Weekend news 5
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- Global private equity firm 3i Group will invest $150 million in the road business of Hyderabad-based construction company Soma Enterprises. - Chinese telecom equipment supplier ZTE has secured a $200 million contract from Reliance Communications to supply 3G and 2G gear in eight circles. - Finance Ministry has told banks to ensure that microfinance institutions they finance do not charge borrowers interest rates above 24% for loans.
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Weekend news 5
Bharti Airtel has ended its dependence on western vendors by awarding a contract to supply 3G equipment to China's Huawei. It had chosen Ericsson, Nokia Siemens Networks, and Huawei as network partners to launch 3G services in India. Bharti Airtel had acquired 3G spectrum in 13 circles allowing it to offer services like video calling and fast internet. Global private equity firm 3i will invest $150 million in road construction company Soma Enterprises. ZTE, a Chinese telecom equipment supplier, won a $200 million contract from RCOM to supply 2G and 3G gear in eight circles.
Weekend news 3
The summary is:
- Foreign tourist arrivals in India declined in August ahead of the Commonwealth Games compared to July, dampening hotel bookings and rates in host cities.
- The Bombay High Court dismissed Vodafone's appeal against a Rs. 12,000 crore tax demand on its $11 billion acquisition of Hutchison Telecom in India.
- Axis Bank launched an instant money transfer service for migrant workers and students that does not require the beneficiary to have a bank account.
Weekly news.pptx 5 sept
- ZTE Corp won a 300-crore contract from Bharat Sanchar Nigam Ltd to supply WiMax systems for broadband rollout after Huawei clinched a 3G network contract from Tata Teleservices.
- The Union home ministry had warned that foreign telecom equipment vendors, especially Chinese ones like Huawei and ZTE, could install spyware and malware on networks.
- Leading fashion retail chain Max aims to establish 60 stores in India by 2010-2011, launching its first store in Bhopal, Madhya Pradesh.
Sify business 4 June 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN reiterated that it is not currently in discussions with Reliance.
The Peninsula 4 June 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN says it is not currently in discussions with Reliance.
Liquid africa 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
VC Circle 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
Zee news 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
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Weekend news 5
Bharti Airtel has ended its dependence on western vendors by awarding a contract to supply 3G equipment to China's Huawei. It had chosen Ericsson, Nokia Siemens Networks, and Huawei as network partners to launch 3G services in India. Bharti Airtel had acquired 3G spectrum in 13 circles allowing it to offer services like video calling and fast internet. Global private equity firm 3i will invest $150 million in road construction company Soma Enterprises. ZTE, a Chinese telecom equipment supplier, won a $200 million contract from RCOM to supply 2G and 3G gear in eight circles.
Weekend news 3
The summary is:
- Foreign tourist arrivals in India declined in August ahead of the Commonwealth Games compared to July, dampening hotel bookings and rates in host cities.
- The Bombay High Court dismissed Vodafone's appeal against a Rs. 12,000 crore tax demand on its $11 billion acquisition of Hutchison Telecom in India.
- Axis Bank launched an instant money transfer service for migrant workers and students that does not require the beneficiary to have a bank account.
Weekly news.pptx 5 sept
- ZTE Corp won a 300-crore contract from Bharat Sanchar Nigam Ltd to supply WiMax systems for broadband rollout after Huawei clinched a 3G network contract from Tata Teleservices.
- The Union home ministry had warned that foreign telecom equipment vendors, especially Chinese ones like Huawei and ZTE, could install spyware and malware on networks.
- Leading fashion retail chain Max aims to establish 60 stores in India by 2010-2011, launching its first store in Bhopal, Madhya Pradesh.
Sify business 4 June 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN reiterated that it is not currently in discussions with Reliance.
The Peninsula 4 June 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN says it is not currently in discussions with Reliance.
Liquid africa 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
VC Circle 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
Zee news 4 June 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
Express buzz 4 june 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
Yahoo finance 4 june 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN says it is not currently in discussions with Reliance.
