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ICICI-First Data look at 500,000 PoS terminals by 2015
ICICI Merchant Services, the newly-formed joint venture (JV) between ICICI Bank and First Data Corporation (FDC), plans to expand its Point-of-sale (PoS) terminal network to 500,000 over the next five years, according to a senior FDC executive.

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Energy giants agree to develop huge Australian LNG project
Energy giants Chevron, Shell and ExxonMobil today agreed to develop Australia"s massive Gorgon field, giving the final go-ahead to a liquefied natural gas project underpinned by supply contracts with India, China, Japan and South Korea.

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Sterlite Industries posts 42% fall in Q1 net
Sterlite Industries, the Vedanta Group diversified base metals producer, has posted 42 per cent decline in net profit at Rs 924 crore in the first quarter of the current financial as compared to Rs 1,595 crore in the same quarter of the previous year. Net sales of the company also plunged by 21 per cent to Rs 4,537 crore from Rs 5,770 crore. Earnings per share (EPS) slipped, therefore, to Rs 9.49 from Rs 16.25 in the first quarter of the previous year.
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Uninor logs in 1.2 mn subscribers in first month of operation

A Norwegian-Indian telecom joint venture firm, Uninor, today said it has secured 1.2 million subscribers across eight telecom circles during the first month of its operation. - Telcos added 44.2 million subscribers in July-Sept - Govt gets nod to offload 10% in BSNL - Karbonn leaves its print on the handset market - Amid telecom tariff war, PMO looks for best option - Samsung eyes 30% share in CDMA market - Apalya Tech to make overseas foray in FY11 Since the launch in December last year and by the end of the respective month, Uninor has secured 1.2 million subscribers across eight telecom circles where it offers GSM services, Uninor said in a statement. Uninor, a joint venture between Norway"s Telenor and India"s Unitech, had launched operations in Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, East and West Uttar Pradesh, Bihar and Jharkhand. "We are building on our launch -- scaling up our network and our distribution. In a competitive market, it will never be easy, but we have a long term ambition and we have made a positive start," Uninor Managing Director Stein-Erik Vellan said. Considering that subscribers, currently come from only eight circles these numbers are encouraging, Vellan added. "We are still in a very early phase, but this is an indication that our price plans are perceived as attractive for Indian consumers," he said. As per guidelines, the company has submitted its monthly numbers to the Telecom Regulation Authority of India (TRAI), and the Cellular Operator Association of India (COAI).


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