Mumbai, Aug 28 - S Tel and Reliance Infratel have signed an infrastructure agreement for sharing telecom towers, transmission for BTS sites and fibre backbone for intercity connectivity.

Reliance Communications will execute the agreement through its tower subsidiary Reliance Infratel. The pact covers six circles - Orissa, Bihar, Himachal Pradesh, Northeast, Assam and Jammu and Kashmir where the telecom operator plans to roll out its GSM services soon.

S Tel, a new telecom operator in the lndian marketplace, has acquired a Unified Access Services License (UASL) and spectrum to operate in the six circles.

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Eicher to invest Rs.120 crore

New Delhi: Eicher group, makers of the Royal Enfield motorcycle, Friday said it will invest Rs.120 crore in its two subsidiaries, Royal Enfield and VE Commercial, to tap new markets this year.

The company expects sales of 45,000 units of Royal Enfield by 2010-11, and said it would also launch two trucks next year.

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BMW to launch Rs.60-lakh car

New Delhi: Automobile manufacturer BMW India Friday said it would launch a roadster, Z-4, priced between Rs.50-60 lakh, in October.

'We aim to sell about 3,000 units (of all models) by the end of December. The company sold 2,908 vehicles last year,' said BMW India president Peter Kronsehndal.

BMW is also looking at expanding its dealership network from the 12 to 22 by the end of next year, Kronsehndal told reporters Friday.