Weekend news neelam
Tata DoCoMo launches 3G services in Maharashtra with speeds up to 21.1 mbps and HD voice calling. They announced affordable plans priced between Rs. 750 to Rs. 2000 with various call minutes. Vodafone is in talks with foreign banks for a counter guarantee of Rs. 8500 crore as most Indian banks don't want to increase lending to the telecom sector. The NPCI launched an instant mobile fund transfer service called IMPS that allows customers to transfer money between banks through their mobile phones. Six banks have already signed up for the service.
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Weekend news
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2) The iconic Indian skincare and oral care brand Vicco is up for sale as its parent company is seeking a buyer.
3) The Indian Supreme Court ordered Vodafone to pay $554 million in taxes for its 2007 acquisition of an Indian telecom operator, though Vodafone maintains it does not owe taxes for an offshore deal.
4) Dabur India acquired the US hair care company Namaste Laboratories for $100 million to expand in Africa.
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A media report claimed that India bribed 72 Commonwealth countries $100,000 each to win the hosting rights for the 2010 Delhi Commonwealth Games. Australia allegedly received a $125,000 kickback.
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- The Reserve Bank of India has moved to deregulate the interest rate on savings accounts, allowing banks to set the rate based on their need for funds rather than the current mandated 3.5% rate. Fully freeing rates could lead to decreases in some areas but increases in others.
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Telecommunications
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Bramma August 1st week news
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Express buzz 4 june 2010
"Nobody knows whether any of the deals would happen or not, but certainly windows of opportunity are open for Anil Ambani," said Jagannadham Thunuguntla, equity head at SMC Capitals in New Delhi, referring to Reliance Comm's billionaire chairman.
Yahoo finance 4 june 2010
MTN denies that it is in talks with Reliance Communications regarding a potential merger. While Reliance's stock rose on speculation that it may sell a stake or merge with a foreign telecom company, an MTN spokeswoman stated that the rumors were untrue. Reliance is seeking funding to invest in its network and pay down debt, making it an attractive target for companies like Etisalat and MTN. However, MTN says it is not currently in discussions with Reliance.
Weekend news neelam
Tata DoCoMo launches 3G services in Maharashtra with speeds up to 21.1 mbps and HD voice calling. They announced affordable plans priced between Rs. 750 to Rs. 2000 with various call minutes. Vodafone is in talks with foreign banks for a counter guarantee of Rs. 8500 crore as most Indian banks don't want to increase lending to the telecom sector. The NPCI launched an instant mobile fund transfer service called IMPS that allows customers to transfer money between banks through their mobile phones. Six banks have already signed up for the service.
Weekly news from 20 26 sept
1) RIM's Blackberry may avoid a ban in India by agreeing to manually intercept its Blackberry Messenger service, which has satisfied officials, though a final solution on access to BBM and BES may take 3-4 months.
2) Satyam will delist from the NYSE in October due to non-compliance and likely missing its deadline to report financial results for 2009, as it works towards a merger with parent Tech Mahindra after announcing restated 2009-2010 results.
3) A report projects that the Tata Nano will become India's second best selling car by 2011, replacing the Hyundai i10 in that spot, while the Maruti Alto and Wagon
Weekly news 13th sept to 18th sept
Vishal retail will sell its retail business to Shriram Group for Rs. 100 crore and its wholesale division to TPG. HP agreed to buy security software company ArcSight for $1.5 billion to expand its portfolio beyond computers. Metro Cash & Carry, a German retailer, will open wholesale distribution centers in Punjab by mid-2011 and two more by the end of 2011, creating over 1,000 jobs.
