Friday, July 30, 2010

Qualcomm sells 26% in India unit

Qualcomm sells 26% in India unit


Qualcomm sells 26% in India unit

Posted: 30 Jul 2010 12:19 PM PDT

Qualcomm on Friday sold 26% stake in its Indian broadband unit to Tulip Telecom and Global Holdings for $57.7 million (about Rs 268 crore).

Uninor takes rates to new low

Posted: 30 Jul 2010 12:17 PM PDT

Taking the tariff war to a new low, Uninor, a JV between Unitech and Norway-based Telenor, on Friday offered an up to 60% discount on one paise-per-second tariffs, depending upon the location and timing of a call.

China No. 2 eco, topples Japan

Posted: 30 Jul 2010 11:57 AM PDT

China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.

PNB hikes lending rate

Posted: 30 Jul 2010 12:15 PM PDT

Following RBI's decision to increase key rates, Punjab National Bank hiked its lending rate by 75 basis points to 11.75%, effective from August 1, 2010, in a sign of hardening of interest rate in the country.

'There's urge to return to low-cost aviation'

Posted: 30 Jul 2010 12:00 PM PDT

There's very little that's official about Captain G R Gopinath, the former chairman of the erstwhile Air Deccan and also the pioneer of low-cost airline business in India.

Rs-$ currency options okayed

Posted: 30 Jul 2010 12:13 PM PDT

RBI on Friday allowed stock exchanges to launch currency options on Indian rupee and US dollar, something that industry players say will complete the suite of available derivatives products and help customers to hedge their currency risks better.

Disney sells Miramax for $660m

Posted: 30 Jul 2010 12:42 PM PDT

Walt Disney has sold film studio Miramax for more than $660 million to Filmyard Holdings, ending months of talks between the media group and various bidders.

Ranbaxy boosts profit of Daiichi

Posted: 30 Jul 2010 12:40 PM PDT

Daiichi Sankyo's first-quarter recurring profit jumped nearly tenfold and kept its annual outlook, boosted by its Indian arm Ranbaxy.

BlackBerry to bring tablet PC to counter iPad

Posted: 30 Jul 2010 12:10 PM PDT

Research In Motion, maker of the BlackBerry smartphone, plans to introduce a tablet computer in November to compete with Apple Inc's iPad, according to two people familiar with the company's plans.

ET-Now brings Markets Summit 2010

Posted: 30 Jul 2010 12:53 PM PDT

On 6th August 2010, ET NOW will bring together the who's who of the financial world, at the ET NOW Markets Summit 2010. And that's just the audience were talking about: on stage will be a panel of some of the most respected voices in Asia.

US economic growth 'welcome sign' but more needed: Obama

Posted: 30 Jul 2010 02:12 PM PDT

President Barack Obama said on Friday that four consecutive quarters of US economic growth is a "welcome sign" of recovery but more was needed to put unemployed Americans back to work.

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