DLF Assets (DAL), promoted by K P Singh will raise USD 450 million from private equity investors by December for part payment to another promoter group firm DLF Ltd. DLF Assets Ltd has been established to acquire commercial projects of DLF, the country's largest realty firm.

Bharti Teletech, one of India's top makers and distributors of telecom & allied products, announced that it has pocketed a major order from Bharat Sanchar Nigam Ltd (BSNL), India's major telecom operator, to make fixed line phones.

Under the deal valued at over Rs 350 million, BSNL will make and supply more than 9 lakh CLIP phones for BSNL within the next 5 months.

The pact further strengthens Bharti Teletech’s association with BSNL.

Bangalore-based BPO Easiprocess is ready to set up its new office in Pune, which can house 500 employees in one shift.

The expansion of the new office is in view of potential third party clients that Easiprocess is confident of securing shortly.

Presently, Easiprocess has two offices in Bangalore - one that is functional and accommodates 100 workers and another that serves as a Disaster Recovery site.

Sparsh BPO Services, an arm of Intelenet Global Services, has announced that it has kicked off its new delivery centre in Puducherry.

The inauguration of new delivery centre is a part of Sparsh plans to offer customer support services for mobile service operator Aircel in Tamil Nadu and Puducherry.

According to the sources, the delivery centre would serve Aircel's prepaid and postpaid customers in Tamil Nadu circle.

The conglomerate also claimed that with an initial headcount of 1600, the centre is a major BPO employer in puducherry.

In a bid to offer greater freedom to corporates in pricing their equity shares, the finance ministry has decided to ease the norms for issuance of foreign currency convertible bonds (FCCBs) and equity through ADRs (American Depository Receipts) and GDRs (Global Depository Receipts).

The move would facilitate companies in pricing securities at competitive rates in the current times of pessimistic markets.

As per the new norms, the pricing of ADR/GDR issues would be based on the stock prices prevailing in the domestic market in the past two weeks.

The government of the country has sanctioned a pact with the United Arab Emirates to allow any number of airlines to fly to each other's destinations and foray into commercial agreements and code-share.

Under the proposed pact, both countries would be entitled to designate any number of airlines for functioning mutually agreed services and enter into cooperative marketing arrangements like code- share or other commercial arrangements.

According to the sources, the designated airlines would be free to decide tariffs at reasonable levels.