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Vodafone is seeking backing from foreign banks to provide a counter-guarantee to an Indian nationalized bank for a loan of 8500 crore rupees. This comes after a Supreme Court order requiring Vodafone to deposit 2500 crore rupees in cash and provide a bank guarantee from a nationalized bank. Indian banks have significant exposure to the telecom sector and do not want to increase lending, but a foreign bank counter-guarantee would shift the credit risk. DoCoMo launched 3G services in Maharashtra with plans priced between 750-5000 rupees offering various call minutes. The National Payments Corporation of India unveiled an instant mobile funds transfer service allowing customers to transfer
Weekly news 5
Mahindra Satyam will delist from the NYSE after realizing it cannot meet financial reporting deadlines under US accounting standards, triggering a 26% fall in its ADRs. A report claims India bribed 72 Commonwealth countries to host the 2010 Delhi Commonwealth Games. Tata Motors will launch the Aria crossover within a month, expected to be priced around 10 lakh rupees to compete with the Toyota Innova and Mahindra Xylo.
PM, take Mumbai airport as a test case for coming clean on crony capitalism
The document discusses crony capitalism in India's public-private partnership model, using the Mumbai airport project as a case study. It notes that while Prime Minister Manmohan Singh praised PPP projects, the Mumbai airport project benefited GVK Reddy's company, MIAL, through several post-bid concessions like development fees, sovereign guarantees, and securing future revenues - advantages other bidders did not have. These actions distorted fair competition and enriched crony capitalists. The document questions if Singh is truly unaware of the tactics used in PPP projects or has known about cronyism all along.
This week et news
Samsung raises its 2010 smartphone sales target to 25 million units from 18 million due to the popularity of its Galaxy S Android-based smartphone. It does not plan to introduce new models this year, hoping Galaxy S sales remain strong. The new direct tax code could significantly increase the number of global Indians subject to tax in India by changing the rules around tax residency and eliminating a loophole. It is expected to take effect on April 1, 2012. Indian IT companies oppose a proposed increase in visa fees for H1B and L1 visas, which they say would increase their costs by $200-250 million per year as most have more than half foreign workers.
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The document discusses several topics:
1) The Indian government handed over control of the telecommunications department to another minister amid the ongoing 2G spectrum corruption scandal.
2) The iconic Indian skincare and oral care brand Vicco is up for sale as its parent company is seeking a buyer.
3) The Indian Supreme Court ordered Vodafone to pay $554 million in taxes for its 2007 acquisition of an Indian telecom operator, though Vodafone maintains it does not owe taxes for an offshore deal.
4) Dabur India acquired the US hair care company Namaste Laboratories for $100 million to expand in Africa.
General News 5
Kingfisher Airlines owes BPCL Rs 245 crore for aviation fuel purchases. Though BPCL stopped providing fuel on credit, Kingfisher is no longer buying from BPCL. BPCL has expanded its aviation fuel outlets to 30 airports across India.
The Direct Tax Code has been deferred again until April 2012, disappointing taxpayers. Preferential treatment for women taxpayers will be withdrawn, while senior citizens will receive a higher exemption limit. The bill seeks to increase individual exemption thresholds to Rs. 2 lakh and lower the corporate tax rate to a flat 30%.
Tata Motors will launch the Aria, a crossover vehicle between a multi-utility and SUV, within a month. Priced around Rs. 10 lakh,
Weekly news 5
Mahindra Satyam will delist from the NYSE after realizing it cannot meet financial reporting deadlines. This caused a 26% drop in its ADRs and a 6% drop in its domestic shares.
A media report claimed that India bribed 72 Commonwealth countries $100,000 each to win the hosting rights for the 2010 Delhi Commonwealth Games. Australia allegedly received a $125,000 kickback.
Tata Motors will launch the Aria, a crossover vehicle built by Indian engineers, within a month. It is expected to be priced around Rs. 10 lakh and will compete with the Toyota Innova and Mahindra Xylo.
Security agencies have approved of BlackBerry maker
new version of airtel (Re branding)
Bharti Airtel Limited is an Indian telecommunications services company headquartered in New Delhi, India. It is the largest provider of mobile services and second largest provider of fixed telephony in India. Airtel operates GSM networks providing 2G, 3G, and 4G services across its countries of operation. It has over 183 million subscribers in India, giving it a market share of around 20% in the country. Major competitors of Airtel include Idea Cellular, Reliance Communications, and Tata Teleservices.
