LG is targeting a turnover of Rs. 3,000 crore in 2011 and sell 450,000 smartphone units in India this year.
The search giant is keen to pocket a hefty slice of India's online advertising market, an Rs 1,300-crore (Rs 13-billion) market in 2011 that is set to touch Rs 3,400 crore (Rs 34 billion) by 2015 according to KPMG estimates.
Kapil Sibal, telecom minister, said many companies borrowed heavily to pay for 3G licences late last year. These companies were now facing difficulty in raising resources for the business, upsetting the calculations they had made while bidding aggressively for the licences, he said.
Bigger telecom companies are likely to get a bigger share of the 3G subscribers as they own high average revenue per user customers, who are more likely to sample premium services like 3G.
The cap of 25% on sales to group companies likely to be removed.
Telcos such as Loop, Etisalat and Videocon have done little to churn the subscriber base.
A memorandum of understanding between the defence and telecom ministries for vacation of spectrum was signed two years ago.
The plan includes expanding the number of flights of AI Express from 204 a week to over 250 a week with a new thrust on West Asia.
The Japanese giant will also consider increasing its capacity, which could mean a new plant or expansion of existing units, after its ongoing expansion to 500,000 vehicles is completed in phases.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
The proposal gains significance because the merger plan was given a quiet burial under former telecom minister A Raja.
The conclave also focused on the need for more spectrum, a key issue for India.
Google will also use artificial intelligence to provide customers with more solutions.
In an interview at the GSMA conference in Barcelona on Tuesday, Mittal broke his silence on the scam and the very public spat between Tata Teleservices and Reliance Communications: "My plea is that the industry shut their mouths; zip up and let the various investigative agencies do their job," he said.
Gartner expects manufacturers like Samsung to launch a whole range of budget devices that will drive Android into mass market segments.
According to Grant Thornton's January data, IT & ITeS tracked the highest in terms of value, with the industry investing $1.2 billion in M&A over 12 deals.
Dayanand Allapur, head of human resources, Tesco HSC, said: "We will add another 2,000 employees in both IT (information technology) and non-IT processes."
The commerce ministry has sought a review of foreign direct investment policy in the pharmaceutical sector, in the light of recent takeovers of domestic companies by multinationals.
Features like long battery life, ease of use and the rapid development of applications are attracting companies to tablet PCs
Hewlett-Packard (HP) chief executive Leo Apotheker on Monday told employees at its Bangalore office to watch out for "new products from the US on February 9". Apotheker, to also visit Mumbai and Delhi, is the first from HP's senior management to visit the country in 10 years.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances