Corporate

Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile

10 jul 2008

Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile
After exiting its cellular phone service biz under Spice Communications, BK Modi is considering exiting Spice Mobile, its mobile phone manufacturing business. It is reported that world’s third-largest handset manufacturer Sony Ericsson may buy out a majority stake in Spice Mobile.

Deccan may be renamed as Kingfisher Max

26 jun 2008

Deccan may be renamed as Kingfisher Max
After changing name from ‘Air Deccan’ to ‘Simplify Deccan’, a fresh round of name change is expected to happen with the new name most likely to be ‘Kingfisher Max’. And with growing ATF prices, the low-cost model certainly does not seem to work for now, as a result the low-cost characer of the airline would also go and it would operate on sectors with high load factor and low operating costs.

Book Your iPhone 3G with Airtel or Vodafone India

24 jun 2008

Book Your iPhone 3G with Airtel or Vodafone India
Book your iPhone 3G with Airtel or Vodafone in India. The only issue still remains is that both Vodafone and Airtel would launch the iPhone 3G model in India although India has only 2G compatible networks, so some of the features may not work.

Reliance Capital to use cross-selling for increasing finserv biz

21 jun 2008

Reliance Capital to use cross-selling for increasing finserv biz
Following the model adopted by global conglomerate like GE, Anil Dhirubhai Ambani Group is using the database of its customers, shareholders and employees of ADAG companies to cross sell its financial products through Reliance Capital Services.

ADAG eyes Zee’s Essel World

11 jun 2008

ADAG eyes Zee’s Essel World
One of the first and largest amusement parks in India, Essel Group’s ‘Essel World’ is drawing interest from Anil Ambani’s Reliance Entertainment. Reliance Entertainment wants to create entertainment zones around the country and Essel World fits perfectly into its fold due to its suitable location and nationwide popularity.

Taj Hotels shifts focus to luxury hotels

11 jun 2008

Taj Hotels shifts focus to luxury hotels
105 year old Taj Hotels Resorts and Palaces having 59 hotels in the luxury, leisure and business segment is going for a rebranding of its properties to preserve the exclusivity of the Taj brand.

Firstsource Solutions on sale: Warburg, Blackstone, Carlyle in running

26 may 2008

Firstsource Solutions on sale: Warburg, Blackstone, Carlyle in running
ICICI Bank which has a 26.8% stake in BPO firm, Firstsource Solutions is looking to divest its stake as it feels it derives little synergy from the company. Other major investors in Firstsource includes Temasek (which also has over 7% stake in ICICI), Metavante (US based banking solution firm) and Sequoia Capital/ As per Economic Times report, BPO firm WNS Holdings (owned by Warburg Pincus) may either merge or acquire Firstsource Solutions by buying out stakes held by ICICI Bank and other PE investors.
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