Et new
- Banks' margins are likely to slip by 2020 as wholesale debt markets deepen and corporate customers access these markets directly. Infrastructure assets on banks' books are estimated to reach 20-25 trillion rupees. State-run banks are expected to see greater margin squeezes than private or foreign banks.
- The Reserve Bank of India has moved to deregulate the interest rate on savings accounts, allowing banks to set the rate based on their need for funds rather than the current mandated 3.5% rate. Fully freeing rates could lead to decreases in some areas but increases in others.
- Amway India plans to set up a second manufacturing facility in South India to produce more of its over 115 nutrition,
Business News 2015
ICICI Bank launched an online money transfer service called 'Money2World' that allows non-ICICI account holders to transfer up to $25,000 annually to overseas bank accounts in 16 currencies. Zoomcar, a car rental company, plans to expand its electric vehicle fleet from 150 to 500 cars in 2016 and significantly more in 2017 through partnerships with Mahindra and Tesla for manufacturing and energy storage. The CBI found that KFA misused loans from banks like IDBI that were meant for its liquor business, and took loans from overseas banks through tax havens like Cayman Islands and Mauritius. SEBI banned Vaastav ALR International and Bharat KrishiSamridhi Industries along
Telecommunications
The Indian telecommunications industry saw consistent growth over the last year due to network expansion and increased focus on value-added services. The total telephone subscriber base reached over 742 million as of October 2010, with wireless subscribers totaling over 706 million. Value-added services are a growing market worth $2.45-2.67 billion and accounting for 10% of wireless industry revenue. Major investments in and mergers within the telecom sector reached $16.6 billion between April-December 2010. Indian telecom companies are also expanding globally, with Bharti Airtel acquiring operations in 15 African countries for $10.7 billion.
Andhra vilas 20 may 2010 all telecom stocks in green a day after 3_g auction
All telecom stocks traded higher the day after India's 3G auction concluded, though analysts remained concerned about the companies' ability to pay the large licensing fees. The top three bidders - Bharti Airtel, Reliance Communications, and Idea Cellular - saw their stock prices rise between 0.9-1.8% as their shares were up in early trading. However, analysts said the price paid for spectrum licenses was much higher than expected and would add financial pressure on telecom operators already facing falling average revenue per user and price wars. The $15 billion total raised also raised expectations of sector consolidation as some players may not be able to sustain the costs.
Bramma August 1st week news
- BSNL is seeking spectrum in the 700MHz band from the DoT to launch 4G and future 5G services, while partnering with ZTE.
- The proposed merger between Max Life and HDFC Life has been called off.
- The merger deal between RCom and Aircel faces uncertainty as the DoT sets the Supreme Court's approval as a condition.
- Over 5 lakh businesses have opted for the GST composition scheme so far.
- Tata companies have used their annual reports to deny allegations made by former chairman Cyrus Mistry.
PGC NEWSLETTER 28th March 2014
The PGC newsletter provides updates on economics, corporate law, RBI/tax law, and markets. In economics news, MCX plans to change norms to allow transfer of shares of shareholders declared unfit to an escrow account. The FMC has permitted closure of applications on the scam-hit National Spot Exchange. In corporate law, bondholders of Geodesic filed a complaint alleging Rs. 1,200 crore cash mismanagement, and the Ministry of Corporate Affairs notified rules under the Companies Act 2013. Indian Hotels plans to raise up to Rs. 1,000 crore from shareholders through rights issue. In RBI/tax law, RBI gave banks another year to implement Basel III regulations, now by March 2019
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PM, take Mumbai airport as a test case for coming clean on crony capitalism
PM, take Mumbai airport as a test case for coming clean on crony capitalism
Andhra vilas 20 may 2010 all telecom stocks in green a day after 3_g auction
Andhra vilas 20 may 2010 all telecom stocks in green a day after 3_g auction
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This document discusses continuous professional development (CPD) for information professionals on a limited budget. It outlines various low or no-cost CPD activities that can be done, such as online learning, personal study of books and journals, participating in professional organizations, and on-the-job learning through mentoring, job shadowing and projects. It stresses the importance of reflecting on learning activities to improve skills and further professional goals.
