Tuesday May 27, 2008

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Now, RCom in talks with MTN 

New Delhi, May 26:
If the negotiations are successful, the combination of MTN and Reliance Communications would create a global wireless juggernaut, larger even than developed-market giants such as AT&T.
 
RIM not to hand over BlackBerry 'master key' to govt 

New Delhi, May 26:
BlackBerry vendor Research-In- Motion (RIM) on Monday said it cannot hand over the message encryption key to the government as its security structure does not allow any 'third party' or even the company to read the information transferred over its network.
 
BHEL bags Rs 1,150cr contract in Punjab 

New Delhi, May 26:
State-run Bharat Heavy Electricals today said it has won a Rs 1,150 crore turnkey contract for setting up an energy efficient 153 MW captive power plant at Bhatinda in Punjab.
 
Sensex slides 301; RCom sheds 5% 

Mumbai May 26:
The Sensex opened with a negative gap of 182 points at 16,468 on global weakness.
 
Tata Steel to begin work at Orissa plant  

New Delhi, May 26:
World's sixth largest steel maker Tata Steel will begin construction work at its proposed 6 million ton steel plant at Kalinganagar in Orissa in the next two months, a senior company official said.
 
Fiscal situation has improved... 

New Delhi, May 26:
Reserve Bank Governor YV Reddy today said the country's fiscal situation has shown improvement, but the numbers do not reflect the "several underlying fiscal pressures."
 
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