VSNL to bid for six cellular circles
Mumbai: Videsh Sanchar Nigam Ltd (VSNL) has announced that it is ready to become a fourth mobile player in all the leading circles after Mahanagar Telephone Nigam (MTNL) and/or Bharat Sanchar Nigam (BSNL) is allowed as the third player. A final decision to this effect is likely to be taken soon.

VSNL is looking at those circles where it already has a presence with its ISP operations, which would mean that it will enter cellular business in the six largest Indian cities. It has approached the government to get a slew of concessions for the company's proposed foray into the cellular and third-generation services.
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PFC mulls raising of Rs 2000 crore
New Delhi: Public sector power major, Power Finance Corporation (PFC), is contemplating mopping up Rs 2,000 crore during the remaining part of the current fiscal. For this, it plans to make a public bond issue or go through the international borrowings route.

It is exptected that the company’s board would finalise the future course of action by mid November.

PFC is already in the process of seeking the power ministry's nod for setting up a $5 billion offshore fund for the power sector, sources said. The proposed fund will target both equity and debt flows by tapping the foreign markets.
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