Current Events-Business & Economy
Wholesaler Metro faces fresh retail trade charges
Minimum bill size has to be Rs 1000 for purchase at Metro
Metro Cash & Carry, the German wholesale major, is facing fresh allegations of carrying out
The wholesaler got its Agricultural Produce Marketing Committee (APMC) licence renewed
recently in West Bengal. The fresh allegations of
carrying out retail trade have come from the
Forward Bloc, a constituent of the Left Front
government in Bengal, which had been opposing
the entry of Metro on this ground.
Forward Bloc-controlled APMC in the state has
submitted a report stating the instances of
violations of the terms of the Regulated Market
Committee (RMC) licence. Traders have to
purchase articles worth a minimum of Rs 1,000 from the Metro store to keep the household
buyers away as per the terms of the licence.
Metro Cash & Carry says that its wholesale centres are open exclusively for professional
business customers. All of them are registered and provided with a customer identification
card. This means that the company does not sell to household customers. Metro caters to
groups of hotels, restaurants, caterers as well as kirana stores and other small retailers by
offering a wide assortment of 18,000 articles, comprising food and non-food products.
Earlier, the Forward Bloc had suggested that the minimum bill amount per customer should
raised to Rs 5,000. Metro outlets in Bangalore and Hyderabad had Rs 1,000 as the minimum
bill size, but it was for multi-item sale. Buyers in Kolkata were getting items 20-30 per cent
cheaper than the maximum retail price (MRP). For instance, an LG DVD player marked at Rs
3,990 in showrooms was being sold at Rs 2,932 at Metro. A 500-gm Horlicks pack was
priced at Rs 109 against MRP of Rs 121.
Retailers said Metro products offered better quality at a price lower than wholesale market
prices in the city.
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Deepak Parekh is CNBC's Outstanding Business Leader of 2008
Mukesh Ambani was chairperson of the Jury
Deepak Parekh, Chairman, HDFC, won the Outstanding Business Leader of 2008 while
Mukesh Ambani's Reliance Industries Ltd won the
Outstanding Company of the Year at the fourth edition of India
Business Leader Awards given by CNBC-TV18 recently.
Other winners include:
First Generation Entrepreneur Of The Year–Atul Punj,
Chairman, Punj Lloyd
Most Promising Entrant Into The Big League–Ashwin
Dani, MD, Asian Paints
Taking India Abroad! (Brand India)–Naresh Goyal,
Chairman, Jet Airways
Social Enterprise Of The Year–Akshay Patra
Outstanding Contribution To The Cause Of Indian Business–Kamal Nath, Minister,
Commerce & Industry
Lifetime Achievement Award–Keshub Mahindra, Chairman, M & M
Entertainment Business Leader–Aamir Khan
Sport Business Leader–Lalit Modi, Chairman, IPL
Outstanding Woman Business Leader–Chitra Ramakrishnan, Deputy MD, NSE
The India Business Leader Of The Year–Uday Kotak, VC & MD, Kotak Mahindra
India Innovator Of The Year–Ajay Piramal, Chairman, Piramal Healthcare
The Corporate Citizen Of The Year–Sumit Banerjee, MD, ACC Ltd
The Talent Management Award–S Ramadorai, MD & CEO, TCS
Israel's SC directs Sun, Taro to renegotiate
Court will intervene if the two sides fail to reach agreement
The Israel Supreme Court has directed Sun Pharmaceutical Industries and Taro
Pharmaceutical to renegotiate the takeover dispute between the two companies. Sun Pharma
said that both camps, including the Taro promoter Barrie Levitt and Moros families, agreed to
a mediation process to resolve the dispute. If no agreement is reached, any of the parties can
request the Supreme Court to issue a judgment on the dispute.
Taro had demanded a 58 per cent premium, or $15 per share, in cash to effect a merger with
Sun Pharma during the negotiation rounds. Sun Pharma rejected the offer citing it was
beyond the worth of Taro.
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In May last year, Taro terminated the $454-million merger deal with Sun Pharma. Sun
challenged it in the US and Israeli courts and triggered an open offer to acquire Taro's
outstanding shares. Taro and some of its directors appealed in the Supreme Court against the
applicability of the special tender offer rules under the Israeli Companies Law to the Offer.
This was after a Tel-Aviv District Court ruled in favour of Sun that a special tender offer was
Nahata, Dhoot close to agreement over Datacom
The dispute had delayed the launch of Datacom's services
The feud between Mahendra Nahata, Chairman of Himachal Futuristic Communications Ltd,
and Videocon promoters Dhoot family over control of Datacom is finally close to a
resolution. As part of the compromise formula being worked out, HFCL's telecom business
in the Punjab circle may be merged with Datacom even as the Dhoots are likely to agree to
buy out Nahata's 36 per cent equity stake in Datacom.
Datacom was among the new players which got licences to offer mobile services across the
country. Datacom was initially owned by Nahata-promoted Jumbo Techno Services.
Videocon later picked up 64% stake in Datacom. The dispute began after Nahata alleged that
the Dhoots were not fulfilling their commitments made during the initial agreement. Dhoot
had promised to pump in money into the company as equity but later offered a loan to finance
the mobile services project.
The dispute between the two promoters has not only delayed the launch of Datacom's cellular
services by at least four months but also driven away prospective international investors from
picking up a stake in the company. Etisalat, which had recently picked up 45 per cent stake in
another new telecom company — Swan — had earlier shown interest in Datacom. Similarly,
Telenor, which is now reportedly talking with Unitech to acquire a stake in its new telecom
venture, was also close to striking a deal with Datacom.
The company has also lost its Chief Executive Officer, Ravi Sharma, who quit the company
on the grounds that the dispute was delaying Datacom's business decisions.
