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Just last month I had written about HFCL and its business of ripping investors. HFCL has finally made NEA the Bakra.  New Enterprise Associates, the desperate PE fund from the valley has bought 40% stake in HFCL Infotel for a whopping Rs 375 crore. This deal values the loss making HFCL Infotel at Rs 950 crore [~Continue Reading

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ADAG managed Reliance Communications is back on Plan – A to rollout GSM services across India through its subsidiary, Reliance Telecom reports DNA. Immediately after Vodafone India was born, I had said, Reliance Telecom will get aggressive on its GSM plans. Telcom India writes that the Government has delicensed WiMax spectrum in the 5.8GHz frequency.  Continue Reading

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Idea cellular which had been constantly dumping stake to Private Equity and VCs, late last night completed its IPO in India. From the subscription figures obtained from Ventura Securities, their is a terrific demand for Indian Equities. The Idea IPO was of $500 Million and received bids for $25 Billion. Last April,Continue Reading

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Web 2.0 India – Innovations and Challenges will be held on Feb 22nd and 23rd at Bangalore. Here is the program schedule for the two day event. Ashish Gupta, MD of Helion Ventures is the keynote speaker. Arun Ramanujapuram, Directot at  Yahoo! R&D will speak on Social Web followed byContinue Reading

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After Hutch-Essar acquistion by Voadfone, everybody is busy to digest the impact it will have on Vodafone Group Plc. I don’t know the health of Vodafone Group Plc but all I can say is it will make money from Vodafone India [Yes I would like to call it Vodafone India and noContinue Reading

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Vodafone’s bid of $19 Billion for Hutch-Essar [EV] was accepted by HTIL. It is reliably learnt that Reliance Communications bid was at $17 Billion. Vodafone however has few hurdles and the biggest hurdle is behind them as Essar groups Shashi Ruia said that he is delighted by the value created by Vodafone 🙂 EssarContinue Reading

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VSNL employee, Prashant Indulkar was arrested earlier this week by the Mumbai police for leaking crucial corporate information to Reliance Communications. Reliance Communications’ group President, B D Khurana has resigned owning moral responsiblity. It is not Mr. Khurana who should resign, but Reliance ADAG Chairman, Anil Ambani must. Reliance officials are knownContinue Reading

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IndiaPlaza is running a Price Challenge offer on Mobile Phones and Books. The offer is as simple as this, find a retailer – either online or offline (Brick and Motar) who is selling a Book or Mobile phone at cheaper price than IndiaPlaza and collect twice the difference of the amountContinue Reading

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I was travelling when the Audio Video Revolution 2007 was held in Bangalore. However, I found these interesting reviews on Kicker Car Audio and JBLs blockbuster package which inclueds a Harmon Kardon AVR. I am sure many of us have thought of using our cell phone camera as a webcam. A Bangalore basedContinue Reading