Briefly Business: AI employees withdraw threatened strike

Sibal,Nilekani meet Goldman board members

new delhi: After interacting with India Inc’s leaders in Mumbai,Goldman Sachs’ board met in the national capital Friday,amidst reports that the US-based investment bank may revamp its top-level management structure.

Govt responds to Sistema JSFC notice

new delhi: The government is believed to have assured Sistema Joint Stock Financial Corporation (JSFC) that it will take possible steps to protect foreign investments in the country.

Unitech seeks to restrain Telenor from new telco JV

mumbai: Unitech said it has applied to a local court seeking to restrain Norway’s Telenor from investing in any new telecoms venture in India that would compete with companies’ existing joint venture.

Airtel launches mobile service in Rwanda

new delhi: Bharti Airtel has announced the launch of its operations in Rwanda,bolstering the telecom giant’s footprint in Eastern Africa. Airtel has partnered with IBM to deploy and manage the IT infrastructure and applications in Rwanda.

India inks $826 mn loan pact with ADB

new delhi: The government on Friday signed three loan agreements totalling $826 million with Asian Development Bank to help the country efficiently transfer electricity from surplus regions to power-deficit regions.

Spain unveils $36 billion austerity package

Madrid: Spain’s new government unveiled a $36 billion deficit-reduction package for this year,that it hopes will convince its partners in Europe and wary international investors that it won’t need a bailout.