India and Bahrain firms have formed a JV to provide solutions for telecom infrastructure.
Siva Group had mandated JM Financial to hunt for a buyer, but investors shied away from the Indian telecom industry.
Reliance Telecom and Bharti Airtel have entered the second round of qualifying process for a GSM-based mobile license in Qatar that the Gulf country plans to award by October this year.
S Tel, a joint venture between Chennai-based Siva Group and Bahrain Telecom (Batelco), has been directed to immediately stop its mobile services in Himachal Pradesh, Bihar and Orissa, citing national security concerns.
In his new role, chief Chinnakannan Sivasankaran's son Saravana is likely to manage 60% of the group's revenues
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
The telecom tribunal TDSAT on Wednesday asked new operators S Tel and Videocon Teleservices to pay 60 per cent of the penalty within two weeks, imposed on them by the Department of Telecom for failing to meet their roll-out obligations.
Zain, which operates across West Asia and North Africa, provides mobile services to over 41.4 million customers and has commercial presence in eight countries.
As the Tata group inches closer to taking over Air India in January 2022, the $242-billion conglomerate will also inherit a stake in Kerala's Cochin airport. The Tatas would become the only airline to have an operational stake in a major Indian airport. The airport is a strategic hub connecting India to Middle East nations - home to the largest share of Indian migrant workers. In addition to Air India and Air India Express, private carrier Indigo also uses Cochin to ferry the lucrative 'Malayali Gulf traffic' to multiple locations like Jeddah, Riyadh, Sharjah, Dubai, Abu Dhabi, Doha, Kuwait and Bahrain, among others. According to regulatory filings, Air India has a three per cent stake in Cochin International Airport.
A web portal which once belonged to the Indian embassy in Bahrain has now turned into a porn site.The teen porn website, located at www.indianembassy-bah.com, was used by the Indian embassy before they moved to www.indianembassybahrain.com last year.A spokesperson of the Indian embassy said they simply stopped using the old website after changing to a new administrator. Officials were shocked to discover that the old address was now being used to peddle porn.
Suryanarayana's body will be taken to Hyderabad.
The Almoayed Group is helping in the education of slain engineer Suryanarayana's children
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
The unit of Reliance Communications may raise debt, equity
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