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2008 News

UPDATE 1-Reliance Comm tower talks await rule clarity
* Exec says continues to be in talks with potential investors * Little recent progress in talks with Carlyle, Blackstone-source * Reliance Comm also planning Singapore IPO of undersea cable unit * Tower arm sale would help cut heavy debt May 28 (Reuters) - A year after Reliance Communications said it had received several offers for its towers business, India's No.2 mobile phone carrier by

Reliance Comm tower talks await rule clarity

A year after Reliance Communications said it had received several offers for its towers business, India's No.2 mobile phone carrier by users said on Monday regulatory clarity would help push a deal

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UPDATE 1-Five bailed in Indian telecoms case
* Ravi Ruia, four others granted bail by New Delhi court

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Essar's Ravi Ruia, Loop execs get bail in 2G case
NEW DELHI (Reuters) - Five businessmen, including billionaire Ravi Ruia from the Essar conglomerate, have won bail in a case probing a telecoms licensing scandal which has drawn in tycoons and a

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Unitech Q4 profit plummets as sales slump

- Unitech, India's No.3 real estate developer by market value, said its quarterly profit slumped 98 percent because of high borrowing costs and a slowdown in house sales.

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India's Unitech Q4 profit plummets as sales slump

Unitech Ltd, India's No.3 real estate developer by market value, said its quarterly profit slumped 98 percent because of high borrowing costs and a slowdown in house sales. Thirteen interest rate

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2008 Galleries