The proposed partnership deal of Bharti Airtel and South African telecom giant MTN will be the first telecom company that will test the new norms for foreign investment announced under Press Notes 2, 3 and 4 in February 2009.
Since the effective foreign ownership in Bharti Airtel (including the proportionate foreign ownership through the parent company), is set to cross the threshold limit of 74 per cent after consummation of this transaction, it is expected to approach the government for

Bharti Airtel-MTN deal to test new FDI guidelines

Business Standard

Sunil Mittal&rsquo;s plan to merge his Bharti Airtel &mdash; India&rsquo;s biggest mobile-phone operator &mdash; with South Africa&rsquo;s MTN, coupled with the company&rsquo;s 3G foray, is likely to put pressure on its balance sheet, as the estimated cash requirement would be Rs 40,475 crore in this fiscal.

Balance sheet may stagger a bit: Analysts

With the aim of playing a bigger role in the Indian market, information technology major Wipro Infotech is investing Rs 200 crore to set up its own data centres in India.

Wipro Infotech to invest Rs 200 cr in data centres

Tata Communications has posted over four-fold growth in net profit at Rs 302.37 crore in the March-ended quarter following an exceptional gain of Rs 346.65 crore from the sale of Tata Teleservices&rsquo; shares. The revenue has risen 4.11 per cent to Rs 926.59 crore.

Tata Comm net grows 4-fold

Bharti Telecom, the unlisted holding company of Bharti Airtel, may issue fresh equity to the MTN group to give it the 25 per cent economic interest in India&rsquo;s largest mobile service provider.

Bharti may rope in holding co

Just before the annual general meeting (AGM) of India&rsquo;s largest IT firm, Tata Consultancy Services (TCS), the board of directors of the company named N Chandrasekharan as the Chief Executive Officer-designate. This is being done with the intention that he would be appointed CEO and Managing Director with effect from October 6, on the retirement of S Ramadorai.

TCS names Ramadorai successor

Tech Mahindra, the new owner of Satyam Computer Services, is understood to have shortlisted three names for the post of chief financial officer (CFO) at Satyam, which is yet to restate its accounts.

Tech Mahindra shortlists 3 for Satyam's CFO post

Foreign exchange losses of Rs 22 crore in the quarter ate into the profits of Delhi-based NIIT Technologies, which posted a profit after tax (PAT) of Rs 26.3 crore for the fourth quarter ended 31 March, 2009, down 15 per cent from Rs 31 crore in the corresponding quarter last year.

NIIT Tech's Q4 net down 15 per cent

B Teja Raju, vice-chairman of Maytas Infra Private Ltd and son of Satyam Computers founder B Ramalinga Raju, filed a petition in the local court here seeking directions to de-freeze his bank accounts.

Raju's sons move court to de-freeze bank accounts

The Delhi High Court today directed CBI to submit its investigation report and other related documents against MTNL's Chairman and Managing Director R S P Sinha.

HC directs CBI to produce documents related to MTNL chief

Press Trust of India

Hit by the economic slowdown and low spending by the government on the information technology sector prior to the assembly elections, the personal computer (PC) shipments in the country fell by 19 per cent during the January-March quarter this year.

PC shipments drop 19% in Jan-Mar quarter this year

Bharti Airtel, one of India&rsquo;s leading telecom service providers, expects to complete the process of integration of its West Bengal and Orissa circles by the end of this month.

Airtel to complete integration of Orissa, Bengal circles

A battle is brewing between the two major shareholders of Idea Cellular, Axiata Group (formerly Telekom Malaysia) and the Aditya Birla group as a result of the Malaysian company&rsquo;s unilateral plans to increase its shareholding from 14.99 to 40 per cent by making an open offer.

Axiata mulls open offer to raise stake in Idea

A total of 1.67 million units of client PCs were shipped during the January-March quarter, according to IDC&rsquo;s Asia/Pacific Quarterly PC Tracker. Desktop PC shipments registered a sequential growth of 9 per cent, while notebook PC shipments grew 3 per cent over the figures of the trailing quarter.

India PC shipments up 7%

The Information Technology (IT) sector in Gujarat has been witnessing a lot of green initiatives in the recent past. Green IT has become a major buzzword today with Gujarat-based companies working towards sustainable designs and processes in order to promote energy efficient services and products.

IT goes green in Guj

It is hard to fault a government when it tries to regulate the Internet in the larger interests of the country.

Curbs on the Internet

Contrary to assertions by Bharti Airtel&rsquo;s management, the share-swap deal with South African telecom major MTN may trigger the open offer clause, according to a senior official in the Securities and Exchange Board of India (Sebi).

'Bharti-MTN deal will trigger open offer clause'

Despite the slowdwon and the poll debacle state IT minister is still upbeat about attracting investments in the IT sector.

Land problems not to mar Bengal IT sector prospects

The social networking portal is all set to take its brand offline with the launch of 'Secret Shows' in India, providing a platform for new talented musicians.

MySpace to be &#39;MTV&#39; of internet

If you still believe that real-world robots are benign, used as pets or to handle micro-surgeries and help human beings with domestic tasks like cleaning and maintenance or handle dangerous industrial tasks, you may want to think again.

Robots at war; taming the &#39;Terminator&#39;

At a time when industry is reeling under the impact of the global economic meltdown, efficient energy solutions are being touted as a viable answer to cutting greenhouse gas emissions. Despite having a massive capacity to cut greenhouse gas emissions, the IT industry is not yet delivering on its potential according to the first results of the Greenpeace&rsquo;s &lsquo;Cool IT Challenge&rsquo;. The IT industry calculates it could enable cuts of over 15 per cent in global greenhouse gas emissions by 2020. The Cool IT scorecard was released coinciding with the &lsquo;IT, Environment and Climate Change Conference&rsquo; being held in Copenhagen today.

ICT slow in showing climate leadership: Greenpeace

Tech News: Latest Techn news & updates on Smart Watches, Gaming Console, iOS updates with launch date and price straight from Business Standard.com.

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