CDMA operators are launching services that offer speeds of up to 3.1 mbps. On a comparative basis, this is faster by over 20 times than the existing wireless broadband connections, and 10 times faster than average broadband connections in the country. However, the upload and download speeds do not match the advertised speeds, which can be misleading for users.
Tata Motors subsidiary Telco Construction Equipment Company Ltd (Telcon) has opposed a proposal to the Foreign Investment Promotion Board (FIPB) from John Deere for a joint venture with Ashok Leyland to distribute and market its construction equipment in India.
SBI may charge 14 to 14.75% for 5-year loans.
Customs officials have been directed to stop shipments of such phones. Industry experts expect the move to hit the sales of dual-SIM handsets, which are imported into the country by companies including Nokia, Samsung, Meridian Mobile and Spice. More importantly, this could also affect the plans to manufacture these handsets in the country. It is estimated that around 100,000 dual-SIM phones are sold in the country every month.
Murthy's life story is to be the content of a new comic to be brought out by Amar Chitra Katha, the popular comic book series, making him the first living person to be featured in the Amar Chitra Katha series, which mostly focuses on popular Indian myths and legends.ACK Media, the publisher, will follow this up with stories of famous personalities like cricketer Sachin Tendulkar and former Indian President and Bharat Ratna award winner, APJ Abdul Kalam.
A delay would also result in a loss of opportunity to add at least 10 million broadband customers per year, which would have helped increase broadband penetration. India had a total of 5.65 million broadband connections as on January 31, 2009, way below the 9-million subscriber target set by the DoT for 2007. The meagre growth -- the country is adding around 1 million subscribers per annum -- will make it difficult to meet the government's target of 20 million users by 2010.
With this deal, Jaipuria's RJ Corp will own over 10 bottling plants, controlling 25 per cent of PepsiCo's bottling capacity in the country (earlier he was PepsiCo's largest bottler together with his family). Confirming the development, Jaipuria said the deal would be complete in a day or two. "The West Bengal operations will contribute 10 to 15 per cent to our turnover," he said.
Reliance Communications has decided to launch a call centre to help its subscribers locate a particular destination. It will give information on the shortest route to a destination, important places to visit while travelling to another city, location of theatres, hospitals and ATMs. The information, if required, will also be texted to user. The service, currently in its pilot phase, will be launched across the country within a fortnight.
The investors, which include ICICI Venture, Azim Premji and ICICI Prudential, say that they do not hold more than 38 per cent in the retail company and do not have the requisite shareholding to amend the articles. ICICI Venture, which alone holds 23 per cent stake in Subhiksha, had earlier rubbished claims made by Subramanian that the private equity company 'controls' Subhiksha by virtue of its right to appoint a majority of the directors in the company.
Netcore offers the service 'MyToday' to 3.8 million mobile phone users in the country. Jain was the founder of IndiaWorld Communications, a small start-up, which was acquired in 1999 by IT major Sify Technologies for around Rs 500 crore (Rs 5 billion).
Reliance-Anil Dhirubhai Ambani Group-controlled BIG TV has withdrawn from partnering the Indian Premier League, alleging discrimination by the league's broadcast rights-holder Sony Entertainment Television.BIG TV has communicated its decision to IPL CEO Sundar Raman, alleging that SET has decided to offer the contract to competitor Airtel DTH, though it quoted a lower price for on-air partnership, sources said. When contacted, a BIG TV spokesperson declined to comment.
With the existing operators garnering the high-average revenue per user subscriber, new service providers like RCom has to look at new customers," Gartner principal research analyst Naresh Singh said.
The government has asked the Telecom Regulatory Authority of India (TRAI) to speed up its responses on the allegations that Reliance Communications (RCom) has violated revenue reporting norms. The government will also appoint a special auditor to scrutinise RCom's books.
The gap between the average fares of a full-service airline and a low-cost carrier for metro routes narrowed by a third in January, thanks to leading players cutting their fares quite dramatically to grab the market share.
Broad consensus is emerging within a Group of Ministers chaired by finance and external affairs minister Pranab Mukherjee on a proposal seeking comprehensive changes in the foreign direct investment policy. This includes scrapping automatic approval in sectors that have FDI limits and in which ownership or control is shifting to a foreign company, and a new definition for calculating indirect foreign equity.
And despite a slowdown, media planners say advertisers are pouring in over Rs 600 crore (nearly half the ad budget for cricket in 2009). This represents a more than 10 per cent increase over last year's spends on television, co-branding of teams and marketing, among others.
Four former Indian CEOs - three of them with telecom companies and one from soft drinks major Coca-Cola - have come together to start an angel partner firm, the Phi Group. Interestingly, the group has roped in two former bosses of global telecom companies for its international foray.
Sends team to discuss share auction with Sebi today Satyam board to sell stake via auction.
It's official now. Engineering giant Larsen & Toubro has sought management control of Satyam.
As companies find themselves in the midst of an unprecedented meltdown, the role and expectations from CEOs are changing, according to Spencer Stuart, one of the largest global recruitment agencies for senior directors and CEOs. It has made these findings from recruitments undertaken in India across sectors like financial services, telecommunications and FMCG, amongst others.
