LONDON - The fate of Britain's two state-controlled banks will become clearer on Wednesday, when Chancellor George Osborne is likely to start the clock ticking for the sale of the government's stakes.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Ericsson wins $1 billion contract from India's Reliance Comm
MUMBAI (Reuters) - Indian mobile phone carrier Reliance Communications Ltd (RLCM.NS) said on Monday that it has awarded an eight-year contract valued at $1 billion to telecommunications equipment maker Ericsson (ERICb.ST) to manage its networks in the northern and western states of India.
Last month, Reliance Communications gave Alcatel-Lucent SA (ALUA.PA) an eight-year contract valued at more than $1 billion to manage its mobile and fixed networks in east and south India.
(Reporting By Aradhana Aravindan; Editing by Prateek Chatterjee)
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