BCB distances itself from director's remarks questioning players' commitment
Prices of televisions are expected to rise by 3-4 per cent from January next year on account of the rising cost of memory chips and depreciation of the rupee, which recently crossed the 90-to-a-dollar mark for the first time.
In a major acquisition in the telecom sector, the Ruia-controlled Essar Group on Wednesday bought a controlling stake in BPL Communications for a consideration of over Rs 4,400 crore (Rs 44 billion).
The Company Law Board on Monday adjourned for July 30 the hearings of the main petition filed by BPL Group patriarch T P G Nambiar against the alleged sidelining by his son-in-law and CEO of BPL Communications Rajeev Chandrasekhar in the telecom busi
Essar group now holds 77% stake in BPL Communications.
Whether Rajeev Chandrasekhar wins or not, Thiruvananthapuram will likely never see such an interesting contest again.
After the $11.1 billion winning bid by Vodafone for Hutchison, the spotlight now shifts to the Ruia-owned BPL Mobile Communications.
Cellular service provider BPL Mobile Communications Ltd launched a new pre-paid calling card, an extension of its existing Mobile on the Spot.
The spat between Essar and Hutchison for the acquisition of BPL (Mumbai) circle is far from over with the Indian corporate maintaining that the Department of Telecom approval for acquisition of BPL shares is yet to come.
BPL Group patriarch T P G Nambiar's equity stake in his son-in-law Rajeev Chandrasekhar-run telecom and communications division, BPL Innovation, is only 7 per cent and he has "no economic interests" in this division of the Group, Counsel for Chandras
The Kerala-based BPL Telecom Pvt Ltd has announced the launch of its range of GSM mobile handsets with a host of innovative features.
This follows the expiry of its brand-use agreement with the BPL Group. The company, which faces an ownership battle between the Ruias of the Essar Group and the UK-based Vodafone, does not expect 'any issues' to arise from the change. "Loop is an extension of an ongoing campaign, Get in the Loop, and it will be easy for our subscribers to identify with this new brand name," said BPL Mobile Director and CEO Sanjeev Chachondia.
The termination of the agreement for Mumbai does not affect the other three circles, for which a merger with Hutchison Essar has already been done.
The Ruias and other promoters own a 99.99 per cent stake through various companies in BPL Mobile Communications. They have already toned it down to 82.4 per cent, sources close to the development said. Now, the group is looking at further bringing it down to less than 70 per cent. This will make BPL Mobile Communications a shell company and diminish its values making its shares 'worthless,' says Vodafone.
Gandhi said the Congress' slogan is 'count' because that would be the first step towards justice.
The Reserve Bank of India (RBI) on Tuesday told the Delhi high court that withdrawal of Rs 2000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience.
A public interest litigation was filed in the Delhi high court on Monday against permission to exchange Rs 2000 banknotes without obtaining any requisition slip and identity proof.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
The Congress Legislature Party, which met at a private hotel in Bengaluru on Sunday evening, passed a unanimous resolution authorising the party chief to pick its leader.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
With the Beijing Olympics 2008 starting from Friday, three of the major Indian telecom service providers Reliance Communications, BPL Mobile and Tata Communications are launching services aimed at tapping the communication potential of the event.
Minister of State for IT and Communications Sachin Pilot would distribute 1,000 mobile handsets with BSNL connections to below poverty line families near Jaipur on Thursday, according to a BSNL official.
Though the controversy over the security of BlackBerry services is yet to be resolved, the four operators that offer these services - Bharti Airtel, Vodafone Essar, BPL Mobile and Reliance Communications - have added over 50,000 customers in the four months since the problems began. Before this, the push-mail service, which was introduced in India in October 2004, had 400,000 subscribers according to industry estimates.
The Pakistan Cricket Board and coach Waqar Younis indicated that disgraced left-arm pacer Muhammad Aamir would soon be given a chance to play for the national team again. PCB Chairman Shaharyar Khan told the media in Lahore that the Board was considering giving a comeback chance to Aamir, who served a five-year ban for spot-fixing which expired last September.
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