Bharti is in talks to sell its 25% stake in its mutual fund joint venture with AXA to Bank of India. Tata Indicom launched the Blackberry Bold 9650, the first CDMA-GSM smartphone for CDMA users, offering global roaming and free data packs for two months. Apple sold more iPhones than Blackberry maker RIM in Q3, with Apple shipping 14.1 million iPhones and RIM shipping 12.4 million Blackberries. RIM has temporarily agreed to allow lawful interception of its messenger services by Indian security agencies, affecting over 1 million Blackberry subscribers in India.

1. Weekly News
25oct-31oct
Submitted by:
Lakhvir Singh
MBA-2A

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.