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Feb 6: Uninor to bid for 2G spectrum

  • Feb 6: Uninor to bid for 2G spectrum

    Feb 6: Uninor to bid for 2G spectrum

  • Piramal won't have cash after Vodafone stake buy

    Chairman of Piramal Healthcare, Ajay Piramal gestures as he speaks during a news conference in Mumbai.

    Piramal Healthcare will not have cash left in its balance sheet after it buys a 5.5% stake in Vodafone's India unit, Ajay Piramal, chairman of Piramal Healthcare Ltd , told reporters on Monday.

    Piramal Healthcare would buy the stake in Vodafone India for about $616 million, taking its total stake in the mobile company to about 11%, it said over the weekend.

    Vodafone will continue to hold 64% in its India unit, Piramal said.

  • Gold slips in Europe as Greek bailout talks hurt euro

    Gold bullion coins known as Krugerrands are pictured in the mint where they are manufactured in Midrand outside Johannesburg.

    Gold prices slipped in Europe on Monday, extending the previous session's 2% price drop, as concerns over the progress of talks on a Greek bailout weighed on the euro and on assets seen as higher risk such as stocks and commodities.

    Spot gold was down 0.5% at $1,717.90 an ounce, while US gold futures for February delivery were down $19.20 an ounce at $1,721.20.

    The euro fell as Greek politicians struggled to agree on austerity measures needed to secure a new bailout for the debt-laden nation, keeping alive the risk of a messy default that could hurt the euro zone.

  • Facebook turns eight

    An illustration picture shows the log-on screen for the website Facebook.

    Facebook, the world's most popular social networking site with an estimated 845 million active subscribers, has turned eight.

    Since its launch on February 4, 2004 at Harvard University in Mark Zuckerberg's dormitory room, the social networking giant that has changed our lives over the years has witnessed massive growth and is most likely to have one billion users by August this year.