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Weekly News
25oct-31oct
Submitted by:
Lakhvir Singh
MBA-2A
BHARTI in talks to exit MF business
 BHARTI is in talks with Bank of India to sell its
25% stake in domestic asset management JV with
AXA investment Managers.
 The AXA group owns 75% on the mutual fund
venture with assets under management of Rs. 510
crores.
Tata Indicom launches Blackberry Bold
9650 for CDMA users
Tata Indicom launched Blackberry Bold 9650, the
first combined CDMA-GSM smart phone.
The smartphone offers global roaming, an optical
trackpad and enhanced wi-fi and GPS capabilities.
For the first two months customers will receive a
free data pack worth Rs.900 per month, as well as
500 MB of tethered modem data usage per month.
Apple beats Blackberry maker RIM in
quarterly smartphone sales
Apple has for the first time outpaced Blackberry-
maker Research in Motion in global smartphone
sales.
Apple sold 14.1 million iPhone units in the third
quarter while Canada's Research in Motion shipped
12.4 million Blackberry devices.
Apple ranked as the fourth largest mobile phone
vendor in the third quarter with Research in Motion
one place behind the US giant.
BlackBerry allows interim data
interception
BlackBerry maker, Research in Motion (RIM), has
temporarily agreed to allow lawful interception by
security agencies of its messenger services.
The government fears that online and mobile
communications are increasingly being used by
terrorists to plan attacks.
There are around one million BlackBerry
subscribers in India.
Cont.
The negotiations between the government
and RIM were deadlocked on the issue as
RIM says it doesn't have a master key in the
system that would allow it or any third party
to gain access to encrypted corporate
information.

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Lakhvir singh 30 oct

  • 2. BHARTI in talks to exit MF business  BHARTI is in talks with Bank of India to sell its 25% stake in domestic asset management JV with AXA investment Managers.  The AXA group owns 75% on the mutual fund venture with assets under management of Rs. 510 crores.
  • 3. Tata Indicom launches Blackberry Bold 9650 for CDMA users Tata Indicom launched Blackberry Bold 9650, the first combined CDMA-GSM smart phone. The smartphone offers global roaming, an optical trackpad and enhanced wi-fi and GPS capabilities. For the first two months customers will receive a free data pack worth Rs.900 per month, as well as 500 MB of tethered modem data usage per month.
  • 4. Apple beats Blackberry maker RIM in quarterly smartphone sales Apple has for the first time outpaced Blackberry- maker Research in Motion in global smartphone sales. Apple sold 14.1 million iPhone units in the third quarter while Canada's Research in Motion shipped 12.4 million Blackberry devices. Apple ranked as the fourth largest mobile phone vendor in the third quarter with Research in Motion one place behind the US giant.
  • 5. BlackBerry allows interim data interception BlackBerry maker, Research in Motion (RIM), has temporarily agreed to allow lawful interception by security agencies of its messenger services. The government fears that online and mobile communications are increasingly being used by terrorists to plan attacks. There are around one million BlackBerry subscribers in India.
  • 6. Cont. The negotiations between the government and RIM were deadlocked on the issue as RIM says it doesn't have a master key in the system that would allow it or any third party to gain access to encrypted corporate information.