A local court Thursday adjourned the case of the Indian space agency's commercial arm, Antrix Corporation, seeking injunction against Devas Multimedia Services Ltd. proceeding in the International Court of Arbitration over its annulled S-band spectrum deal.

/New Delhi, Feb 9 (IANS) Abu Dhabi-based telecom firm Etisalat Thursday wrote off its investments worth $827 million in the mobile company Etisalat DB and said the company is evaluating its strategic options in India.

Antrix Corp, the Indian space agency's commercial arm, has moved a court here to restrain Devas Multimedia Services Corp Ltd. from proceeding ahead with its case in the Paris-based International Court of Arbitration against the $300-million scrapped S-band spectrum deal, an official said Thursday.

Creative Synergies Group (CSG), a Global Engineering Services Company which provides ‘Complete Product Development Solutions’ and ‘High-End Engineering Services’ to Global Fortune 500 Companies, today announced the launch of their 2nd engineering centre in Bangalore. The launch of this Centre signifies their focus on expanding their global presence and in tapping the Indian Engineering Service Outsourcing (ESO) segment. The new facility located at Vrindavan Tech Village (SEZ), Varthur Hobli, will house over 130 engineers. CSG plans to invest over $10 million towards expanding its engineering centres and operations in India over the next 2 years.

In the wake of older players attempting to lure the subscribers of telecom firms affected by the cancellation of 2G licenses, Sistema Shyam TeleServices Limited (SSTL), which operates under the MTS brand, Wednesday offered a zero paisa to retain its customers.

With several blue chip stocks finding good support at lower levels, the market, which opened on a negative note and drifted further down in the red earlier this morning, has regained some lost ground

Guan Jianzhong is waging a one-man crusade to change the global credit rating industry.