India Business wrapup: India second most favoured for FDI, govt. earns $9.16bn from tourism..and more

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RCom slaps legal notice to DoT

Now that communication ministry has decided to allot additional spectrum based on TRAI’s formula, Reliance is of course, unhappy and has served a legal notice to the government to freeze allocation of airwaves to existing players.

“The notice has been filed to ensure that excess spectrum held by GSM operators is being returned, RCom said in a statement. It said GSM operators should immediately return over 50 MHz of spectrum being hoarded by them free of cost and beyond their entitlement of 6.2 MHz.” [source]

India is second most favored destination for FDI

A T Kearney has released it’s study stating that India is second to China when it comes to FDI.  While China and India lead FDI destinations in the 2007 index, 15 of the most attractive FDI destinations are developing markets. [source]

» India Inc earns $9.16 bn from tourism in ’07 [source]

New launches:

» Perfetti has launched mentosfriendsonline for people to share their troubles.

The site describes itself as a place for people “who can see the humour when others see heartburn” and for people “who can get wacky when others get worked up”. [source]

» BAG has launched English news website, news24online.com

News24online features regional, national and international news in both text and video formats. Most of the news is sourced from its news channel and various news agencies, while the videos are taken from the TV channel only. [source]

More updates @ IndiaBusiness channel

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