Bharti Airtel calls off Rs 700 cr deal to acquire Loop Mobile
Telecom
major Bharti Airtel has called off its plans to acquire business and
assets of Mumbai based Loop Mobile, for about Rs 700 crore, as the
Department of Telecom is yet to clear the deal.
Private airlines fly better despite peer pressure
Air
India's monopoly ended in 1991 when private-sector companies were
allowed to enter commercial aviation. Till then, the national carrier
was the king and passengers had to pay a fortune to fly. The result of
competition has been predictable.
Khosla incubates start-up to enable bank transcations via kirana stores
Novopay
Solutions, incubated in Bangalore under the guidance of Srikanth
Nadamuni, is a mobile payment company that uses the Aadhaar biometric
scanner to allow people to conduct banking transactions from
neighborhood shops. Novopay has launched services in New Delhi, Mumbai,
Kolkata and Bangalore, and plans to offer them across the country.
Baring Asia in talks to buy major stake in CMS
Baring
Private Equity (Asia) is in advanced talks with Blackstone Group LP to
buy a controlling stake in Indian cash management services firm CMS Info
Systems, three sources with direct knowledge of the matter told
Reuters.
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