Idea Cellular announced merger with Vodafone India and its
wholly owned subsidiary Vodafone India Mobile Services, to create the
country’s largest telecom operator with over 400 million subscribers and
nearly 41% revenue market share.
transaction does not include Vodafone’s 42% stake In Indus Towers. Idea
and Vodafone will each hold equal stakes in the merged entity. The
shareholding structure will be achieved in the following manner :
Vodafone will sell 4.9% at a price of INR 110 per share to Idea’s
promoter – the Aditya Birla Group (ABG) – to reach 45.1% stake while
enabling ABG to reach the critical 26% stake threshold. The other 28.9%
shareholding will be held by non-promoter shareholders of Idea.
India is the largest producer of tractors in the world, accounting for
roughly one-third of the total global production. Tractors have been
playing an essential role in increasing agricultural productivity in
India, since 1961, when tractor production started in India. The tractor
industry volumes have grown at CAGR~10% over the last 4 decades.In the
financial year 2013-14, a record 6.3 lakh units of tractors were sold in
India on the back of good monsoons, strong crop output as well as rise
in crop prices.
FDI and the ‘Make in India’ initiative – what do these mean for the defense sector
by Vikram Bihani
Two extremely significant economic
initiatives by the Modi government are expected to have a widespread
impact on India on a generic level, and the defense sector on a specific
level. India as many of us might be aware, has the third largest
defense force in the world. Our defense budget for 2016-17 is INR 2,491
bn (which is 1.65% of the GDP in 2016-2017). Hence, the two initiatives
that are expected to become drivers of the economic growth, are
essentially focused on addressing these aspects.
Blockchain technology has emerged as one of the most exciting and one of
the most talked about innovations in recent past. While the technology
is not very commonly employed on a mass scale right now, the hype around
it has gone into overdrive. The technology is near the peak of
Gartner’s Hype Cycle for Emerging Technologies, despite the analyst
suggesting it is still five to 10 years from mainstream adoption.
Experts from multiple fields are already that suggesting blockchain will
have a huge impact on business operations and information security