Mumbai: Shipping Corp. of India Ltd (SCI) has entered into an agreement with Geneva-based Mediterranean Shipping Co. SA (MSC) to run its European service. The Indian firm signed the agreement after four of its partners in the European service withdrew because of fall in trade.
MTN deal: Bharti sees no regulatory obstacle
Amritsar: Bharti Enterprises Ltd has said it does not foresee any regulatory obstacle to its proposed telecom deal with South African MTN Group Ltd as the foreign direct investment in the firm is well below the prescribed 74% limit. “The government allows 74% (FDI in telecom sector) and we are below that, so, I don’t think there is any issue,” Bharti Enterprises vice-chairman and managing director Rajan Mittal said.