Briefly Business: AI board to meet today; strike enters day 20

AI board to meet today; strike enters day 20

Written by Press Trust Of India | Published: May 28, 2012 1:22:12 am

AI board to meet today; strike enters day 20

mumbai: Air India board will meet here Monday to discuss the nearly three-week-old strike by over 200 pilots and a host of financial issues. Airline sources said the board is likely to consider the next steps to be taken to deal with the strike,headed by the Indian Pilots Guild.

RInfra sees 3-fold rise in infra revenue this fiscal

mumbai: Anil Ambani-promoted Reliance Infrastructure (RInfra) has said it is expecting almost three-fold rise in revenue from the infra vertical to Rs 1,000 crore this fiscal,which had contributed only 1.5 percent to its topline last fiscal.

India to ensure safe gas transit from TAPI

new delhi: India will pay $13 for buying natural gas through the much-celebrated TAPI gas pipeline and will take indirect responsibility for safe transit of the fuel through high security risk areas in Afghanistan and Pakistan.

Airtel to invest $100 mn in Rwanda

new delhi: Bharti Airtel Sunday said it would invest $100 million in the next three years in Rwanda and plans to offer 3G services in the country within the next quarter. Airtel also announced its foray into the mobile advertising segment in India.

Govt to take up 32 FDI proposals this week

new delhi: The government is likely to decide this week on 32 FDI proposals,including those of Sesa Goa and Mahindra and Mahindra. “The 177th meeting of the Foreign Investment Promotion Board is scheduled to be held on Friday,June 1…,” the Finance Ministry said.

DoT asked to initiate action against two firms

new delhi: The Home Ministry has asked the Department of Telecom to initiate “strict” action and levy fine on two telecom companies for failing to provide exact details of people using the internet.

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