BPL Ltd, which got a reprieve from a host of lenders to restructure its Rs 1,500 crore (Rs 15 billion) debt, has faltered again on the restructured package
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
Idea Cellular and BPL Mobile announced interconnect for multimedia messaging service.
The Kerala-based BPL Telecom Pvt Ltd has announced the launch of its range of GSM mobile handsets with a host of innovative features.
BPL Mobile, one of Mumbai's oldest cellular phone operator, is looking at dropping its existing brand name as Essar's agreement with the TPG Nambiar-owned BPL on the use of its trademark expires by March-end.
I hope those who underestimate Rajeev Chandrasekhar will be proved wrong in this fight for Thiruvananthapuram's future, notes Rajeev Srinivasan.
BPL Telecom, the first Indian company to manufacturer cell phones, on Wednesday announced the all India launch of a series of GSM models and said it was in talks with Intel India to manufacture hi-fi handsets on contract basis for the US market.
Announcing this while presenting the Budget in Parliament on Monday, the Finance Minister Pranab Mukherjee said that Rs 350 crore, marking a 40 per cent increase over the previous allocation is being provided in the 2009-10 BE for this.
Cellular service provider BPL Mobile Communications Ltd launched a new pre-paid calling card, an extension of its existing Mobile on the Spot.
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.
Even as cellular companies announced on Tuesday free incoming calls on their network, BPL Mobile has increased the rentals and access fee of both its pre-paid and post-paid users by Rs 100 and Rs 54 respectively from January 24.
An old consumer electronics warhorse looks to leverage its past.
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 SC on Monday deferred by two weeks the hearing on state-run BSNL's appeal against the order of a tribunal bench that asked it to pay interest to BPL Mobile Cellular for delaying payments toward calls made to the private company's network.
Experienced left-arm pacer Mustafizur Rahman was on Sunday admitted to a local hospital after suffering a hit on his head by Litton Das during a training session ahead of a Bangladesh Premier League match.
There was such a rush that more counters were opened outside the GPO building, under the open sky, he added.
Hutchison Telecom on Monday entered into a deal with Essar Group to buy over BPL's stake and Essar SpaceTel for $1.15 billion (about Rs 4,900 crore).
BPL Mobile will role out a slew of products and services next week.
Embarrassed by the debate on whether its suggestion that a human being can live on Rs 32 a day in urban India, the Plan panel has said those who are not really poor should be excluded from being enumerated as being poor.
After giving a call to Maoists to lay down arms, West Bengal Chief Minister Mamata Banerjee on Wednesday turned her attention to the poorest of the poor in 'Junglemahal' by announcing that all tribals in the three districts would be included in the below poverty line (BPL) list.
The Essar group-owned company's agreement with the Bangalore-based BPL group, which owns the brand through its flagship firm, had expired on March this year.
A Bench headed by Justice S B Sinha, while rejecting BPL's plea, asked it to pay wages (last drawn) to 15 workmen within one month during the pendency of the dispute before the court. BPL had submitted that since its establishment had been closed, the workmen, after having accepted compensation, are not entitled to reinstatement or wages.
The Ruias of Essar have rejected an offer by the Aditya Birla group's Idea Cellular to acquire BPL Mobile's Mumbai circle, which lost heavily on its valuations due to the corporate battle between its shareholders.
Some of the top cricketers are contemplating terminating their central contracts with the Pakistan Cricket Board after some were refused NOCs to go and play in foreign T20 leagues.
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).
In a drastically new approach to identifying Below the Poverty Line families, the Manmohan Singh government may resort to a three-pronged approach.
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