Business

Sources said that with the launch in Kolkata, Airtel will be the first company to start 4G services in the country.

However, two AC double decker trains and 18 other trains, announced in the 2011-12 budget, are also yet to be launched.

With the Union Budget 2012 on the anvil, the industry is speculating about its impact on the talent dynamics.

Twenty four places on the Fortune's list are occupied by the Indian ventures of foreign companies.

Hit hard by mounting losses, state-run Air India is also looking for a financial bailout.

When Pranab Mukherjee presents the Budget on Mar 16, experts will be keenly hearing his comments on fiscal deficit.

Old operators have been contesting the proposed one-time charge for the extra spectrum held with them.

Prior to ONGC, the government had divested its stake only in Power Finance Corp this fiscal to raise Rs 1,145 crore.

Growth in eight core industries that include electricity, coal, cement, steel and crude oil slumped to 0.5 percent.

Index heavyweights Reliance and ICICI Bank were down 4.8 per cent each.

Sources said the airline is likely to lose several prime flying slots due to the recent large scale flight cancellations.

The move comes in the aftermath of the cancellation of 2G licences by the Supreme Court on February 2.

Kingfisher Airline's net loss widened to Rs 444.26 crore for the quarter ended December 31, 2011.

Pranab Mukherjee said, the indirect tax collection figure up to January 2012 indicates that there has been some gains over the last year.

The DHI, in its pre-Budget recommendations, has sought Rs 1,000 crore under TUFS, wherein companies get 5 pc subsidy on loans.

Raw materials constitute a large part of the total cement manufacturing cost.