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Dr Reddy's Lab rises 2.3%
The stock jumped 2.3 per cent to Rs 1,204.55 after the company said Phase-III clinical trial for its anti-diabetic molecule balaglitazone achieved the set parameters.

FM channels threaten to tune out over royalty row
With no solution emerging in the legal battle between music companies and private FM radio operators over royalty rates, many of the 37 private FM radio companies have threatened to shut shop soon, restricting choices for over 200 million FM radio listeners to All India Radio channels.

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Raja takes on BJP over spectrum distribution
Facing allegations of irregularities in spectrum allotment, Telecom Minister A Raja today hit out at the BJP saying free distribution of radio frequency among operators during the NDA regime may have cost the country over Rs 1.6 lakh crore.
International Business

Africa a call centre alternative to India?

Some US lawmakers and think tanks believe that Africa can be a much cheaper alternative to call centers in India. The issue came up briefly for discussion during a Congressional hearing on US-Africa Trade relations. Rahul and Udhav spar on Mumbai migrant issue NTPC fixes FPO base price at Rs 201 a share "I don"t know whether that has been explored," added Karen Tandy, senior vice president, public affairs and communications, Motorola. "However, it makes sense that it is certainly possible in Africa," she said. "There are a tremendous number of entrepreneurs springing up throughout the continent that we are also investing and giving grant money to and technology, so there is no reason why a call center couldn"t be part of the future in Africa," Tandy added. "I would echo that," observed Greg Lebedev, adviser to the president US Chamber of Commerce and Chairman, Center for International Private Enterprise. Africa has a wonder resource of English language speakers, he added. "Certainly, there is some market maturation in India right now and one could argue there might be cost-competitive advantages in Africa," Lebedev said.


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