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Radio City Connect partners with Force India for Go Karting Championship
The Indian corporates have all the reasons to smile in this scorching summer of June, as they can take their teams on the fast track. Radio City Connect, activation arm of Radio City, India’s first and leading FM radio brand has partnered with Force India F1 team for Corporate Go Karting Championship across Mumbai, Delhi, Chennai, Bangalore and Hyderabad. Corporates from these five cities will get an opportunity to participate in the Maruti Suzuki Ritz presents Force India & Radio City Connect corporate Go Karting Championship.

UAE's crude production could rise 12.5% by 2014
The United Arab Emirate"s average sustainable crude oil production capacity is set to increase by 12.5 per cent to 3.06 million barrels per day (bpd) by 2014, the International Energy Agency (IEA) has estimated.

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ONGC's Dahej complex to be anchor tenant at PCPIR
State-owned Oil and Natural Gas Corp"s Rs 13,000 crore Dahej complex will be the anchor tenant at the proposed special area for chemical and petrochemicals industry in the Gujarat city that may attract a total of Rs 50,000 crore of investment.
Business Opportunities

DoT to impose Rs 132-cr penalty on telcos

The Department of Telecom (DoT) is understood to have decided to slap a total penalty of Rs 132 crore on some major telecom operators for not rolling out services on time after the award of licence and spectrum. The penalty, which will be in the form of liquidated damages (LDs), are for delays since 2005, for which show-cause notices had been issued earlier. - Airtel, RCom won"t raise SMS rates for New Year"s Eve - DoT to impose Rs 132 cr penalty on telcos - Experts divided over predatory pricing - 3G auction may start by Feb end or March 1st week - Reliance, Idea pulled up by ASCI for misleading ads - Defence Min will release more spectrum: DoT “As per the calculation, the revised LD amount is Rs 132 crore on Bharti Airtel (Rs 28.20 crore), Reliance Communications (Rs 19.85 crore), Tata Teleservices (Rs 36.5 crore) and Tata Teleservices (Maharashtra) (Rs 3.7 crore). The LD on Aircel is Rs 28.995 crore, while Vodafone Essar, MTNL, BSNL have not been slapped with any LD,” said an internal DoT note.


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