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This is an archive article published on March 8, 2012

Briefly Business: Telecom Comm to seek Cabinet nod for NTP soon

The final version of new National Telecom Policy 2012,which will set the roadmap for the development of industry,will be moved for the Cabinet approval by month end,the Telecom Commission said

Telecom Comm to seek Cabinet nod for NTP soon

New Delhi: The final version of new National Telecom Policy 2012,which will set the roadmap for the development of industry,will be moved for the Cabinet approval by month end,the Telecom Commission said.

Mahindra Satyam buys vCustomer’s intl ops

New Delhi: Mahindra Satyam has announced the acquisition of BPO firm vCustomer’s international operations for $27 million.

Facebook goes down in many European countries

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Paris: Facebook went down in several mainly European countries today for around two hours,users and the company said.

Subbarao meets FM ahead of policy review

New Delhi: Ahead of credit policy review and budget,Reserve Bank Governor D Subbarao on Wednesday met Finance Minister Pranab Mukherjee and is believed to have discussed the macro-economic situation.

Rupee rebounds from seven-week low

Mumbai: The rupee recouped from its steep early lows to close the day at 50.28/29 against the dollar amidst reports of RBI’s intervention in the forex market.

HSBC to sell insurance biz in 4 countries for $914 mn

London: Global financial services giant HSBC Holdings Plc on Wednesday said it will sell its general insurance businesses in Hong Kong,Singapore,Mexico and Argentina for $914 million in two separate cash transactions with French insurer AXA Group and Australia’s QBE Insurance Group.

JLR plans to set up engine plant in India

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Geneva: Tata Motors-owned Jaguar Land Rover plans to set up an engine manufacturing facility in India. The company,that is investing £355 million in an engine plant in the UK,said the investments on the planned Indian facility could be lesser.

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