FreePress India

Government-promoted telecom equipment major Indian Telephone Industries (ITI) is set to float a tender inviting foreign collaboration for manufacturing state-of-the-art telecom equipment. The Cabinet Committee on Economic Affairs, earlier this week, had cleared the proposal to revive the ailing telecom major. ITI plans to foray into manufacturing Wireless Interoperability for Microwave Access (WiMAX) equipment, optical … Read more ITI to float tender for overseas collaboration for telecom equipment

To ensure that delivery platforms owned by broadcasters don’t block competition /contents from others. Limit of restriction to increase from Company based to Entity based – If TRAI has to PUT restrictions on Crossholding ownership, then it has to take this move because no listed companies in media companies, is having direct ownership into distribution … Read more Analysis of restrictions on cross-ownership in broadcasting and distribution in media

JM Financial Mutual Fund has announced that Sandip Sabharwal has separated from the services of JM Financial Asset Management [Or is he Fired ?] Following this, the schemes managed by him will now be managed by the existing Equity Fund Management team. Sandip Sabharwal was charge sheeted by the CBI in the Ketan Parekh Scam … Read more Sandip Sabharwal separates from services of JM Financial AMC

India’s gross domestic product (GDP) growth for the December quarter has been estimated by the Central Statistical Organisation at 5.3% compared with 8.9% growth achieved in same quarter a year ago. The figure is also lower compared to 7.6% growth achieved in September quarter and around 6% growth being expected by most of the economists. … Read more Lower GDP takes its toll, Market declines with the news