3. Recently, telecom minister A Raja, who is under fire for selling mobile licences and wireless spectrum to a clutch of new operators in 2008 too cheap, held out hopes of a ‘bailout’ for these firms, risking a fresh storm of corruption allegations against him and the government.
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5. Allowing companies to exit without fulfilling their rollout obligations would violate existing regulations, said RP Singh, director-general of audit (post & telecommunications) at CAG, in a letter dated September 15 to the telecom ministry.
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7. “This is possibly the first time that production lines have been halted in a season for a prolonged period because of lack of demand and over supply,” said a beverage industry official, who did not want to be named.
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9. Since the rains have forced people to stay at home, impulse buys of soft drinks through kirana stores have been hit. Companies are now hoping to push sales through modern trade channels, where consumers buy grocery in bulk and less as impulse purchases.
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11. The Ghost has spurred growth for the exclusive marque after the financial crisis depressed sales 17 percent in 2009. Rolls- Royce delivered 1,467 cars through August, already surpassing the record since BMW took over of 1,212 in all of 2008. The company aims to sell at least 2,000 cars in 2010, after delivering 1,002 last year.
12. Bharti adds Huawei to vendor list for 3G Bharti Airtel, India’s largest telecom company by revenue and customers, has ended its dependence on western vendors by awarding China’s Huawei a part of the telecom gear contract to supply 3G equipment. Sweden’s Ericsson and Finland-headquartered Nokia Siemens Networks have been Bharti’s exclusive telecom gear partners in India since early 2000. Ericsson manages Bharti's networks in 15 circles while Nokia Siemens handles the rest. So far, the Indian operator has signed five major outsourcing deals each with these companies. India has 22 telecom circles. The Chinese equipment major will provide 3G equipment to Bharti in 3 circles, an executive aware of the development told ET. Huawei will also manage and maintain Airtel’s networks in these regions, the executive added.
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