India needs $250bn over 5 years to meet energy needs
NEW DELHI: Power minister Piyush Goyal said on Thursday $250 billion of investment was needed over the next five years if the country was to meet an expected doubling of energy consumption and provide power for all its 1.2 billion people. Goyal, who estimated India’s total power consumption... read more »
Infosys to hire over 2,100 people in US to boost business
Bangalore: Infosys Ltd, India’s second largest software services exporter, on Thursday said it would hire more than 2,100 people in the US. Of these, 1,500 will be experienced professionals, while the rest will be hired from American colleges and universities. The hirings will help the company... read more »
RIL to sell 49.9% stake in US joint venture
NEW DELHI: Reliance Industries is looking to sell its 49.9% stake in a US joint venture that owns a 460 miles pipeline network for transportation of shale oil and gas. RIL, as well as its partner Pioneer Natural Resources Co, are seeking a buyer for their stakes in Eagle Ford Midstream venture as... read more »
Bharti Airtel calls off Rs 700 cr deal to buy Loop Mobile
Telecom major Bharti Airtel has called off its plans to acquire business and assets of Mumbai based Loop Mobile, for about Rs 700 crore, as the Department of Telecom is yet to clear the deal. “Loop Mobile and Bharti applied to DoT for approval of the business transfer in March 2014. The... read more »