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Invitation for Spark Programme on 10th November, 2012
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Training and developing on a shoestring web version
Training and developing on a shoestring web version
Similar to Weekend news 5
Weekend news 5
Bharti Airtel has ended its dependence on western vendors by awarding a contract to supply 3G equipment to China's Huawei. It had chosen Ericsson, Nokia Siemens Networks, and Huawei as network partners to launch 3G services in India. Bharti Airtel had acquired 3G airwaves allowing it to offer services like video conferencing in 13 circles for around Rs.12,300 crore. Global private equity firm 3i group will invest $150 million in road business of Soma Enterprises. ZTE bagged two contracts worth Rs.1220 crore from RCOM to supply 3G and 2G gear in eight circles.
Et news
Nomura Singapore predicts imminent divestment of assets in the Indian telecom sector as companies face intense competition and high capital expenditure requirements. Privately held telecom operators recently paid 51,000 crore rupees for 3G bandwidth after an auction in May. Since 2009, major tower deals include the sale of Aircel's towers and a merger between Tata Teleservices and Quippo Telecom.
News
The document provides a summary of top news stories from the week of September 20th to 26th. It includes:
1) Banks being told by the Finance Ministry to ensure MFIs don't charge borrowers interest rates over 24% for loans.
2) Maruti Suzuki reappointing Shinzo Nakanishi as Managing Director and CEO for three more years.
3) PE firms Sandstone Capital and Sequoia Capital acquiring a minority stake of less than 10% in smartphone maker Micromax in a Rs. 200 crore deal ahead of their planned IPO.
Weekly newsletter
The Reserve Bank of India has provided $800 million in refinancing to the Small Industrial Development Bank of India to ease liquidity stress for small businesses. New merger and acquisition guidelines for telecom companies make it easier for large players to acquire smaller rivals. The Piramal Group and Canada Pension Plan may partner to create one of India's largest real estate finance companies with a $500 million investment. Accel-backed Trivone Digital has acquired Godot Media to expand its digital content services offerings.
Weekly news
Gold prices are expected to reach Rs 22,000 per 10 grams by the end of the year as mutual funds may shift investments to gold due to stock market uncertainty. Vineet Nayyar will take over operational responsibilities as CEO Kalra resigns at a critical time for Tech Mahindra. Tech Mahindra's revenues are under pressure as its largest client BT scales back and other telecom clients face challenges. India will host its first Formula 1 Grand Prix on October 30, 2011 in New Delhi. Reliance Communications is in discussions with global companies like Motorola and HP to partner for its 3G mobile infrastructure and innovation lab.
Neelam
India's mobile subscriber base grew to over 650 million in July, with wireless teledensity reaching 55.14%. Reliance Communication added 2.5 million subscribers. Broadband subscribers increased 2.67% to 9.77 million. Major telecom operators spent heavily on 3G spectrum but profitability may be hindered by lack of significant high-paying 3G users. Mercedes-Benz India saw over two-fold sales growth in August. Maruti Suzuki plans a Rs. 1925 crore investment in a new plant to increase production by 2.5 lakh cars by 2013.
6th weekly news
Tech Mahindra plans to announce its merger with Satyam in the next 2-3 weeks pending court approval and the release of Satyam's restated financial results. Kingfisher Airlines appointed Sanjay Aggarwal as its new CEO to turn around the struggling airline which had accumulated debts of Rs. 6,000 crore and losses of Rs. 1,647 crore in FY2010. Ferrari plans to start operations in India from January 2011 as it prepares to report near-record results for 2010 and looks to expand into new markets like India and China. Reliance Communications became the first private operator to demonstrate its 3G network capabilities by streaming a live TV broadcast on a mobile phone at its AGM.
