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BHEL net up 36%
Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, has posted a 36 per cent jump in net profit for the quarter ended December 2009 on the back of lower raw material costs.

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Centre strategises for today's meet
Before Uttam Kumar Reddy, Congress MLA from Huzurnagar (Telangana), left Hyderabad yesterday for Delhi to prepare himself for the all party meeting convened by Home Minister P Chidambaram on statehood for Telangana, he called upon the students who were agitating in Osmania University to hear what he already knew: laathi goli khayenge; Telangana le jayenge. Emotions ran high. The students asked: “those of you who are ready to be killed for a separate state, raise your hands” most of the 500,000-strong crowd raised its hands. “Those of you who are ready to kill for Telangana, raise your hands” was the next question. The same number of hands were raised again. Reddy heard the students and then boarded his Delhi-bound flight.

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VRL looking to exit its wind power business
Logistics and transport major VRL Logistics Ltd (VRL) is looking at exiting its 42.5 Mw wind power venture at Mundargi in Gadag district of Karnataka, because of delayed receivables from the sale of power as well as its high operational costs. The Hubli-based company had forayed into the wind energy business in 2007 by setting up the venture for Rs 250 crore.
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Bharti nears deal with Warid in Bangladesh

Telecom giant Bharti Airtel is close to clinching a deal to acquire 70 per cent stake in Warid Telecom, a local mobile company in Bangladesh owned by Abu Dhabi Group, with top officials from both companies meeting here to "brainstorm a consensus", a media report said today. - DoT to impose Rs 132 cr penalty on telcos - India Inc looks within for merger & acquisitions - Experts divided over predatory pricing - AUSPI hits out at Bharti on predatory pricing - Project management gathers momentum as infrastructure grows - Support at 4,900 likely to melt soon "A Memorandum of Understanding (MoU) could be signed between the companies during the visit," an official at Warid Telecom was quoted as saying by the Daily Star. Bharti Airtel has placed a $300-million initial investment plan before the Bangladesh Telecommunication Regulatory Commission (BTRC), which will be implemented after signing the deal, the paper said. The nod of BTRC has been sought by Bharti Airtel in a letter to buy the stake in Bangladesh operations of Warid Telecom. The MoU is the primary step before signing the final deal between the companies to share confidential business strategies. According to the newspaper, the regulatory authority has asked for some documents, including Airtel"s investment plan in Bangladesh and board of director"s approval from both the companies regarding the deal. "The BTRC has asked the companies to submit these documents before signing the deal," BTRC Chairman Zia Ahmed said, the paper reported. Bharti Enterprises Chairman and Group CEO Sunil Bharti Mittal met Bangladesh Telecom Minister Rajiuddin Ahmed Raju yesterday. Airtel is going to invest in Bangladesh, Sunil Kanti Bosh, secretary of telecommunication ministry, said adding that the company also looks for providing telecom services between India and Bangladesh at affordable cost. Warid made its Bangladesh debut as the sixth mobile operator in May 2007 and has roped in 2.79 million subscribers until October. Several companies like SingTel, Vodafone and Etisalat had also approached Warid to form a partnership in Bangladesh, the Daily Star said.


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