Category Archives: Karnataka

Will Indian Retailers Allow FDI?

There seems to be no end to the controversy surrounding FDI in retail for the Indian Government as mass protests across all the states are not soothing out. While parliament is not reaching at any consensus at all on the same, there are over 6,000 traders in Shimla who have closed their shops to oppose the decision.

Adding fuel to the fire in the joint opposition by Bharatiya Janata Party (BJP) in the state and Communist Party of India-Marxist (CPI-M), which are hell bent to jolt the government. As of now, no reports of violence have been received.

“We have got very good response from across the country and 5 crore traders will not open their shops tomorrow. They will hold protest in their own markets. We will not hold demonstrations in front of foreign stores”, said Praveen Khandelwal, Secretary-General of the Confederation of All India Traders association. Backed by support from other states, there seems to be no early breather for the government.

Apparently, there are confirmed reports that several Bharti-Walmart stores would be shut down on Thursday to avoid any violence. Even security has been escalated at stores of World’s second largest retailer Carrefour in Delhi and Jaipur as a part of precautionary measures. Meanwhile, such similar shutter down operation was seen in Karnataka against the government’s decision to allow 51% the FDI in retail.

Nonetheless, the government has assured that there decision in favor of public interest, there are lingering fears in the minds of retailers that there would be threat to their presence in case such malls are being set up in their states.

There are countries like US where such decisions have affected many small stores, and that’s what has made retailers to put up strong opposition for the entry of foreign players in the retail market. While government would be putting up their best efforts, it would be interesting to see how they would seam through the fierce attack of retailers and opposition parties.

Ericsson Join Hands with Airtel

It has been reported that the Swedish firm Ericsson has finalized a deal with Airtel in order to handle more than 70% of Airtel’s network in India, whereas Nokia Siemens Networks (NSN) will be handling the rest of the parts, though the authorities have not disclosed the amount as of now.

“This unique multi-technology managed services partnership with Ericsson will help us focus on creating a compelling service proposition for our customers, as we look to ramp up our market access”, said that Airtel’s Chief Executive Officer for India and South Asia, Sanjay Kapoor, while briefing the contract. Under the spell of the contract, Ericsson will be liable for surplus 15 service areas such as managing Airtel’s networks in regions of Delhi, Haryana, Punjab, Himachal Pradesh, UP, Rajasthan, Jammu and Kashmir, Assam, the North East, Karnataka, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.

In a statement, the company said that Bharti Airtel is one out of the leading global telecommunication companies that successfully delivers its services in around 19 countries across Asia as well as Africa. The service provider has refined its managed services agreement with Ericsson, especially for Indian operations.

In addition, the company authorities have also notified that the five-year contract will support multi-vendor and multi-technology, where Ericsson will be liable for operating maintaining as well as providing its services across 70% of Bharti Airtel’s network across India. Simultaneously, Ericsson will be employed to manage Bharti Airtel’s prepaid customer base.

Sanjay Kapoor has claimed that India can be observed as the third largest internet market with a noteworthy increase in the data traffic, higher number of smartphones as well as wireless networks. Ericsson is believed to have a significant role to create Airtel’s 3G networks in Indian service circles.

Google’s Internet Bus Reaches Kolkata

Introduced in 2009 to serve large number of people in the region, Google’s Internet Bus project is on its newest way to educate and aware more people about the Internet.

After spreading internet awarness all over the country, including 11 states like Karnataka and Tamil Nadu, Google’s Internet Bus project is all set to enter Kolkata now. Moreover, the reports have also confirmed that the project will run through Uluberia on December 2 and will then cover some other regions like Haldia, Purulia, Asansol, Durgapur, Behrampore and Chandannagar.

“We had begun the internet bus back in February 2009 and now the bus will tour the state. We hope to create awareness about the internet as we believe that continuous efforts will enable the common man to utilize the knowledge”, said Google India Director Mr. Vinay Goel, who further added that bus is primarily targeting the first time users of internet, public places and schools.

In the recently started Google Internet Bus Project, the bus actually works with schools of the towns and helps them to learn more and maximum about Internet and its uses. The Google Internet Bus project is an initiative of Google India which aims to all the people aware about internet services and its uses by taking it into those regions of the country, where no one can even imagine. Latest, the project has entered West Bengal and will be serving the region for some time.

With help of the Google’s Internet Bus, the brains behind the project have been able to efficiently take computers and mobile terminals (all connected to the Internet) in the hinterland of India. Moreover, the project has also successfully covered 11 states and 130 cities so far by travelling 50,000 km.

Steel Rates To Climb Further From Oct This Year, Says CMIE

As per CMIE report, domestic steel giants are likely to increase rates further during the month of October on account of a expected upswing in manufacturing as well as infrastructure construction actions.

In its monthly assessment, the Centre for Monitoring Indian Economy (CMIE) stated, “We expect steel companies to hike prices in October-November once industrial and infrastructure construction activity gathers pace.”

During the existing financial year, CMIE anticipates finished steel rates to average 7% higher than during the last fiscal.

It should be mentioned that steel rates have already mounted around 15% during the first quarter of 2011-12.

But, it has sharply reduced its growth estimation for finished steel fabrication for 2011-12 to 9.5% as against 12%.

“The downward revision is due to the lower-than-expected growth in demand for steel in the first quarter and a shortfall of iron ore likely to be faced by the steel units in Karnataka,” it said.

Previously, Tata Steel Managing Director HM Nerurkar stated that domestic steel demand was expected to nurture at around 9% in the existing financial.

The steel giant anticipates steel rates to stay stable, with rates climbing or dropping by Rs 1,000 a tonne for some time.

The majority of firms have inked coking coal agreements for the existing quarterly period at $315 per tonne, which is 40% higher than the year-ago level.

“If the ban continues for long, the plants located in Karnataka will have to cut down production,” the CMIE said.