World’s largest telecom operator Vodafone will finally get a foothold in the world’s fastest growing telecom market. The Foreign Investment Promotion Board (FIPB), in a meeting on Friday evening, cleared Vodafone’s application to buy 52% stake in Hutchison Essar.
The FIPB noted that the controversial 15% minority shareholding in the telco is owned by [...]

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Just days after NDTV reported that Hutch-Vodafone deal is set to sail through, Foreign Investment Promotion Board (FIPB) on Friday cleared Vodafone’s buyout of Hutch’s Indian operations.
However the deal must comply with press note 3 and minimum 15 per cent stake in the new entity has to be held by Indians. FIPB will be sending [...]

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Finance ministry is understood to have reservations on the ownership of minority stakeholders in Hutchison-Essar and is likely to raise the issue at the FIPB meeting on British telecom firm Vodafone’s application for buying a controlling stake in the Indian mobile firm.
Foreign Investment Promotion Board will also look into ministry of law’s views on whether [...]

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DUBAI: Dnata, the ground handling, ticketing and reservation arm of Emirates Group, will submit proposals for strategic partnership with the Airports Authority of India (AAI) to offer ground handling solutions for its airports.
As part of its privatisation drive, the Indian government is currently in the process of modernizing over [...]

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NEW DELHI: The government proposes to offer all citizens of India free, high-speed broadband connectivity by 2009, through the state-owned telecom service providers BSNL and MTNL. While consumers would cheer, the move holds the potential to kill the telecom business as we know it.
You have heard of free municipal broadband — many cities in [...]

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BANGALORE/NEW DELHI: Some complex corporate manoeuvring could be on the anvil featuring Tata Tea and the Coca-Cola Company, the world’s largest beverage maker. This follows a possible Coca-Cola bid for Energy Brands, the makers of Glaceau wellness drinks, in which Tata Tea holds a 30% stake. Tata Tea may respond by taking a larger role [...]

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