Tata Communications, BT signs 5 year voice sharing services agreement
Tata Communications Ltd said it has signed a five year agreement with UK-based BT Group Plc to share voice services across the globe. No financial details were provided.

In a filing to the Bombay Stock Exchange, the Tata Group company said under the agreement, it will become BT's primary supplier of international direct dial (IDD) and other voice termination services outside BT's...

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Anil Ambani hits at Oil Ministry for volte-face on gas price; moves PM
Industrialist Anil Ambani has virtually accused the oil ministry of doing a volte-face on gas pricing, saying its stand in the Supreme Court was in total variance with what it had said in Parliament, reports PTI.

Seeking protection against what he called the overt and covert attempts and ‘partisan and biased approach’ of the petroleum ministry to intervene in a commercial dispute...

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In the mid-1990s, after the hopes of liberalisation were dashed, we used to place long-term bets on which companies would survive. Things have changed. With a flood of easy money and demand growth, fuelled by credit expansion, corporate profitability has soared. Naturally, this fuels the ambition of their founders/promoters....

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