Tuesday, 17 June 2014
RCOM plans to tie-up
with Reliance Jio
Anil
Ambani-promoted Reliance Communications is planning with Mukesh Ambani’s
Reliance Jio for a pan-India intra-circle agreement. The intra-circle roaming pact will also give Reliance Jio roaming
rights on RCom’s 2,100-MHz 3G band and offer services on this band.
Cairn India receives
environmental nod for raising oil output at Rajasthan block
Cairn India has received
environmental nod for increasing crude oil production from Rajasthan fields by
50% to 300,000 barrels per day. The Environmental clearance has
been granted to Cairn India to augment hydrocarbon production.
Tata Steel gains on
fund raising plan
Tata Steel
rose 1.57% after the company plans to raise up to Rs 14000 crore through
privately placed debt securities in the domestic and or international capital
markets.
Idea Cellular extends
gain after RBI allows FII limit hike
Idea
Cellular has moved higher by 5%, extending its previous day’s 1% gain, after the
Reserve Bank of India announced that foreign institutional investors can
purchase up to 49% stake from 24% earlier.