Weekly Indian Economy Review
The document provides a summary of top business news headlines from India. Some of the key stories included Eredene Capital making a partial exit from Sattva CFS, Gati seeking debt restructuring of over Rs. 300 crore, various retailers like Future Group and Lifestyle reporting high sales during Republic Day discounts, Facebook hiring Morgan Stanley to work on its upcoming IPO, Sai Security Printers receiving $7 million in funding from Aureos Capital, and the Supreme Court cancelling 122 telecom licenses issued after January 2008.
Afaqs 7 June 2010
"It will be tough to calculate, as the deal value will be highly negotiable. It will be interesting to
see the deal terms, as telecom is not on top of the list of investors and the sector has been going
through a lot of pain," said Jagannadham Thunuguntla, Equity Head at SMC Capital, a
brokerage firm.
Rediff Business 7 June 2010
RCom's board approved the sale of up to 26% stake in the company to a strategic or private equity investor. This opens up possibilities for RCom, including partnerships with companies like Etisalat. Analysts say RCom needs fresh capital to fund its 3G and WiMax expansion plans and help reduce its large debt load. A 26% stake sale based on current market value could generate over $2 billion.
Weekend News
The document summarizes various economic news from India:
- 16 Indian companies were named in Forbes' Asia Pacific's 50 biggest companies list, including Infosys, TCS, ITC and Mahindra & Mahindra. India and China accounted for 32 of the 50 companies.
- Axis Bank saw a 29% rise in revenues and 57% rise in profits. It plans to add 200 more branches.
- GE plans to set up a new $50 million manufacturing plant in India and hire 3,000 people for its technology centre.
- ATM transactions nearly doubled from January to August as the number of ATMs increased.
Tata Docomo Report
Tata Docomo is a cellular service provider in India operating on the GSM platform as a result of a strategic joint venture between Tata Teleservices and Japanese telecom company NTT Docomo. The document provides an overview of Tata Docomo, including its vision, services offered, areas of operation, and partnership with NTT Docomo to introduce advanced technologies and services to India. Key responsibilities during the internship included understanding Tata Docomo's unique customer service model and activities to improve customer satisfaction.
WEEKLY NEWS (Punjab collegeof technical education,Ludhinana)
The United Stock Exchange of India (USE) will begin offering currency futures contracts, competing with the NSE and MCX-SX exchanges. Bharti Airtel awarded contracts to Ericsson, Nokia Siemens Networks, and Huawei Technologies to build out its 3G network infrastructure. BMW India is considering entering the luxury motorcycle market in India within the next couple months. ICICI Investment Management raised $50 million for its Emerging India Fund, a private equity fund targeting $100 million total.
Economic Times
Banks' margins may slip by 2020 as wholesale markets deepen and corporates access them directly. Infrastructure loans will occupy a larger share of banks' balance sheets. State-run banks see greater risk of margin squeeze than private or foreign banks. The RBI has moved to deregulate interest rates on savings accounts, allowing banks to set rates based on needs rather than the current 3.5% mandate. Amway India plans a second manufacturing facility in South India to supplement production by its current vendor, Sarvotham Care. Marico is looking to acquire more brands in Asia and Africa as part of its expansion plans. BSNL is ready for mobile number portability by October 31 and will lay optic fibre cables connecting Ag
Economic Times
Banks' margins may slip by 2020 as wholesale markets deepen and corporates access them directly. Infrastructure lending will occupy a larger share of bank balance sheets. State-run banks see greater risk of margin squeeze than private or foreign banks. The RBI has moved to deregulate interest rates on savings accounts, allowing banks to set rates based on needs rather than the current 3.5% mandate. Amway India plans a second manufacturing facility in South India to supplement production by its current vendor, Sarvotham Care. Marico is looking to acquire more brands in Asia and Africa as part of its expansion plans. BSNL is ready for mobile number portability by October 31 and will lay optic fibre cables connecting Agart
Weekly newsletter
The document summarizes recent economic and business news headlines from India. It discusses Loop Telecom's plans to wind down operations in areas where it lost licenses, the resolution of a legal battle between SEBI and MCX exchange, and Mahindra & Mahindra's plans to develop a hybrid vehicle for the Indian market. It also mentions the financial restructuring approved for Air India and recent industrial production numbers, which showed sluggish growth.
