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BSNL's 93 mn GSM-lines tender in limbo
In a surprise move, state-run telecom firm Bharat Sanchar Nigam (BSNL) has cancelled the equipment purchase order given to Chinese company Huawei saying the conditions imposed by the vendor are not acceptable, leaving the fate of Rs 32,000-crore capacity addition programme in limbo.

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Bharti Airtel launches new offer
Bharti Airtel has a launched new offer, "Airtel Advantage" scheme, under which the GSM service provider will levy around 50 paise per minute for both national long distance call (STD) and local calls. Airtel has the largest telecom subscriber base with over 110 million people.

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Anti-dumping probes rise with green shoots
Even as the economy is showing signs of revival, industry"s fears about dumping by other countries is on the rise, prompting the government to initiate as many as 20 fresh anti-dumping investigations since the beginning of current financial year, compared to 21 in all of 2008-09.
International Business

Competition to heat up as biggies gear up for small-car launch

Come 2010 and the small-car market is likely to witness intense competition with at least four new players set to launch their products in the market. General Motors India, Ford India, Nissan Motor India and Volkswagen India are gearing up to launch their small car models--the Chevrolet Bear, the Ford Figo, the Nissan Micra and the Volkswagen Polo, respectively. Sensex flat; Metal, IT stocks gain Uttam Galva soars post ArcelorMittal stake hike India Glycols turns around; posts Rs 7 cr profit Rahul and Udhav spar on Mumbai migrant issue NTPC fixes FPO base price at Rs 201 a share "While competition will continue over the next three years, there will be sales of more than two million cars within one-year of launch," a Bangalore-based auto analyst, Salil Barua, said. The overall auto market in the country will grow with the entry of new players, Barua said. India"s auto industry is amongst the first sectors to recover from the global economic slump. Auto sales have surged 18 per cent to 7.8 million in the eight-months from April to November. Passenger vehicles" sales have gone up 21 per cent to 1.2 million units. "New entrants will dominate the market but it will not affect the existing players much. However, the picture will be clear only after the new cars are launched," Fiat India"s CEO, Rajeev Kapoor, said. Fiat plans to launch its small car in 2011.


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