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One phone and address but 38 different entities
They have different names, but as many as 38 foreign venture capital investors (FVCIs) incorporated in Mauritius and registered with the Securities and Exchange Board of India (Sebi) have the same address and phone and fax numbers.

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The world"s largest steel company ArcelorMittal today said it has approached the Karnataka government for setting up a steel plant in the state.

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BSNL keeps 'fresh bids' option open in expansion project

State-owned BSNL today said it was negotiating hard with telecom equipment suppliers — Ericsson and Huawei — for its Rs 32,000 crore project, to expand GSM network by 93 million lines, but has kept open the option for re-inviting bids if the talks lead nowhere. - Intel in talks with ITI for WiMAX joint venture - BSNL's rise and fall - Re-tender 93-million line order, DoT asks BSNL - Handset players jostle for market share - Telecom users cross 500-mn mark before targeted date - On the way: cable TV without any wire "We are negotiating with the vendors on a fast track (and) hope to finalise it within a week or two," BSNL CMD Kuldeep Goyal said. Asked whether the PSU was looking for retendering the 93 million GSM lines-expansion order, Goyal said: "We are keeping that option open. If we are able to get a reasonable price from the present vendors, then we may not retender." BSNL had chosen the bids submitted by Ericsson and Huawei, while rejecting the offers made by three other vendors — Nokia Siemens, ZTE and Alcatel Lucent. BSNL is yet to place the Advanced Purchase Orders (APOs). Nokia-Siemens had challenged the rejection by BSNL and a final verdict on it is still pending in courts. The PSU has also come under attack for non-transparency with only one vendor for each region. But BSNL said it was a competitive bidding. "Bids are supposed to be competitive. They are global bids," Goyal reasoned. BSNL had floated a tender last year for procuring equipment to expand its GSM network by 93 million lines in four zones — North, West, South and East. After evaluating technical bids, Ericsson was considered for the North and Eastern regions, while Huawei was offered the Southern region.


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