Telcos may hike mobile rates to recover spectrum cost: Moody’s

NEW DELHI: Telecom operators are expected to gradually increase rates to recover Rs 1.1 lakh crore they bid for spectrum in the auction that concluded last week, Moody’s said today. “This high cost is credit negative for the country’s telecom operators because it will increase their debt and costs and reduce their ability to fund


Hinduja Global Solutions acquires US-based Colibrium

NEW DELHI: Hinduja Global Solutions (HGS) has acquired majority stake in the US-based Colibrium Partners and Colibrium Direct (Colibrium), a wellness automation technology firm, for an undisclosed amount. Colibrium has developed a cloud-based platform that facilitates end-to-end work flow automation capability to healthcare service providers. The acquisition would bring complementary platform and servicing capabilities to


Govt mulls scheme to promote BPOs across the country

NEW DELHI: The Centre is in the process of finalising a policy to promote BPO activities in the country after implementing a scheme to incentivise these operations in the Northeast, claiming it would be a “game changer”. A policy on Business Process Outsourcing (BPO) operations in the country “is in the final stages of finalisation,”


Russia keen to step up cooperation in I&B sector

NEW DELHI: India and Russia today agreed to strengthen ties in the information and broadcasting sector with the exchange of media personnel and cooperation in the social media space. The Russian side also proposed to include information and broadcasting in the BRICS summit slated to be held there soon, Minister of State for I&B Rajyavardhan