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India asks developed nations to change their lifestyle
In a strong message, India today asked the developed countries to modify their ‘unsustainable lifestyles’ to significantly cut down carbon emissions by 2020 and to ensure that developing nations had enough resources to cope with climate change while pursuing accelerated development.

PE players woo retail investors
Retail participants have provided relief to private equity (PE) players raising funds.

News of the day

TiE-ISB Connect on Oct 22-23
With valuations of companies becomign more realistic due to the slowdown, investors are delaying their exit. What used to be a three-to-five year period now is five to seven years. The longer duration is to compensate for the low returns due to the slowdown, according to Sateesh Andhra, venture partner of Draper Fisher Jurvetson and convenor of The Indus Entrepreneurs (TiE)-Indian School of Business (ISB) Connect.
Corporate

RCom joins 1 paise bandwagon, this time it's SMS

Reliance Communications (RCom) today introduced 1 paise per SMS plan taking the tariff war to the data front from voice calls. - Gas row: RNRL seeks cross-examination of PetroMin - Ambani family agreement binds all parties: Jethmalani - MoU, demerger scheme cannot be ignored: RNRL - Anil Ambani visits SC for hearing - RIL board was fully aware of family deal, Jethmalani tells SC - Anil tops pay chart; Mukesh biggest dividend earner The Anil Ambani group company today launched a plan under which 1 paise will be charged per SMS and at a monthly rental of Rs 11, Reliance Communications President Mahesh Prasad, said here. Telecom Minister A Raja recently had said telcos need to bring down SMS rates which are currently at 50-60 paise per SMS. Other operators are likely to follow suit. Reliance Communications stocks were down 1.54 per cent at 166.30 in the afternoon trade on the Bombay Stock Exchange (BSE).


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