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As recession eases, US firms sniff opportunities in India
With the Indian economy showing signs of leaving the recession behind, companies from the US are once again making a beeline to the India shores scouting for opportunities. Companies from varied sectors are looking to test the waters with an investment in mind at a later stage. “Last year, things were rocky and very few trade delegations came to India. However in the last one and half months, things have turned around,”said Sandeep Mehra, committee member, Indo American Chamber of Commerce (IACC), Karnataka branch.

Pyramid Saimira shareholders okay fund raising
Pyramid Saimira Theatre, which is engaged in entertainment business, today said it will raise Rs 500 crore by offering securities to foreign investors, qualified institutional buyers and promoters.

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Adani Power IPO price fixed at Rs 100 a share
Adani Power has fixed the price at Rs 100 per equity share for its initial public offering (IPO) of 301,652,031 equity shares of Rs 10 each for cash.
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TTSL, RCom, others owe Rs 603 cr; Airtel pays highest revenue

Tata Teleservices, Reliance Communications and other private mobile telecom operators owe over Rs 603 crore to the government towards outstanding spectrum charges and licence fee for the last three years. - Markets end flat - 6 of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer - 17,370 critical for upside - Vodafone looks to list Indian arm - 3G spectrum auction on schedule: Raja - Bharti Airtel rises 3.4% Bharti Airtel paid the highest revenue, both in terms of spectrum charges as well as licence fee, to the government in the last three years. "TTSL is at top with Rs 351.64 crore outstanding spectrum charges followed by RCom with Rs 118.09 crore as spectrum charges and Rs 48.55 crore towards licence fee outstanding," Minister of State for Telecom Gurudas Kamat said in a written reply in the Lok Sabha. In all, nine private telecom companies are in the list with amounts outstandings against them. Bharti Airtel is at the top in terms of revenues earned by the government during last three years with the company paying Rs 1,355.14 crore as spectrum charges in 2008-09 out of total revenues of Rs 2,927 crore from all operators. Airtel has also an outstanding amount of Rs 56.31 crore. In a market of nearly 500 million mobile subscribers, Airtel continues to be the market leader with over 110 million users, maintaining a market share of about 25 per cent.


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