India's new telecoms policy is likely to be approved by June, the telecoms ministry said in a statement on Friday, delaying the keenly awaited policy by about six months as the government allows for more time for consultation.
The telecoms ministry will tell carriers that they will not be allowed to offer third-generation (3G) services through roaming agreements with one another in zones where they do not have their own 3G airwaves.
The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
With India's economic growth buckling and the rupee at an all-time low, other companies, too, are expected to struggle to meet debt obligations in the coming months.
A unique deal to protect part of the annual bonus pool at UBS Australia expires within weeks, say sources with direct knowledge of the matter, raising the prospect that the business may lose some top talent should it not be renewed.
Two of Canada's biggest labor unions are discussing a merger, Canadian Auto Workers (CAW) National President Ken Lewenza said in an interview on Friday.
Policy paralysis, corruption scandals and a government fearful of political backlash to any bold moves have worsening domestic finances, and Incredible India is no longer incredible.
Apple Inc's share of China's booming smartphone market has risen sharply in the past two years, but for now the company that sells the iconic iPhone is being outpaced by nimble rivals.
Into just his fourth month as head of Sony's videogames unit, Welshman Andrew House has to plot a much-needed success story for the new PlayStation Vita handheld games device, negotiating a minefield of consumer gloom and competition from smartphones and tablet PCs such as Apple Inc's iPhone and iPad.
Thomas Cook will close 200 underperforming shops and 500 hotels and is lining up further disposals, as it battles to cut debt and restore confidence among investors and customers after a bailout by its banks.
European shares fell on Wednesday at mid-day after the Federal Reserve warned that the Eurozone debt crisis was a risk to the U.S. economy and did not signal any fresh stimulus measures to boost growth.
Freeport McMoRan Copper & Gold Inc. and its Indonesian union signed a pay deal on Wednesday to end a three-month strike that had paralysed output at the world's second-biggest copper mine, a union official and the company said.
European shares retreated on Monday as enthusiasm faded over a European Union deal on greater fiscal integration, with the market unconvinced that the EU has done enough to provide immediate relief to the Eurozone's indebted countries.
Hackers broke into the Congress party website and replaced Sonia Gandhi's profile page with sexual innuendo, apparently timing the attack with the party president's 65th birthday on Friday.
India's power, telecoms and aviation sectors, core to sustaining the country's growth, are in various states of crisis. This crisis may force the government to bring about reforms.
The Dutch competition authority raided the offices of mobile operators KPN, Vodafone, and Deutsche Telekom's T-mobile on Tuesday in a price-fixing investigation.
Less than a day after the Indian government urged social networking Web sites and Internet companies to screen alleged derogatory and defamatory content about the country's religious figures and leaders, Facebook has responded noting that it removes content that violates its rules.
India has asked operators of social media networks, including Facebook, Google and Yahoo to screen user content from the country and prevent any disparaging, inflammatory or defamatory content from getting published.
Research In Motion (RIM), on Tuesday, named Sunil Dutt as the organization's new Managing Director (MD) for India, one of its key growth markets, a month after the former top executive left the company.
In his one day visit to Manipur Prime Minister Manmohan Singh assured that UPA government at the Centre to make every possible effort for the rapid progress of Manipur and the other North Eastern States, reports Press Information Bureau.
Dravida Munnetra Kazhagam (DMK) MP Kanimozhi, who was granted bail by the Delhi High Court last Monday in the 2G scam case, arrived in Chennai Saturday.
AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday.
