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Internet body petitions CCI on telephony
Frustrated with an almost seven-month delay in the Department of Telecommunication (DoT) response to the Telecom Regulatory Authority of India (Trai) recommendation that the Internet Service Providers (ISPs) should be permitted to use telephone lines to make internet telephony calls, the Internet Service Providers Association of India (ISPAI) has moved the Competition Commission of India (CCI).

India Inc gears up for hiring, salary hikes
Corporate India is getting ready with hiring plans and higher pay packets for 2010, as signs of economic recovery are becoming visible along with a rising confidence in the economy"s growth.

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Answers to last week's quiz (#124)
*Name the person and the name he gave to the theoretical proto-hypertext computer system he proposed in 1945. This has been referred to as the vision behind search engines.
Public Relations

Govt refers Jet's proposal to raise $400 mn to CCEA

The government today referred a proposal by private carrier Jet Airways to raise Rs 2,000 crore from foreign investors to the Cabinet Committee on Economic Affairs (CCEA). - Intel withdraws suit against govt - Gas is not pvt property of Ambani bros: Govt - Govt plans to earmark Rs 3 lakh cr for edu under 11th Plan - Koda effect: Govt seeks audit of UBI branches - GM plans to start govt loan repayment later this yr: report - NTPC working on coal mines allotted by govt The proposal was recommended for the consideration of the CCEA as the investment involved is above Rs 600 crore, an official statement said. Jet had planned to raise $400 million (Rs 2,000 crore) via equity investment through the Qualified Institutions Placements route from foreign institutional investors. Earlier the Foreign Investment Promotion Board (FIPB) had deferred the proposal by the private carrier following request from the Civil Aviation ministry as Jet"s proposal could have resulted in breach of the 49 per cent cap on FDI in an Indian airline. The FIPB had also mentioned that even if it were to approve Jet"s fund raising plans through foreign investment, the proposal would have to be cleared by CCEA as it was above Rs 600 crore. The airline intended to raise the money to meet the cash flow requirements and had got the shareholders" approval for the same on July 24.


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