Briefly Business

DoT may ban Mamp;As among 3G players

NEW DELHI: The government is unlikely to allow any merger or acquisitions among the third generation,or 3G,mobile service providers to ensure competition. There will be no merger and acquisition guidelines for 3G services as to ensure competition among the 3G operators. The NIA will prohibit merger of successful bidders in the current auction, the DoT said in an internal note,which is a compilation of its reply to the prospective 3G bidders

query on these issues.

Orient Express raises 138 mn from sale

NEW YORK: US-listed Orient Express Hotels,in which Tata groups Indian Hotels has over 9 per cent stake,has raised 138 million from the sale of 12 million fresh shares. The gross proceeds of the share sale along with the underwriters portion amounted to 138 million,Orient Express Hotels said in a regulatory filing to the US Security and Exchange Commission.

India Incs hiring activity drops 6 pc

NEW DELHI: India Incs hiring activity witnessed a slowdown in December,a fall of 6 per cent compared to the previous month,mainly due to year-end holiday season impacting employers recruitment plans,says a survey by job portal naukri.com.

Dealers cut Honda Jazz price to clear stock

NEW DELHI: Hondas premium compact car Jazz is being sold at discounts of up to Rs 40,000 with attractive interest rates on loans as dealers look to clear stocks of the 2009 model. The Jazz,coming at a price range of Rs 6.98 lakh to Rs 7.33 lakh ex-showroom Delhi,had witnessed stock pile up last month with retail sales not picking up.