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Reliance Infratel files draft prospectus with Sebi
Anil Ambani group firm Reliance Communications (RCom) today said its telecom tower subsidiary Reliance Infratel has filed the draft prospectus for its initial public offer with market regulator Securities and Exchange Board of India (Sebi).

AP new industrial policy to focus on manufacturing
More incentives for companies going to backward districts

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Bharat Forge: It's part of life
As if last year wasn’t difficult enough, Baba Kalyani has said quite clearly that the current year would remain a challenging one for his company. The chairman and managing director of Bharat Forge believes it could be a while before inventories are cleared and sales revive, especially in the commercial vehicle (CV) space. The auto parts maker, a victim of the severe depression in the world automobile markets, saw consolidated sales rise just under 3 per cent last year to Rs 4,774 crore.
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Uninor logs in 1.2 mn subscribers in first month of operation

A Norwegian-Indian telecom joint venture firm, Uninor, today said it has secured 1.2 million subscribers across eight telecom circles during the first month of its operation. - Telcos added 44.2 million subscribers in July-Sept - Govt gets nod to offload 10% in BSNL - Karbonn leaves its print on the handset market - Amid telecom tariff war, PMO looks for best option - Samsung eyes 30% share in CDMA market - Apalya Tech to make overseas foray in FY11 Since the launch in December last year and by the end of the respective month, Uninor has secured 1.2 million subscribers across eight telecom circles where it offers GSM services, Uninor said in a statement. Uninor, a joint venture between Norway"s Telenor and India"s Unitech, had launched operations in Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, East and West Uttar Pradesh, Bihar and Jharkhand. "We are building on our launch -- scaling up our network and our distribution. In a competitive market, it will never be easy, but we have a long term ambition and we have made a positive start," Uninor Managing Director Stein-Erik Vellan said. Considering that subscribers, currently come from only eight circles these numbers are encouraging, Vellan added. "We are still in a very early phase, but this is an indication that our price plans are perceived as attractive for Indian consumers," he said. As per guidelines, the company has submitted its monthly numbers to the Telecom Regulation Authority of India (TRAI), and the Cellular Operator Association of India (COAI).


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