Global Investors' Meet: Full coverage
Clearances begin...
Karnataka approves projects worth Rs 132 billion
'About 20 project proposals received during the global investors' meet have already been cleared by the state, said Industry Minister R V Deshpande.
Overview
A roaring success!
The Global Investors' Meet saw Karnataka successfully projected itself as a highly attractive destination for major global investment.
Day 2
Murdoch plans multimedia facility: AFP
'News Corp will set up the facility for digital studios and a software development centre,' Karnataka state IT secretary Vivek Kulkarni said.
Pepsi to invest Rs 1.25 billion
Pepsi Food's total investment in Karnataka waill now rise to Rs 2.65 billion.
Govt may introduce ESOP for PSUs
'With the divestment drive in full steam, employees fear lay-offs. We are working out a stock-option package for such employees to put their fears to rest,' Minister of State for Divestment Arun Jaitley said.
States urged to help privatise PSUs: AFP
'State governments control a large amount of public sector enterprises. Most of them are loss-making, and some changes are required,' Arun Jaitley, Divestment Minister, said.
'Zee channels to be available without cable connection'
Zee Television's channels would be available on C-band from the third week of June, facilitating direct viewing by the people even without a cable connection, Zee chairman Subhash Chandra said.
Day 1
The Fund Rush: AFP
Sinha pitches for overseas investment at global meet.
Finance Minister slams developed nations
Yahwant Sinha launched a vitriolic attack on developed nations for 'erecting trade barriers at a time when New Delhi was committed to dismantling them'.
Karnataka signs MoUs for Rs 40 billion
Global and domestic majors have expressed their desire to invest in Karnataka. Among those keen to ifuse funds are Reliance, Enron, Lucent Tech, BPL, Zee Telefilms, and TVS Group.
Zee to invest Rs 2 bn; shelves ADR: Reuters
'Zee Telefilms Limited will not make an ADR issue at the moment, chairman Subhash Chandra said. He also said that Zee will invest Rs 2 billion in Karnataka.
Enron, Reliance in communications pact: AFP
US energy giant Enron Corp on Monday signed a $ 137-million agreement with Reliance for an optical fibre cable project in Karnataka.
Reliance to infuse Rs 5.25 billion in fibre optics: Reuters
India's private sector Reliance Group said that it will invest Rs 5.25 billion to lay a 3,000 km fibre optic network in Karnataka.
BPL to invest Rs 4 billion in fibre optics: Reuters
The company has signed a memorandum of understanding with the Karnataka government for this.
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