Newsletter dated 20th June,2015
The document provides biographical information about Venugopal Dhoot, the chairman of Videocon Industries Ltd. It details his educational background and role in founding and expanding the Videocon group of companies into a global conglomerate involved in consumer electronics, oil and gas exploration, power generation, and telecommunications. It notes that under Dhoot's leadership, Videocon aims to become a Fortune 500 company within five years by further growing its energy, electronics, and telecom businesses both domestically and internationally. The document also briefly outlines some of Dhoot's career achievements and awards.
News of the month november till 22nd
Reliance Communications plans to raise $500 million by selling bonds to European investors through Deutsche Bank. The funds will be used to pay upcoming debt obligations, including $200 million in convertible bonds due in May 2011. RCOM has a total of $1.8 billion in foreign currency convertible bonds maturing in 2012. The company has faced falling profits in recent quarters and failed attempts to sell assets.
Et
The document contains summaries of various news articles. It discusses real estate market conditions improving for home buyers to get deals, IT companies creating wealth for employees and shareholders, the new direct tax code potentially bringing more NRIs under tax net, a survey finding 59% professionals may quit due to lack of promotions, plans by Maruti, Tata and Skoda to enter the MUV segment, criticism of CWG preparations by shuttler Saina Nehwal, negative foreign media coverage of CWG over dengue outbreak and delays, the opening of a new Delhi Metro line, consumers failing to connect with celebrity brands endorsers, penalties for six telcos over delayed services rollout, and Panasonic's plans to invest Rs.
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Micromax is one of the leading Indian mobile phone manufacturers with headquarters in Gurgaon, India. It started manufacturing phones in 2010 and has grown rapidly, establishing 23 domestic offices and international offices in several countries. Micromax offers a wide range of affordable phones and was the first company to introduce phones with long battery life, dual SIM cards, and other innovative features. It focuses on rural areas for most of its sales. To support its growth, Micromax plans to expand its distribution network and service centers.
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WEEKLY NEWS (Punjab collegeof technical education,Ludhinana)
WEEKLY NEWS (Punjab collegeof technical education,Ludhinana)
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Weekend news
The next Google phone will have a near-field communication chip allowing it to function as a mobile wallet and enable "tap and pay" transactions, according to Google CEO Eric Schmidt. Schmidt demonstrated an unannounced touchscreen smartphone from Google that has this capability, saying mobile devices will soon replace credit cards for many transactions through "bump payments".
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Apple sold more iPhones than Blackberry devices in the third quarter, with sales of 14.1 million iPhones compared to 12.4 million Blackberries. Research in Motion, the maker of Blackberry, ranks behind Apple as the fifth largest mobile phone vendor. The Indian government has also reached a temporary agreement with RIM to allow lawful interception of its messenger services due to security concerns about encrypted communications enabling terrorist attacks.
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The document analyzes investment options among investors in Ludhiana between ULIPs (Unit Linked Insurance Plans) and mutual funds. A survey of 100 investors found that awareness of mutual funds was higher than ULIPs. High income investors and those who refer to brokers were more likely to invest. Open-ended and closed funds were most popular. Insurance benefits and tax breaks drove ULIP investment, while capital appreciation motivated mutual fund investment. Mutual funds were preferred due to greater liquidity and flexibility. Investors expected higher returns from mutual funds than ULIPs. Most wanted to invest for the same tenures in both. Recent ULIP controversies may boost future demand for mutual funds.
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Motorola Co-CEO Sanjay Jha was listed among the 25 most overpaid CEOs of 2009 according to a US advisory firm. Yahoo CEO Carol Bartz topped the list.
A deal for SpiceJet promoter Bhupendra Kansagra to sell a 7.7% stake in the airline to media baron Kalanithi Maran was challenged in US courts by some of Kansagra's business associates.
Hindustan Aeronautics will play a critical role in the design and development of India's Fifth Generation Fighter Aircraft, despite initial expectations that the Russians had solely developed prototypes for the new plane since 1999.
