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Govt to encourage pvt investments in shipping
The Shipping Minister said today that the ministry is taking all possible measures to encourage private sector investment in the shipping sector as major ports alone require over Rs 36,000 crore private investment by March 2012.

Indian Grand Prix would boost motorsports: Mallya
With Formula One Supremo Bernie Ecclestone giving a categorical assurance that the Indian Grand Prix is very much on, Force India Chairman Vijay Mallya today said the 2011 race would be a huge boost both for motorsports and the outfit he owns.

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Dubai crisis may impact marginally farm items export, say traders
Exporters of major farm items today said India is not completely immune to the financial concerns in Dubai and there could be marginal impact on trade.
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Tata Comm, Qatari co in pact for undersea cable

Tata Communications has signed an agreement with the Qatar-based Qtel for a new undersea cable network that will connect a number of regional operators in the Gulf region with the country. - Tata Communications, Qatari co in pact for undersea cable - Intel eyes 4G entry in India - Tata Communications net dips 70% at Rs 10 cr - Tata Comm to deliver capacity to Australia via cable system - NDTV ties up with Tata Comm for technology - US markets end down; ICICI Bank soars 6% “The enhanced capacity provided by this new cabling solution will help ensure rapid growth of broadband services across Qatar,” Qtel chief executive officer Nasser Marafih said here today in a release. This cable system would connect the Gulf Region with the world’s major business hubs and city centres thus improving connectivity and providing the foundations for next generation communication technology, he added. Total length of the cable system within the Gulf region would stretch some 4,469 km, reaching from Mumbai to Oman and onto Kuwait and would connect Tata Communications’ global cable and backhaul network. “This partnership is designed to create mutual benefit, which will multiply steadily as we use the foundation of the TGN Gulf cable system to develop additional network and IT services that address growing market needs,” Tata Communications President and COO Vinod Kumar said. Through the TGN-Gulf cable system, Qatar would have access to high-speed global routing that would encourage expansion in broadband penetration, Internet usage, enterprise applications and will give faster and more reliable bandwidth. Building and installing the global submarine cable would take around 22 months, Qtel said in a statement. In addition to Qatar, Bahrain, Oman, Saudi Arabia and UAE will be connected to TGN Gulf Cable in the initial phase. Subsequently, in the second phase other Gulf countries will be conjoined. Earlier also Qtel and Tata Communications had worked together. In June 2009, the two companies had agreed to align their infrastructures to provide various connectivity solutions including Ethernet, MPLS (multi-protocol label switching) to their global customers.


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