Airtel on fire, rival Vodafone to the rescue An office building which houses Bharti Airtel caught fire on Friday disrupting telecommunication services of India's largest mobile services provider. 21 Jul 2008
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Indian steel makers agree to lower prices by 5-10 percent to fight inflation In a bid to fight inflation which has touched a three and a half years high, steel makers in India have announced that they would be cutting prices for flat steel products by Rs.4,000/tonne while steel bars and rods used in construction will be cheaper by Rs.2,000/tonne. 08 May 2008
Indian GSM mobile firms "climbdown" in spectrum row Indian GSM mobile operators dropped their opposition to stricter rules on spectrum allocation fearing even more stringent regulations, analysts said on Thursday, and to lift uncertainty hovering over the sector. 27 Dec 2007
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Telecom operator groups take spectrum rivalry to a new high in India The ongoing spat over spectrum allocation between rival telecom operator groups in India has taken a new turn with the Telecom Disputes Settlement & Appellate Tribunal (TDSAT) refusing to extend a month-old ban on issuance of new licenses and allocation of spectrum as sought by GSM operators, and ruling on Wednesday, Dec. 12, that the government should issue an initial allocation of spectrum to new players "right away." 15 Dec 2007
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Vodafone Essar unveils cost, IT plans Mobile phone giant Vodafone has announced plans to cut costs and expand coverage in India, where it expects growth to continue for a "substantial period of time" yet. 10 Dec 2007
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Essar Shipping & Logistics buys 6 vessels for $390 million Essar Shipping & Logistics Ltd, which controls Essar Shipping Ltd, has placed orders for six bulk carriers, and has an option for three more, it said in a statement at the weekend. 10 Dec 2007
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India's big refiners think global India's big private refiners this week staked out aggressive plans to become integrated "mini-majors" with overseas oilfields and petrol stations, a strategy that just might work - if they can get big enough. 06 Dec 2007
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Vodafone Essar to tap overseas market for $500 million The Indian unit of Vodafone Group Plc plans to raise an overseas loan of about $500 million, the Business Standard reported on Sunday, quoting an unnamed company source. 26 Nov 2007
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Essar Oil plans $6 billion refinery expansion Essar Oil said on Friday it will spend about $6 billion to expand its refining capacity, and added it had shelved a plan to delist the company's shares from the Indian stock market. 16 Nov 2007
