Weekly News(13th september-19th september)<br />
Bharti to sell African tower ops to own arm for Rs. 15,000 crore<br />Bharti Airtel will sell mobile phone towers of its A...
Rayat-Bahra Group to open aviation institute in North<br />Company is likely to get into a joint venture with the governme...
Govt may grant airlines’ debt wish<br />DEA says Airlines should be allowed to use External Debt to Repay Domestic Loans.<...
Efforts on strengthen pharma sector to check foreign takeovers<br />The govt is looking policy option to strengthen India’...
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News ppt

  1. 1. Weekly News(13th september-19th september)<br />
  2. 2. Bharti to sell African tower ops to own arm for Rs. 15,000 crore<br />Bharti Airtel will sell mobile phone towers of its African operations to its arm Bharti Infratel, raising badly-needed cash & taking a big step towards replicating the outsourced business model.<br />The deal is expected to be sealed for rs 12000-15000 crore by Dec 2010.<br />Bharti Infratel will in turn raise the money by selling stakes to sovereign and private equity funds and it owned 90% by India’s largest cellphone service provider.<br />Borrowing to funds the acquisition as well as launch of 3G services in India have burdened the company with debt of around rs 65,000 cr.<br />Number of users in Africa fell to 36 million from the 42 million it claimed when the acquisition was announced.<br />Bharti Airtel has started separating the tower business in the 15 African countries and will consolidate them under one overseas company.<br />Bharti Infratel will accquire this company for $ 2.5-3billion.<br />
  3. 3. Rayat-Bahra Group to open aviation institute in North<br />Company is likely to get into a joint venture with the government of Madagascar.<br />Madagascar government has agreed to provide one fully-functional airport with a fleet of 380 aircrafts to give practical training to the budding pilots.<br />Rayat-Bahra group also has ambitious plan to set up Medi-campuses in Mohali and Hoshiarpur at a cost of rs 500 crore in the coming five years. <br />The group presently runs a successful chain of 26 technical and profesional institutes across three campuses at Mohali, Ropar and Hoshiarpur.<br /> Chairman- Gurvinder Singh Bahra<br />
  4. 4. Govt may grant airlines’ debt wish<br />DEA says Airlines should be allowed to use External Debt to Repay Domestic Loans.<br />If committee decides in favour of the airlines, it may have to face the same demand from other sectors.<br />A change in guideline will benefit Jet Airways, Indias largest airline by market sharewhich has sought approval from the RBI or RBI to raise $750 million mostly to refinance its domestic debt to reduce cost of borrowing.<br />According to senior finance ministry official some relaxation in the policy could be done.<br /> DEA –Department of Economic Affairs<br />
  5. 5. Efforts on strengthen pharma sector to check foreign takeovers<br />The govt is looking policy option to strengthen India’s thriving pharmaceutical industry to check growing instances of takeovers by foreign players.<br />The department has commissioned a study to suggest a ways to enhance competitiveness of the domestic industry.<br />DIPP initiated a public debate on whether foreign direct investment flow into the pharmaceutical sectors need to be restricted.<br />The rs 1 lakh crore domestic pharmaceutical industry got a jolt when the country’s largest drug producer Ranbaxy was acquired by Japanese Daiichi Sankyo for $4.6 billion in 2008.<br /> DIPP- Department of Industrial Policy and Promotion<br />

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