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FIPB clears Bandhan, 22 other FDI proposalsThe FIPB meeting, chaired by Finance Secretary Rajiv Mehirshi, today considered 47 foreign investment proposals.- Citic Telecom in talks to buy Reliance Communications' undersea cable businessRCom has set a target to raise over Rs 6,000 crore from sale of Global Cloud Xchange (GCX), formerly Reliance Globalcomm business.
- Reliance Globalcom integrates Hawk cable system with networkThe Hawk Cable System was earlier providing connectivity between Yeroskipos in Cyprus and Marseille in France.
- No violation of norms by Reliance Communication in Gateway Net case: MCACorporate Affairs Ministry said it had received a complaint against RCom but did not find any violation of the provisions.
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