Briefly Business

Taiwan-based handset maker HTC on Sunday entered into an exclusive partnership with cellular operator Reliance Communications to launch a 3G-enabled smartphone in the Indian market,priced at Rs 16,590....

HTC-RCom tie up to launch smartphone

New Delhi: Taiwan-based handset maker HTC on Sunday entered into an exclusive partnership with cellular operator Reliance Communications to launch a 3G-enabled smartphone in the Indian market,priced at Rs 16,590. The new Android phone HTC Wildfire will be available at authorised HTC resellers across the country,a statement said. Android is an operating system for mobile devices such as cellular phones,tablet computers and netbooks.

ICVL outpriced in Oz asset buy: SAIL chief

New Delhi: International Coal Ventures Ltd,a special purpose vehicle of leading PSUs such as SAIL,Coal India,NTPC,RINL and NMDC,has been outpriced in its quest for coal assets in Australia,an official said. ICVL had bid for a mine in Australia but it has been outpriced, SAIL chairman C S Verma,who is also the head of the joint venture company,said.

GAIL,BCPL sign pact to market products

Guwahati: GAIL India Limited has signed an agreement with Brahmaputra Cracker and Polymer Limited BCPL for marketing all the petrochemical products to be produced by the latter in its upcoming project in Dibrugarh in upper Assam. According to the agreement,GAIL would market 2,20,000 tonnes of High Density Polyethylene and Linear Low Density Polyethylene along with 60,000 tonnes of Polypropylene to be produced annually from the BCPL plant.

ICICI Bank sees rates moving up after Sept

Mumbai: Soon after revising deposit rates by up to 75 basis points,ICICI Bank has said the lending rates are expected to go up after September,even as some leading public sector banks have already increased rates for their existing customers. There is clearly an upward bias. An increase in deposit rates does not translate into a rise in the cost of funds immediately. It usually happens with a lag,ICICI Bank MD amp; CEO Chanda Kochhar said.

S Vijay Kumar takes over as Mines Secy

New Delhi: Subramanyam Vijay Kumar,a 1976 batch IAS officer of the Himachal Pradesh cadre,on Sunday took over as the new Mines Secretary,succeeding Santha Sheela Nair,a Tamil Nadu cadre IAS officer,who retired on July 31. Kumar,who has been the additional secretary and special secretary in the Ministry of Mines since January 2008,has a wide experience in senior management positions in the government spanning a period of over 15 years.

CSE likely to get SEBI nod for NSE tie-up

Kolkata: The Calcutta Stock Exchange CSE hopes to get market regulator SEBIs nod for its proposed tie-up with National Stock Exchange NSE in a fortnight,CSE chairman Dipankar Chatterji said. We hope to get Securities and Exchange Board of Indias nod for the tie-up in the next fortnight,as things are at an advanced stage, Chatterji said.