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September 20: The Lensman`s View

  • September 20: The Lensman`s View

    September 20: The Lensman`s View

  • <p><b>A man speaks on a his mobile phone in Mumbai</b>
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Idea Cellular, India&#39;s sixth-biggest mobile phone operator, said on Monday it continuously evaluates stake-sale proposals from time to time.
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Idea Cellular, India&#39;s sixth-biggest mobile phone operator, said on Monday it continuously evaluates stake-sale proposals from time to time.
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\"As and when a definitive proposal is considered and approved by the company&#39;s board, we shall forthwith comply with our disclosure obligations under the listing agreement,\" the company said in a notice to the stock exchange, clarifying on media reports it was in talks to sell up to 26 per cent stake.
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Emirates Telecommunication Corp is considering different options in the Indian market and did not rule out an investment in Idea Cellular, its international chief said earlier this month.
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    A man speaks on a his mobile phone in Mumbai

    Idea Cellular, India's sixth-biggest mobile phone operator, said on Monday it continuously evaluates stake-sale proposals from time to time.

    Idea Cellular, India's sixth-biggest mobile phone operator, said on Monday it continuously evaluates stake-sale proposals from time to time.

    \"As and when a definitive proposal is considered and approved by the company's board, we shall forthwith comply with our disclosure obligations under the listing agreement,\" the company said in a notice to the stock exchange, clarifying on media reports it was in talks to sell up to 26 per cent stake.

    Emirates Telecommunication Corp is considering different options in the Indian market and did not rule out an investment in Idea Cellular, its international chief said earlier this month.

  • <p><b>An Axiata logo is seen at its headquarters in Kuala Lumpur</b>
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Malaysia&#39;s Axiata Group Bhd is on track to meet its 2010 key performance indicators (KPIs) but it may have to take a charge on the value of its stake in associate Idea Cellular Ltd, its chief executive said.
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Jamaludin Ibrahim told Reuters in an interview he was comfortable with analysts consensus expectations of 15.4 billion in revenue for 2010.
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\"We are very much on track. Infact, at least two of the three KPIs we should overachieve,\" he said. The other two KPIs are Axiata&#39;s EBITDA margin and its return on capital (ROC).
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Axiata&#39;s published KPIs for 2010 are a 12.1 per cent on-year increase in revenue, 14.1 per cent increase in EBITDA and 10.7 per cent for its return on capital.
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Any impairment of Idea&#39;s holding value was not yet set in stone, Jamaludin said, and the decision will largely depend on Indian regulators.
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    An Axiata logo is seen at its headquarters in Kuala Lumpur

    Malaysia's Axiata Group Bhd is on track to meet its 2010 key performance indicators (KPIs) but it may have to take a charge on the value of its stake in associate Idea Cellular Ltd, its chief executive said.

    Jamaludin Ibrahim told Reuters in an interview he was comfortable with analysts consensus expectations of 15.4 billion in revenue for 2010.

    \"We are very much on track. Infact, at least two of the three KPIs we should overachieve,\" he said. The other two KPIs are Axiata's EBITDA margin and its return on capital (ROC).

    Axiata's published KPIs for 2010 are a 12.1 per cent on-year increase in revenue, 14.1 per cent increase in EBITDA and 10.7 per cent for its return on capital.

    Any impairment of Idea's holding value was not yet set in stone, Jamaludin said, and the decision will largely depend on Indian regulators.

  • <p><b>A labourer works inside an electrode factory on the outskirts of Jammu</b>
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Steel ministry plans to seek easier norms for state-run steel firms from a proposed profit-sharing plan in mining, the steel minister said on Monday.
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\"Some special consideration has to be given because of the historical role these companies have played in steelmaking,\" Virbhadra Singh told reporters on the sidelines of an industry event.
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The government is framing a new mines and minerals policy under which it is seeking to have mining companies share 26 per cent of their profits with the displaced locals.
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    A labourer works inside an electrode factory on the outskirts of Jammu

    Steel ministry plans to seek easier norms for state-run steel firms from a proposed profit-sharing plan in mining, the steel minister said on Monday.

    \"Some special consideration has to be given because of the historical role these companies have played in steelmaking,\" Virbhadra Singh told reporters on the sidelines of an industry event.

    The government is framing a new mines and minerals policy under which it is seeking to have mining companies share 26 per cent of their profits with the displaced locals.

  • <p><b>A Facebook page is displayed on a computer screen in Brussels</b>
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Social networking website Facebook said on Sunday it is pushing deeper into the mobile phones sector, but denied an Internet report that it will build its own phone.
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Privately held Facebook has more than 500 million users worldwide and the company already has applications on a number of mobile phones that tie into its social networking website.
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But Jaime Schopflin, a spokesman for Facebook, said the privately held company \"is not building a phone.\" Facebook&#39;s current projects include \"deeper integrations with some manufacturers,\" he said.
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\"Our view is that almost all experiences would be better if they were social, so integrating deeply into existing platforms and operating systems is a good way to enable this,\" Schopflin said in a statement.
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In a report on Sunday, the website TechCrunch.com said a source with knowledge of the project revealed that Faceboo

    A Facebook page is displayed on a computer screen in Brussels

    Social networking website Facebook said on Sunday it is pushing deeper into the mobile phones sector, but denied an Internet report that it will build its own phone.

    Privately held Facebook has more than 500 million users worldwide and the company already has applications on a number of mobile phones that tie into its social networking website.

    But Jaime Schopflin, a spokesman for Facebook, said the privately held company \"is not building a phone.\" Facebook's current projects include \"deeper integrations with some manufacturers,\" he said.

    \"Our view is that almost all experiences would be better if they were social, so integrating deeply into existing platforms and operating systems is a good way to enable this,\" Schopflin said in a statement.

    In a report on Sunday, the website TechCrunch.com said a source with knowledge of the project revealed that Faceboo

  • <p><b>A woman touches a purse made of gold in the US</b>
</p><p>
Gold hit a record high for the fourth day in a row on Monday, boosted by growing expectations for US interest rates to remain exceptionally low as the economy struggles, while silver came in range of 30-year peaks.
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Data on Friday showed Americans were at their most pessimistic in over a year this month, as growing fears about job security and finances undermined US consumer sentiment and painted a muted picture of price pressures.
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This helped reinforce the belief that the Federal Reserve will signal its intention to resume large-scale purchases of government bonds to keep interest rates low when it meets on Tuesday, propelling gold above $1,280.00 for the first time.
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Spot gold rose 0.3 per cent to $1,280.20 an ounce by 0935 GMT, having hit a record peak of $1,283.35 earlier. US gold futures for December delivery rose 0.3 per cent to $1,281.70an ounce.
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    A woman touches a purse made of gold in the US

    Gold hit a record high for the fourth day in a row on Monday, boosted by growing expectations for US interest rates to remain exceptionally low as the economy struggles, while silver came in range of 30-year peaks.

    Data on Friday showed Americans were at their most pessimistic in over a year this month, as growing fears about job security and finances undermined US consumer sentiment and painted a muted picture of price pressures.

    This helped reinforce the belief that the Federal Reserve will signal its intention to resume large-scale purchases of government bonds to keep interest rates low when it meets on Tuesday, propelling gold above $1,280.00 for the first time.

    Spot gold rose 0.3 per cent to $1,280.20 an ounce by 0935 GMT, having hit a record peak of $1,283.35 earlier. US gold futures for December delivery rose 0.3 per cent to $1,281.70an ounce.

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