Clicks for the Day
Clicks for the Day
A boy talks on a mobile phone as he walks past a billboard of Bharti Airtel in Amritsar
India's top telecoms firm Bharti Airtel has won the rights to sponsor all cricket series played in India until 2013 and will pay $700,000 per match, a cricket board official said on Friday.
\"Bharti Airtel has won the series sponsorship rights for the period of 2010-2013 with a bid amount of Rs 3.33 crore per test/ODI/T20 International,\" Board of Control for Cricket in India (BCCI) Secretary, N Srinivasan, said in a terse statement.
Initially, 10 firms had shown an interest in the right but eventually only four -- Bharti, Idea Cellular, Karbonn Mobile and MicroMax -- submitted bids on Thursday.
The marketing committee of the BCCI, the world's richest cricket board, opened the bids in Mumbai on Friday and awarded the rights to Bharti Airtel.
World Sports Group is the current holder of the rights.
A man talks on his mobile phone as he walks past the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai
The liquidity situation in the financial markets has improved, a senior Reserve Bank of India (RBI) official said on Friday.
The Reserve Bank of India (RBI) is also keeping a close watch on the liquidity situation, said Janak Raj, an adviser at the RBI's monetary policy division.
Workers prepare an Intel booth for the Consumer Electronics Show (CES) in Las Vegas, Nevada
Global mergers and acquisitions (M&A) have hit nearly $200 billion so far in August, just $60 billion shy of the record set in 2006 for what is typically one of the quietest months of the year, Thomson Reuters data shows.
The $197.6 billion of deals appears to vindicate analysts and bankers who have spent months predicting an upturn in M&A, as cash-rich corporates regain confidence, the economic backdrop improves, and banks are increasingly ready to lend.
This week has also seen the highest value of announced deals since November -- when Warren Buffett's Berkshire Hathaway Inc agreed to buy rail company Burlington Northern Santa Fe Corp, in the billionaire investor's biggest-ever takeover.
This month's deals include:
BHP Billiton's $39 billion hostile offer for Potash Corporation of Saskatchewan Inc, the world's larg
A saleswoman stands behind the showcased gold necklaces at a jewellery showroom in Agartala, Tripura
India's gold merchants are expecting a sustained pick-up in sales for the second round of festivals, as a reviving economy and stable prices may aid sentiment, triggering a reversal in declining trend in imports.
\"People have started buying from July for the upcoming weddings, actually they all had money but unwilling to spend it due to recession, now they have started buying,\" said Justin Varkey, chief executive officer with Jaipur-based Jewel Ace, which sold Rs 2.5 crore worth of jewellery last year.
India is currently hosting Asia's second largest gems and jewellery exhibition in Mumbai, displaying gold ornaments from 700 domestic jewellers and 200 overseas makers.
The five-day fair, which ends on Monday, is considered an indicator of order-book demand ahead of the August to November festival and wedding season, when gold
A Huawei plant is lit by a setting sun in the southern Chinese township of Longhau in Guangdong province.
Tata Teleservices has received the Indian government's approval to buy telecoms equipment from China's Huawei Technologies Co and ZTE Corp , a source with direct knowledge of the matter said on Friday.
Last month, India tightened rules for telecom gear imports saying vendors must allow inspection of their equipment and share design and source codes in escrow accounts, addressing security worries that had led to restrictions on Chinese manufacturers.
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