BSNL, MTNL respond to Vavasi despite advice to the contrary
Children in India received Rs 664-cr pocket money this year. The economic slowdown hasn't dented this market, courtesy indulgent parents. Indian children received Rs 664 crore pocket and gift money so far in 2009, up 39 per cent compared to the whole of 2008.
About five new operators are ready to start operations by the end of this year, adding to the over eight incumbents slugging it out to grab a share in a mobile market that is expected to grow to 750 million subscribers by 2012 against over 450 million at present.
Essar group, which is buying out the Uganda and Congo assets of Warid Telecom -- a joint venture between the Abu Dhabi Group and Singtel and is present in Kenya, has also reportedly been sounded out by Zain shareholders. A company spokesperson, however, declined to comment on the issue.
Slow domestic growth, global ambitions will prompt deals similar to MTN, say analysts
Jet Airways expects to raise over Rs 1,000 crore by selling 2.5 acres of premium land it owns in the Bandra-Kurla area in Mumbai. The move will partly help the company to raise about $400 million (roughly Rs 2,000 crore) to cut its debt burden of Rs 15,885 crore.
Permission for dual listing would require full capital account convertibility and therefore changes in regulations under the Foreign Exchange Management Act.
The deal, which will be the largest in the global telecom space, will be subject to South African government approval.
Airline managements are divided on the likely impact of the settlement of the Jet Airways imbroglio.
The government has sought to put an end to the ambiguities in the implementation of Press Notes 2 and 4, which significantly relaxed foreign direct investment (FDI) guidelines, with the Commerce Ministry requesting the Reserve Bank of India (RBI) to make changes in the Foreign Exchange Management Act (FEMA) to operationalise the guidelines. The direction from the government follows a number of references and queries from investors.
Claim breach in procedure, demand probes; Reliance denies charge
Halving the productivity-linked incentive will make its salary levels unattractive and put a heavier burden on junior staffers.
Bluetooth speakers are elbowing their way in and we are saying this because of the recent launches that will spoil you with choices.
Eases regulatory hurdles for Bharti-MTN deal.
Hi-end smartphones are all set to make a huge splash this year. Relatively new players like Acer are throwing down the gauntlet to established smartphone makers such as Nokia and Sony Ericsson. And, all this is only going to make your decision-making tougher.
With the Wii console, players can use the motion sensor, the game controller remote, as a tennis racket or even a baseball bat during a gameplay.
Realising that raising money for charity will only get tougher in the present economic environment, the International Society for Krishna Consciousness has decided to harness the ever-increasing mobile users in India.
New Delhi, 7 August A strike call and its withdrawal proved an embarrassment for a former senior aviation bureaucrat.
Airline losses have more to do with their business models than the price of aviation fuel.
Creative is no newcomer in the consumer electronics market -- they have been making audio and video products for ages -- but it still doesn't take an expert eye to conclude that Creative's Vado, a pocket-size camcorder, is strikingly similar to the popular Flip camcorder from Pure Digital. After Sony, Pure Digital and Creative launched their pocket camcorders, Kodak too carted out the Zi6, a diminutive camcorder, in the market.
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