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Corporate | Telstra seeks approval for presence in India

Corporate | Telstra seeks approval for presence in India
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First Published: Fri, Nov 27 2009. 11 13 PM IST
Updated: Fri, Nov 27 2009. 11 13 PM IST
Melbourne:Telstra Corp., Australia’s biggest provider of telecommunications services, said it has filed an application with the Foreign Investment Promotion Bureau to formalize its presence in that country.
Telstra International has been committed to the growing Indian market for some time and already has a presence there to support our multinational enterprise customers, a spokesperson said in an emailed statement.
— Bloomberg
Reliance Capital to buy stake in Quant Capital
Mumbai:Reliance Capital Ltd plans to acquire a controlling stake in Mumbai-based Quant Capital Group, according to a statement to the National Stock Exchange.
Reliance Equity International Ltd, a unit of Reliance Capital, and Quant will integrate the businesses to achieve benefits of synergies, costs and increased scale of operations, according to the statement.
Quant Capital, which employs at least 100 people, started its broking business in May 2008 and focuses primarily on institutional cash equities and derivatives, according to the statement. The company provides quantitative and behavioural research to forecast trends for global currencies, commodities, and equities along with traditional fundamental equity research, the release said.
— Bloomberg
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First Published: Fri, Nov 27 2009. 11 13 PM IST