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Motorola Co-CEO Sanjay Jha was listed among the 25 most overpaid CEOs of 2009 according to a US advisory firm. Yahoo CEO Carol Bartz topped the list.
A deal for SpiceJet promoter Bhupendra Kansagra to sell a 7.7% stake in the airline to media baron Kalanithi Maran was challenged in US courts by some of Kansagra's business associates.
Hindustan Aeronautics will play a critical role in the design and development of India's Fifth Generation Fighter Aircraft, despite initial expectations that the Russians had solely developed prototypes for the new plane since 1999.
Et news maninder
Tata Communication Ltd is close to acquiring Suntel Ltd, the second largest fixed line telecom provider in Sri Lanka with a 20.5% market share. The key reason for the acquisition is for Tata to enter the outbound voice and data traffic business in Sri Lanka as Suntel is currently focused on inbound voice. Mobile operator Aircel and hospital chain Apollo have partnered to launch telehealth consultancy services in Chennai, allowing remote video consultations with doctors and telemedicine services.
Maninder resume
Maninder Kaur Vadhrah is seeking an opportunity in the financial domain with a growing company. She has strong academics and interpersonal skills, is dedicated and hardworking. She is currently pursuing her MBA from Punjab College of Technical Education and has prior work experience from internships at HSBC and Reebok.
Maninder final summer training project
This document is a project report comparing ULIPs (Unit Linked Insurance Plans) and mutual funds as investment options. It includes an introduction, acknowledgements, abstract, and various sections like introduction to the HSBC group and its companies in India. The report was submitted as part of an MBA course requirement and involved collecting data through a questionnaire from 100 customers to analyze and determine which investment option is more suitable for investors.
Weekend news 4
RBI raised interest rates to combat high inflation as food inflation jumped to 15.1%. The Rs 8000-crore IPO of Power Grid Corporation of India will hit the market in November, aiming to raise Rs 4000 crore for expansion plans. Mercedes Benz India's managing director Wilfried Aulbur resigned after 5 years to pursue a new career outside the automobile sector.
Weekend news 2
Mobile trading is set to launch soon in India allowing stock brokers to provide securities trading using wireless technology. The same unique identification number used for internet trading can be used for mobile trading. Mobile trading will help increase the investor base over the long run. SEBI has also cleared smart order routing for all investors, which will help them get the best prices for buying and selling shares by determining the best exchange prices at any given time. Panasonic plans to invest Rs. 1400 crore over the next 3 years in India to establish itself as a leader in home appliances by setting up a new tech park.
Weekend news
- Dabba trading in commodities like agri, gold, and metals causes huge losses for the NCDEX exchange as it allows brokers to execute trades outside the exchange, avoiding fees.
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Weekend news 5
- 1. Weekend News-5 Presented By- ManinderVadhrah
- 3. London-based 3i’s infrastructure fund will invest the large part of the money in Soma Enterprises.3i to invest $150 million in Soma Enterprises
- 5. ZTE has clinched a near $200-m(920 crore approx) contract from RCOM to supply a mix of 3G and 2G gear in eight circles.
- 8. Semi closed wallet are prepaid payment instruments that are redeemable at a group of clearly identified merchant.
- 9. RBI’s move to approve Semi closed Wallet will be the first step towards democritisation of mobile commerce in the country.Airtel users may get to pay bills up to Rs.5000 via mobiles.
- 11. The Microfinance Institutions network estimates the outstanding loan portfolio of MFIs at Rs.35,000 crore.
- 12. It is estimated that nearly half of this resource raised by MFIs is provided by banks.Banks told to ensure MFIs don’t charge high rates
- 14. MCC Group is working on tying up with agri retail chains to tap the upcountry markets.
- 15. The dwindling tariffs due to paise per second tariffs are boosting the demand for the entry level mobile sets.New mobile cos enter Rs.700-cr Handset market.
- 17. In a filing to the Bombay Stock Exchange, the company said that pursuant to a circular on September 21, Nakanishi has been re-appointed for a further period of three years.