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Indian telecom space to witness consolidation: Macquarie
The intensifying tariff war among telecommunication players in India is likely to result in consolidation of smaller, regional and startup operators in the telecom space, global research firm Macquarie says.

Equally expensive
Though the Congress party had allocated Saifuddin Soz a seven-seater helicopter for campaigning in far-flung areas of Jammu & Kashmir, he chose to use road transport. It was only when someone pointed out that the idle chopper was also costing his party a lot that Soz decided to use it to go to Ladakh.

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US needs to build climate partnership with India: Kerry
Against the backdrop of India"s insistence that it would not accept any legally binding emission reductions, a top US Senator has said the Obama Administration needed to build a “flexible” climate partnership with New Delhi to address the issue of global warming.
Small Business

Sensex in red in early trades

Markets have dropped again. The Sensex is now down 213 points at 16,567. The Nifty is down 75 points at 4,933. _________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The Nifty is down 50 points at 4,956. US markets ended flat on Wednesday ahead of a US Federal Reserve policy decision Asian markets are mostly in green. The Hang Seng has added 42 points to 20,151. The Nikkei has advanced 30 points to 10,356. All major indices are in red. The bankex has dropped 1.6% to 9,541. The BSE realty, IT, metal and auto indices have slipped around 1% each. Banking shares have dropped in opening trades. ICICI Bank and SBI have declined 2.4% each to Rs 811 and Rs 2,045, respectively. Metal stocks are also weak. Hindalco has shed 1.3% at Rs 157. Sterlite and Tata Steel have slipped 1% each to Rs 793 and Rs 605, respectively. DLF has dropped 1.3% to Rs 340. Sun Pharma, Wipro, Tata Motors, HDFC Bank, Hindustan Unilever have also dipped in red. ONGC, TCS, Grasim, Mahindra & Mahindra are the other losers in the market today.


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