This will be the country's largest order for telecom equipment and one of the world's biggest. The installed production capacity of GSM electronics worldwide is 250 to 300 million lines annually, suggesting that the order could account for more than 10 per cent of global production over the next three years.
Now, sources in Bajaj Auto have confirmed that it is expected to offer a sneak preview of its small car, priced at roughly Rs 1.17 lakh, at the Expo. The country's second largest two-wheeler company had announced a tie-up with Renault and Nissan in October to develop an ultra-low cost small car for India.
It seems inevitable, therefore, that the 47-year-old son of an IAS officer, an alumnus of Delhi University's business school and St Stephen's College, should be recognised as the country's most exciting first-generation media entrepreneur, one who is set to challenge more established players. Recognition in the form of Ernst & Young's award for being the best entrepreneur in the services category this year has been the icing on the cake in a year of dramatic action.
When O&M India's executive chairman Ranjan Kapoor appointed creative hot shot Piyush Pandey as his successor in 2004, he wasn't aware that he may be pioneering a trend in advertising where agencies put their creative heads at the helm of their businesses.
US-based NBC Universal is in talks with NDTV to pick up a stake in the latter's UK-based subsidiary, NDTV Networks. The subsidiary operates NDTV Imagine and NDTV Convergence, among others.
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If you thought that international cable television majors such as Liberty Media and Comcast Corporation will line up to invest in the Indian cable TV industry after the government's proposal to allow 74 per cent foreign equity in cable, think again. The buzz is that the government is in a mood to raise the foreign equity bar for the cable industry from the current 49 per cent to 74 per cent.
