Mobile Telecommunications Company (Zain), the third largest telecom operator in West Asia and a leading operator in Africa, has initiated talks with several Indian telecom service providers to buy stakes.
The Zain deal raises much speculation about Arifuddin's money and clout. Who is backing him? What is his relationship with politicians? Is he merely a front man for big players in telecom?
In one of the largest deals in West Asia, a consortium of Indian telecom firms led by Delhi-based Vavasi Group, which also hopes to rope in state-owned Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) and a Malaysian investor, will acquire a 46 per cent stake in Kuwaiti telecom company Zain for around $13.7 billion.MTNL and BSNL said they would like to clarify that no view has been taken regarding their participation in the consortium.
Not too much is known about the middle-aged Arifuddin who is Vavasi's major shareholder, except for the fact that he is a civil engineer from Karnataka and started the group around a decade ago.
After a long wait, Hari Puttar -- seemingly inspired from the blockbuster Harry Potter franchise -- is out. Instead of Daniel Radcliffe, you will meet Zain Khan here. The film also stars Sarika, Jackie Shroff, Sweeni Khera, Sourabh Shukla and Vijay Raaz.
Hari Puttar is an exuberant, hilarious film, directed by Lucky Kohli. Though the similarity from Hollywood's blockbuster Home Alone is impossible to miss, you'll probably forgive the makers in favour of the constant laughs the film provides.
'Although on a daily basis it might be difficult to deal with it, I know at a larger level, I know that she's really good for me.'
Will these contestants dance into your screen when the show starts later this month?
Pakistan made Hong Kong realise the gruels of top-level international cricket, handing them a crushing 155-run defeat in a Group B match of the Asia Cup at National stadium in Karachi on Tuesday night.
Say hello to Bollywood's new talent Samiera, Ibrahim and Kaveri!
Chain Kulii Ki Main Kulii, starring Rahul Bose and Zain Khan, is a cute story about kids, cricket and a magic bat.
Morgan Stanley Real Estate, the realty arm of global financial services firm Morgan Stanley, on Wednesday said it plans to invest $1 billion (Rs 4,600 crore) in next 4-5 years in India.
It is time we pre-empt Pakistan and the separatists by fast tracking normalcy, advises Colonel Anil A Athale (retd).
Take a few style tips from Bollywood!
A teenaged netizen, for whom online chatting with women had become an obsession, was arrested by the Mumbai police for kidnapping a three-year-old child from suburban Kurla to raise money for paying Internet bills and giving gifts to chat partners.
Do they make you go weak at the knees?
Onir has got what it needs to make sensible, thought-provoking, entertaining cinema, feels Prasanna D Zore.
A woman alleged multiple instances of sexual, mental and emotional abuse by Sajid Khan where he allegedly forced her to send him photos of herself in a bikini, called her late into the night under the pretence of work.
'.. if the cost is its own survival,' says Colonel Anil A Athale (retd).
Celebrating the brother-sister bond.
Just before the 2008 financial crisis made headlines, Indian companies were on a global buying spree. In the fifth part of the series, Dev Chatterjee and Krishna Kant discuss how the crisis came as a black swan event for some, changing the mood from exuberance to despair.
Budget 2014-15 has done away with the tax sunset clause of March 2014.
'You must always feel the need to do something different, something new.' 'I don't think I should be content.'
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Two years ago, the number was 4,000, according to Indian businessmen.
The rebels in Syria, who lack the resources of Assad's government forces, have had to improvise and build their own bombs, missiles and mortar shells.
Airtel acquired African telecom operator Zain in 2010 for $10.7 billion.
A summary of sports events and sports persons, who made news on Monday
Bharti'suarterly revenue run rate continues to be hover around the $1.2 billion mar
Tata Steel, others sell assets abroad after taking massive impairments.
Bankers say it's a question of survival for debt-heavy companies.
In the upcoming Super Nani, 59-year-old Rekha transforms into a glamorous grand mom.
Vodafone Plc and its ex-shareholders have suffered due to the delay in an Initial Public Offer (IPO) of its Indian unit.
Liability goes up by Rs 1,000 cr for every Rs 1 change in $ exchange rate
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