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Srei Infra to raise up to $200 mn through ECBs
The country’s largest power generator, NTPC Ltd, will be officially powering the Commonwealth Games being held next year. It has got marketing rights for the games that will held in New Delhi next year, in return for a Rs 50-crore sponsorship.

Tax foreign cos helping oil explorers at 10%: AAR
Foreign firms helping domestic oil explorers need to pay tax at lower rate of 10 per cent only as their business is technical services, the Authority for Advance Ruling (AAR) has ruled.

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Ashok Leyland to supply 875 ULE buses to DTC this fiscal
Commercial vehicle maker Ashok Leyland has said it would start delivery of the first 50 ultra low entry (ULE) buses to the Delhi Transport Corporation (DTC) soon as part of its Rs 1,190 crore contract to supply 875 buses this fiscal.
Public Relations

Teracom bags Rs 12 cr broadband deal from Indian Railways

System integration firm Teracom today said it has bagged a Rs 12.6 crore broadband services deal from the Indian Railways. - Railways to come up with time table for freight trains - Work on rail complexes at 66 stations to start soon: Mamata - Auto Inc upbeat on rlys" vehicle handling projects - Railways white paper: Finances may not be so rosy - No LTA for employee using car or taxi, say central govt - 'Speed up freight track project' As per the deal, about 30,000 officials of the Indian Railways will be able to access broadband services at their residences and offices, Teracom said in a statement. Indian Railways has more than 100 exchanges across the country catering to communication requirements of its officials. These exchanges provide voice communication to the officials at their residences in Railway colony as well offices. The scope of work includes installation and commissioning of modems at the customer-end as well as connect existing Railways copper infrastructure with Railtel"s network. "We will also provide round the clock support to keep up the network live through the day," Teracom Senior Vice- President (Marketing) Puneet Jain said.


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