Monday, June 9, 2008
Maruti Suzuki goes ahead of its parent firm
India’s number one carmaker, Maruti Suzuki has emerged as the fourth in the world among the auto makers. It has moved ahead of its parent Suzuki Motor Co of Japan. According to the Global 200: The World’s Best Corporate Reputation” list, complied by US-based Reputation Institute, Maruti Suzuki India is fourth amongst the world automakers. Germany BMW stood fifth amongst the best auto companies while 88th overall with a score of 73.90. Daimler AG was sixth and 99th overall with a score of 72.85. On 7th position is France’s Puegeot. It is 110th overall with a score of 72.32. On 9th position is the Renault of France which ahs overall ranking of 142. Volkswagen of Germany again was the 10th reputed amongst the autocar makers. It scored 69.64.
Wednesday, June 4, 2008
Microsoft's bidding for Yahoo
Yahoo is an expert old player in the field of online services like chatting, mailing, games, sons etc. Microsoft is planning to do the same. For this it found hopes in Yahoo. It tried its best but could not be successful in doing so. Atlast both are alone. Yahoo is independently working its on.
Sunday, June 1, 2008
Sunday, May 18, 2008
Kingfisher to plan for Charter Service
The owner of Kingfisher Airlines, Vijaya Malya has planned to use its a-330s and A-340s, to be deployed on international routes. These aircrafts are yet not with him but will join its fleet by this month-end. For this to come into action the discussions with large travel houses are going on. Before this the plan was to use the three A-330s wide-bodied aircraft on domestic routes. The routes are like Bangalore-Delhi. This is not very long in real terms.
But the main hurdle in the process is that while using A-330 on domestic flights would need to park this plan on international terminal side where both the passengers as well the baggage will have to be taken over the long distance between international and digestive side. This is not feasible and would not suit to travellers.
Although the plan seems to be fascinating, the 215 seater aircraft would be cost effective if used for continuously for 10 hour flights like India-Europe. This is the case of 215 seater but the 250 seater aircrafts are also there who can fly non stop for 19.5 hours as per officials on routes like India-US. Apart from this the plans for using these aircrafts for commercial training and charters is also in the process.
Apart from foreign airlines the Kingfisher had also planned to offer its charter services to other carriers also like Air India but only found few interested ones as the former is planning to offer services for few two to three months only.
But the main hurdle in the process is that while using A-330 on domestic flights would need to park this plan on international terminal side where both the passengers as well the baggage will have to be taken over the long distance between international and digestive side. This is not feasible and would not suit to travellers.
Although the plan seems to be fascinating, the 215 seater aircraft would be cost effective if used for continuously for 10 hour flights like India-Europe. This is the case of 215 seater but the 250 seater aircrafts are also there who can fly non stop for 19.5 hours as per officials on routes like India-US. Apart from this the plans for using these aircrafts for commercial training and charters is also in the process.
Apart from foreign airlines the Kingfisher had also planned to offer its charter services to other carriers also like Air India but only found few interested ones as the former is planning to offer services for few two to three months only.
Bahrain telcos interest in Indian telcos
The Bahrain Telecommunications Co, is planning to buy a stack in and Indian wireless field. For this to move further the talks are going on with four companies. The CEO of the Bahrain Telecommunications, Peter Kaliaropoulos confirmed the news and said “They are all listed companies. It’s a natural growth opportunity for us to pursue relations with those companies. Most likely we will buy into existing operation.
The other rivals and competititor of Bahrain telcos in its own company are Etisalat, Zain which is Kuwait’s largest telecommunications company, Qatar Telecommunications etc. Like these big companies in the country, the Bahran telcos also decided to expand its business outside the country.
The other rivals and competititor of Bahrain telcos in its own company are Etisalat, Zain which is Kuwait’s largest telecommunications company, Qatar Telecommunications etc. Like these big companies in the country, the Bahran telcos also decided to expand its business outside the country.
Hurdles in MTN’s merger in Bharti Airtel
In the process of Bharti Airtel acquisition of MTN, a new hurdle has come. According to Indian regulatory rule foreign holding in a telecom company could not exceed 74%. As per sources MTN wants 50% of the deal should be done in cash and the rest through share-swap. In case Bharti pays $25 billion cash, it will have to issue fresh shares worth $25 billion to MTN shareholders to complete the deal. Bharti holds around 65% of the holding with foreign entities. If Bharti does the insurance of its fresh shares worth $25 billion to MTN’s shareholders then it will exceed the foreign holding in the join entity to 78% which is not against the Indian FDI norms
The merging is also facing a problem other than the above. As per African norms 20% of merged entity’s shareholding should be with black investors. But in this merger if cash component exceeds then proportion of black investors might go doen below statutory requirements.
The historic deal between Bharti and MTN is now in the hands of banker who can only make it ensure that the deal goes through without violating regulatory norms.
The merging is also facing a problem other than the above. As per African norms 20% of merged entity’s shareholding should be with black investors. But in this merger if cash component exceeds then proportion of black investors might go doen below statutory requirements.
The historic deal between Bharti and MTN is now in the hands of banker who can only make it ensure that the deal goes through without violating regulatory norms.
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