Corporate

Low cost Blackberry lookalike from Airtel for rural customers

02 may 2008

Bharti Airtel, IFFCO and Star Global have formed a 50:25:25 JV called IFFCO Kisan Sanchar to provide telephone services in rural areas. Apart from telephones, the company will provide rural products such as transistors, community radios, torches and lanterns with a battery life of three years.

Redemption pressure of US-64 leads to dilution of key stock holdings

01 may 2008

Once considered the flagship scheme of Indian Mutual Fund industry, the UTI US-64 scheme is finally (much to the relief of Indian government) coming to end with its US-64 bonds maturing on May 31, 2008.

Alibaba ventures into Indian market, in partnership with Network 18

30 apr 2008

World’s largest B2B portal Alibaba.com has tied up with India’s largest yellow pages company, Infomedia India (owned by Network 18 Fincap) to officially foray into the lucrative Indian market and cater the needs of 80 lakh small and medium Indian businesses.

What happens next after Bajaj Auto demerger?

16 apr 2008

Post demerger of Reliance industries Ltd., the next demerger to happen in Indian corporate is the demerger of Bajaj Auto Ltd (BAL). The record date fixed for demerger was March 25, 2008 as a consequence of which shareholders of the Bajaj Auto will receive shares of the three demerged new companies in the ratio of one share each for every one share held in Bajaj Auto.

What does entry of Virgin Mobile means to Indian consumers?

16 apr 2008

For the last one month, there has been lot of buzz created around with the launch of Virgin Mobile into the Indian market, and many people have been comparing it with the likes of another UK telecom major, Vodafone.

DCB merging with larger bank – impending action

10 apr 2008

After the recent Centurion Bank of Punjab merger with HDFC Bank, there are talks that Development Credit Bank, a mid-sized private sector bank may merge with a larger private sector or a foreign bank before 2009.

Another business news channel coming to dethrone CNBC-TV18

02 apr 2008

UTV has announced the launch of its new business channel UTVi which is expected to hit the air in a month. And continuing its partnership with Disney, UTV has also tied up with Disney-ABC International Television (Asia Pacific), the international TV distribution arm of The Walt Disney Company, for programming and services.

Videocon looks to buy Motorola handset biz to derive telecom synergy

01 apr 2008

Videocon Group is doing what it knows best, buying out global electronic giants. After Thomson, Electrolux and a failed Daewoo attempt, it is now eyeing world’s third largest mobile maker (after Nokia and Samsung) Motorola’s handset business.

Reliance Industries faces further front-end failure, to close its petroleum retail chain

24 mar 2008

Reliance Industries is bearing the brunt in its last mile retail operations yet again. Fresh from its less than expected results in retail operations and ‘Reliance Fresh’ controversy, it is shutting its much popular petroleum retail outlets across India.

IDFC buys Standard Chartered Mutual Fund to become third largest AMC

07 mar 2008

Infrastructure Development Finance Corporation (IDFC) has outbid other bidders such as Shinsei Bank, Indiabulls to emerge as winner in race to acquire Standard Chartered Mutual Fund for $205 million. Earlier, RBI had disallowed Swiss Bank UBS to acquire Stanchart AMC.

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