Date: 20th May,2008
1. Aircel of India which is a 74:26 JV between Maxis Communications Berhard of Malaysia and Apollo Hospital Enterprises is planning to raise about $1.6 billion by issuing an IPO.
2. Financial engineering course will be launched by Indian School of Business (ISB), Hyderabad along with University of California, Los Angeles (UCLA) for middle level and senior level executives who are in the financial services from July 2008; the course fee will be Rs 5 lakh per participant.
3. DLF, a real estate player in India, to enter into a JV with Piquadro, an Italian luggage and leather accessories maker, as a part of its retail strategy.
4. Air India is planning to increase its domestic fare by 10%.
5. Tata motors Indigo sedan sale has increased by 43% to 3763 units in April 2008 as compared to April 2007.
6. French Luxury watch and jewelry maker Cartier to open a boutique in Delhi.
7. Reliance communications has signed a deal with GSM handset players Samsung, Spice, Sony Ericsson, LG, Fly Mobile, Motorola and HTC for handset retailing in the existing 8 circles in India; agreement with Nokia will also be signed shortly.
8. The handset market in India is all set to cross 100 million in 2008 as against last year’s 70-75 million units.
9. Reliance Communications is planning to sell 15-20 million GSM handsets in its 2500 retail outlets.
10. From January to March 2008 about 27 million new mobile subscribes were added in India.
11. Koutons Retail of India is planning to open about 30 stores in Middle-East by the end of 2008.
12. Techled and the consumer durable industry in India is estimated to be Rs 35,000 crore; the organized sector contributes Rs 2500 crore.
13. In spite of rupee becoming stronger against dollar in India, total exports may still rise by 25-30%.
14. 65% of leather products are exported to European countries from India.
15. Despite high inflation consumption of products by Indian consumers is growing.
16. Recruitment in sectors like retail, FMCG, entertainment and media is growing rapidly in India.
17. The growth in the world economy will slow down to 3.7% according to International Monetary Fund (IMF).
18. The number of BlackBerry service users in India are 1, 14,000.
19. Research-in-motion (RIM), a Canadian firm, is the maker of Blackberry.
20. RIM has total subscriber base of about 14 million worldwide.
21. BlackBerry services in India are provided Vodafone Essar, Bharti Airtel, BPL Mobile and Reliance Communications.
22. There were 261.09 million wireless subscribers in India according to Trai by the end of March 2008.
23. Vodafone to sell Apple’s iPhone in 10 countries including Greece, South Africa, Australia, Italy, Egypt, India, Turkey, New Zealand, Czech Republic and Portugal.
24. Spice Visa Status launched by Spice telecom will provide visa status to its subscribers.
25. Subscribers can get the Visa status on Spice by sending an SMS; the charges per SMS will be Rs13 and both the prepaid and the post paid customers can avail the service.
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