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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.

Nalco, NPCIL ink pact for nuke power generation
The aluminium major National Aluminium Company Limited (Nalco) and the state owned Nuclear Power Corporation of India Limited (NPCIL) have signed a memorandum of understanding (MoU) for collaboration with each other for setting up nuclear power plants in the country.

News of the day

Infosys: Value at home
Infosys Technologies intends to ramp up business in the domestic market. It recently set up an India-dedicated unit within Infosys BPO — its business process outsourcing arm. The order book has already begun to see action, inform company executives. The domestic BPO arm has won a Rs 250-crore BPO contract from the income-tax department and is soon going to sign a letter of intent for another government deal, says Infosys BPO CEO and Managing Director Amitabh Chaudhry.
Corporate

Investment committee to submit report by Sep-end

The committee set up to look into the issue of regulating investment advice would submit its report to the government by the month end. "The committee would submit the report by the end of the end of this month to the government," D Swarup, head of the committee, who is also an interim pension regulator, told PTI.


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