Cabinet ups foreign fund limit in telecoms
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The union cabinet approved on Wednesday a plan to raise the foreign investment cap in telecoms services providers to 74 percent from 49 percent, meeting a long-standing demand of the booming industry.
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Mobile communications operators and banks joined forces to make it easier and cheaper for hundreds of millions of immigrants and migrant workers to send money home by using their mobile phones.
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Government today hiked Foreign Direct Investment (FDI) cap for domestic airlines from 40 to 49 per cent through the automatic route but barred foreign airlines from picking up direct or indirect equity.
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A divided Senate approved an &#36;800 billion increase in the federal debt limit Wednesday, a major boost in borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.
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Russia&#39;s finance minister announced a $5.4 billion increase in funding for four key security agencies on Tuesday, a day after President Vladimir Putin announced his plan for combatting terrorism.
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The government has exceeded its target for deporting foreign prisoners, ministers announce.
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Central bank joins with counterparts in other countries to get funds into the financial system.
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Vodafone has sharply increased its capacity in the United States after its joint venture in America, Verizon Wireless, struck a $3bn (Â£1.
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HONG KONG China Netcom Group (Hong Kong), controlled by the second-largest fixed-line phone operator in China, has filed with US regulators to raise as much as $1.
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Any mandatory EU intervention to cut  the price of sending text messages or using the Internet while  traveling abroad would be limited to the wholesale level, the  European Union's top telecoms regulator said on Thursday.
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The amount consumers are charged for making mobile phone calls while abroad is to be investigated by EU regulators.
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InfoWorld - An Indian NGO (non-government organization) called Telecom Watchdog has filed a petition with the High Court of Delhi, alleging that foreign shareholding in mobile services operator Hutchison Essar is in breach of the Indian government&#39;s regulations on foreign direct investment (FDI).
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The move by the countryâs $200 billion wealth fund comes as the government nears the end of a decade-long reorganization of the banking industry.
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Having rustled up more than 100 million pounds (141 million euros, 192 million dollars) in funds, Britain said that it was ready to lend some extra military muscle to the tsunami relief effort in Asia.
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EuropeÂs highest court set strict limits Tuesday on when a country can tax profits earned by subsidiaries in other European countries.
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German Economy Minister Michael Glos called on Wednesday for a Europe-wide regulation on the so-called &quot;roaming fees&quot; charged by mobile telecom operators for telephone calls made in a foreign country.
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Developing countries are starting to flex their financial muscles and invest overseas.