it would soon start telecom services in the West Bengal Service Area.

The company has already been allotted spectrum in 21 service areas. The telecom arm of real estate major Unitech Ltd, Unitech Wireless is also planning to launch 3G services in near future. State run MTNL has already launched 3G services in national Capital Region.

Shreyas Shipping & Logistics Ltd has sold its vessel `M V OEL Aishwarya` for USD 972,637.20. The company is facing the heat of global financial crisis and posted record losses in the September quarter of this financial year.

The funds from recent sell out would help to overcome liquidity problem being faced by company following global financial crisis.

The company posted loss of Rs 19.46 million in the reporting quarter while recorded profit of Rs 60.31 million in the same quarter last year. Its net sales registered an increase of 30.55% to Rs 539.58 million.

It was announced by India's top mobile operator, Bharti Airtel on Monday that mobile services in Sri Lanka has been launched by it and the company would also invest $200 million on the operation in the island.

Via its subsidiary Bharti Airtel Lanka, the company has launched the services on a third generation network. A suite of innovative services and redefined affordability by offering attractive call rates has also been launched by Airtel.

Another round of price war has begun among mobile operators. After revolutionizing the Indian mobile service market, country's leading telecom services provider, Bharti Airtel, today launched its popular Lifetime Prepaid at a lower price point of Rs 99 only.

Bharti Airtel says it intends to further expand the market, and make mobile services more affordable to its prepaid customers.

In a significant move, the government on Sunday appointed Deepak Parekh, chairman of Housing Development Finance Corporation Ltd, NASSCOM's former president Kiran Karnik and former SEBI member C Achuthan as the three musketeers of its choice to guide the software exporter Satyam out from the disaster. The new team is considered as a true combination of experts from banking, IT and law backgrounds.