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Solution to Telangana only after wider consultations: Moily
A solution to the Telangana issue could be found only after wider consultations among all political parties in Andhra Pradesh and also at the national level, Union Law Minister M Veerappa Moily said today.

Huawei sets eye on three ITI factories
Government’s security concerns about Chinese equipment makers not a deterrent.

News of the day

As recession eases, US firms sniff opportunities in India
With the Indian economy showing signs of leaving the recession behind, companies from the US are once again making a beeline to the India shores scouting for opportunities. Companies from varied sectors are looking to test the waters with an investment in mind at a later stage. “Last year, things were rocky and very few trade delegations came to India. However in the last one and half months, things have turned around,”said Sandeep Mehra, committee member, Indo American Chamber of Commerce (IACC), Karnataka branch.
Small Business

Warid buyout to lower Bharti's liquidity, increase risk: S&P

Bharti Airtel"s proposed acquisition of 70 per cent stake in Warid Telecom of Bangladesh may marginally lower the Indian company"s liquidity and increase its business risk, leading rating agency Standard & Poor"s (S&P) said today. - Bharti Airtel: Not a value call - 3G: Fitch studying revenue impact on Bharti - Bharti Airtel rejigs top management - Bharti to Buy 70% of Warid - Dhabi group rules out exiting Warid Telecom - Bharti acquires 70% stake in Warid Telecom The Indian mobile services provider yesterday agreed to buy 70 per cent stake in Bangladesh-based Warid Telecom. Bharti plans to make $300 million fresh investment in the company, thus taking the overall investment to $1 billion. "We expect the acquisition to marginally lower Bharti"s liquidity and increase its business risk because of the higher country risk associated with Bangladesh and future investments to improve Warid"s weak market position in Bangladesh," Standard & Poor"s Ratings Services said in a statement here. However, in our opinion, Bharti is experienced in running low-cost operations in an emerging market, given the company"s strong position as an integrated player in the significantly larger Indian telecom market, it said. S&P said its rating on Bharti Airtel is not affected by the company"s stake acquisition in Warid.


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