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India adds 1.2 cr wireless subscribers in June
Telecom operators in the country added around 1.2 crore subscribers in the wireless segment in June taking the total user base to 46.48 crore, sectoral regulator Telecom Regulatory Authority of India (Trai) said today.

Weak pillars
Last week’s tragic accident at the construction site of Delhi Metro Rail Corporation (DMRC) has raised questions about the role of its contractor, Gammon India, in the mishap. The movement in Gammon’s share price reflects the market’s concern, given that it has underperformed the broader markets since the accident. While the share price took a severe beating as it plunged nearly 20 per cent intra-day on last Monday (July 13) after the accident (which occured on July 12), it later recovered during the day. However, through the week, the stock was down 7.5 per cent as against the 9.2 per cent rise in the BSE Sensex and 5-8 per cent rise in the share price of other construction companies.

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GMR Energy drags Ministry of Power, REC, PFC to Delhi HC
GMR Energy, a subsidiary of the GMR group, has challenged in the Delhi High Court its disqualification from bidding for three power transmission projects worth Rs 6,800 crore and sought a stay on the tendering process.
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Lukewarm response from NRIs leaves MP govt perplexed

After receiving a lukewarm response from non-resident Indians, in spite of its various investors’ meets in the US and UK, the state government will now try to find out reasons as to why NRIs have turned hostile towards making investment in the state. On January 9, 2010, the state government will hold a special session with NRIs in ‘Prawasi Bhartiya Diwas” in Delhi, not only to interact with them but also to know about their issues that hinder investment in Madhya Pradesh. Later it will organise a “Prawasi Bhartiya Sammelan” in Bhopal on January 12. - MP to offer more sops to food processing units - Home loans for nris - Fertiliser crisis grips rabi cropping in MP - Centre plans frequent scan of FII holdings - BHEL sets up transformer manufacturing unit at Bhopal - Sunil Sethi: The crisis of identity proofs">Sunil Sethi: The crisis of identity proofs “An NRI cell had also been constituted but it did not fetch much result. The NRIs are facing various problems and most of them are of personal nature, like illegal possession on their residents, harassment to their parents etc. Chief Minister Shivraj Singh Chouhan will interact with them in New Delhi on January 9. Later at home in Bhopal the government will felicitate those NRIs who hail from Madhya Pradesh and have done something remarkable for the state and country, on January 12. This is an image building exercise so that more investment can come from the NRIs,” a senior official in the department of the industries told BS. The state government had created an NRI Facilitation Centre two years back to redress the grievances of NRIs. The centre received 13 applications (most of them e-mails), of which six are pertaining to land dispute. Five other cases were of the similar nature and addressed, while only two NRIs demanded land purchase. “The two cases were forwarded to the revenue department while the land dispute cases are being investigated by the department of home affairs,” the official said. Few years back the then CM Babulal Gaur had visited the USA and the UK and assured the state of an investment worth Rs 10,000 crore from 12 companies. Later all the companies turned out to be fake. A mega investment drive and interactive session was also initiated with Sharjah, but no investment came from the gulf countries.


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