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November 19, 2010 by | No Comments
A government panel will decide on raising the cap on foreign direct investments in multi-brand retail sector in two months, junior trade minister Jyotiraditya Scindia said on Friday. India does not allow FDI in multi-brand retail as it has faced severe political opposition in the country due to concerns over job losses to small traders. [...]
November 19, 2010 by | No Comments
The Orissa government will form a committee to examine issues related to lending by microfinance companies to poor borrowers, a senior government official said on Friday. “We are receiving complaints that some microfinance institutions are charging 30% to 40% interest,” said R.K. Mishra, director of institutional finance in the Orissa government. “Some are even charging [...]
November 19, 2010 by | No Comments
As a result of the apparent fallout of A Raja’s ouster, Telecom Regulatory Authority of India or TRAI has tightened the noose around the Department of Telecom (DoT). Apart from issuing guidelines to DoT, the telecom regulator has also decided to check the credentials of the 2G roll out of operators like Idea Cellular and [...]
September 17, 2010 by | No Comments
Bharti Airtel and IBM have joined forces to transform the emerging African mobile communications market and fuel economic development across the continent. The 10-year agreement in principle will extend innovative relationship that began in 2004. IBM will handle IT for Bharti Airtel’s 16 operations in Africa. This is a first of its kind transaction in [...]
September 17, 2010 by | No Comments
After their success in the residential property space, real estate bigwig DLF is now likely to launch its first commercial project, reports CNBC-TV18 quoting sources. The project which is likely to garner over Rs 1500 crore will be launched shortly in Gurgaon and will have a total saleable area of 1.2 m square feet. The [...]
August 20, 2010 by | No Comments
So-Net, the Internet unit of Japan’s Sony Corp, is among the parties interested in buying a Taiwan cable TV firm being sold by private equity firm MBK Partners, an official at the cable firm said on Thursday. Earlier Taiwan’s Commercial Times newspaper said that So-Net was offering T$6 billion (USD 188 million) to buy the [...]
August 20, 2010 by | No Comments
Mobile phone handset maker Micromax Ltd has shortlisted Citigroup, Edelweiss and JM Financial for an initial public offering to raise as much as USD 150 million, two sources with direct knowledge said on Thursday. The share offering could be launched towards the end of this year and the documents to seek the market regulator’s approval [...]
August 20, 2010 by | No Comments
Chip maker Intel Corp said Thursday it agreed to buy security technology firm McAfee Inc for about USD 7.68 billion in cash in an effort to boost its security offerings. Under the terms of the deal, Intel said it would pay USD 48 per share in cash for McAfee, which would become a wholly owned [...]
August 20, 2010 by | No Comments
The GVK Group has big plans for Bengaluru international airport. And it all begins with an investment of Rs 1,000 crore, reports CNBC-TV18 Vineeta Athrey. Bengaluru International Airport is all set to get a makeover as the GVK Group expands the airport’s terminal 1 over the next 18 months. This Rs 1,000 crore facelift comes [...]
August 20, 2010 by | No Comments
Gati Corp is demerging its shipping business into a wholly-owned subsidiary confirms Managing Director and Chief Executive Officer Mahendra Agarwal. It is also looking at roping in a strategic or financial partner in the newly hived-off entity along with divesting 26% stake in the same. “The demerger process may take four to five months.” In [...]
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