News - The Economic Times
The Indian government has announced that it will take strict action against airlines that are charging a congestion fee of INR150 from passengers, reported The Economic Times.
Alcatel-Lucent is in talks with a few telecoms operators in India to install and supply GSM equipment and manage their networks, reported The Economic Times. The newspaper quoted Vivek Mohan, president and CEO of Alcatel-Lucent (India), as saying: "Globally, we are very strong in this space.
Oil and gas company Essar Group is planning to construct an integrated petrochemical complex as part of its refinery expansion plans in Vadinar, in the Indian state of Gujarat, according to The Economic Times.
A Calvalley Petroleum-led consortium, which includes Indian oil and gas firm Reliance and Yemeni-focused Hood Oil, has discovered oil in the Qarn Qayamah-2 well in Yemen's hydrocarbon exploration Block-9, according to a report by The Economic Times.
The growth rate of the Indian domestic aviation sector came down from 32% in 2007 to 11.5% in 2008 mainly due to hike in fares and high base impact, reported The Economic Times.