Tata tea blends socially conscious advertising with brand building
The Jaago Re! One Billion Votes campaign strengthens brand loyalty
Tata Tea's Jaago Re! One Billion Votes campaign is stirring the conscience of young Indians.
The campaign, launched in September last year, creates a platform which facilitates citizens'
entry into the electoral process. The website www.jaagore.com hosts a voter registration
engine that allows people to fill in voter registration forms online. Almost 250,000
youngsters have registered for voting through the site.
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The Jaago Re! campaign is an extension of the brand's previous campaign in which a young
man questions a politician's qualification on being asked to vote. Tata Tea's market share
increased from 19.4% in Dec 2007 to 20.6% in Dec 2008 and the increase could be attributed
in part to the two campaigns.
"We wanted to combine four of our brands: Tata Tea Premium, Tata Tea Gold, Tata Tea
Agni and Tata Tea Life under one umbrella brand. We wanted the mega brand to have a
positioning and aura that no other brand could copy. Hence we came up with the tag line
Jaago Re! for this umbrella branding exercise. The idea was that while other brands wake you
up, Tata Tea awakens you," said the Tata Tea marketing director.
The Jaago Re! website has emerged as the medium through which people are encouraged to
vote. After filling the online voter registration form, one has to take this form to physically
register at the regional election office. The site offers an interactive Geographic Information
System application to facilitate location of one's electoral ward. Street-level maps of major
cities with constituency boundaries are available. The data is currently available for 35 cities.
Bangalore-based non-governmental organisation (NGO) Jaanagraha conceived this idea.
Jaanagraha works with citizens and the state to improve the quality of life in India's cities and
towns. Tata Tea came in as its corporate partner to provide funding. Youth-oriented
institutions like Infosys, Wipro, Mt Carmel, St Xaviers, IIT -Madras and IIT-Delhi are
covered by a team of Tata Tea and Jaanagraha. The team has visited around 250 colleges
across the country. The target is to enroll as many first-time voters as possible.
The company believes that the campaign had strengthened brand loyalty.
Cola wars reach Indian Premier League
Coke catches Pepsi's drop news
The battle between cold-drink rivals Coca-Cola and Pepsico has extended into the Indian
Premier League cricket, where the two global giants are bidding against each other for
sponsorship of both individual players and league teams. The battle when Pepsi dropped Shah
Rukh Khan, the Bollywood idol and co-owner of the Kolkata Knight Riders (KKR), saying it
wanted younger brand ambassadors. Even as Khan publicly complained about the manner of
his 'sacking', Coke was quick to pick up sponsorship of his entire team.
Coca-Cola, which is planning to push its Sprite brand of clear-lemon drink through KKR, has
signed a two-year deal with the team. This will ensure that iconic KKR players like Ishant
Sharma (who currently endorses Pepsi) and former India captain Saurav Ganguly (who was
dropped by PepsiCo last year) will endorse Coca-Cola's products in the coming IPL season.
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Coca-Cola's sponsorship deal includes merchandise branding rights - T-shirts, jerseys,
helmets, caps - in-stadia branding rights on perimeters and dug-outs, aligning with the team
as a beverage partner, serving Coca-Cola beverages in home stadiums and various
promotions by KKR team players.
At the same time, PepsiCo has closed a new deal with India Cements-owned Chennai Super
Kings, which it already sponsors. The two companies are now in talks to produce co-branded
cans of beverage. It is also reported to be in talks with Mukesh Ambani's Mumbai Indians.
Meanwhile Coke, which recently bagged the Delhi Daredevils, is also in talks with the
Punjab Kings XI, owned by actress Preity Zinta and industrialist Ness Wadia.
Interestingly, Delhi Daredevils captain Virender Sehwag as well as Ishant Sharma feature in
Pepsi's new cola commercial.
The IPL sponsorship tussle between Coca-Cola and Pepsi goes back to three months ago,
when PepsiCo cancelled its five-year in stadia sponsorship contract signed with the Board of
Control for Cricket in India (BCCI) because Coca-Cola had signed a 'category exclusive' onair
sponsorship deal with IPL's broadcast partner Sony Entertainment Television, MAX. That
deal gave Coke the right to air its advertisements in commercial breaks, and category
exclusivity meant that rivals like Pepsi were not allowed to advertise on television during the
"We had committed Rs 10 crore a year till 2013 to be IPL's beverage partner. Yet we could
not get a single spot aired on Sony Max, as Coca-Cola picked up the sponsor slot for about
Rs 16-18 crore, blocking the entire category," said a Pepsi official.
Coca-Cola is expected to pay around Rs 6 crore to as sponsorship to KKR, the team jointly
owned by Shah Rukh, actress Juhi Chawla and her husband Jai Mehta. KKR has been
scouting for a title sponsor ever since real estate major Housing Development and
Infrastructure Limited (HDIL), which picked up the deal last season, pulled out this year
because of the economic slowdown.
Fiat in technology for stock swap deal with Chrysler
Fiat will provide small car technology in return for access to Chrysler's US distribution
Italy's Fiat SpA has picked up a 35% stake in American auto major Chrysler. Fiat, with its
much stronger balance sheet, will not pump cash into the ailing Chrysler LLC, but will help
retool its plants and improve manufacturing technology. The partnership will focus on Fiats
popular Mini and upper-medium product platforms, and on helping Chrysler access more
fuel-efficient and smaller engines and transmissions.
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In return, Fiat will get access to the American market for its small cars. Chrysler, the thirdlargest
US automaker, would get access to Fiat's car line-up and global sales network to
reduce its dependence on trucks and the North American market, while Fiat would expand its
US foothold, which is now limited to its luxury brands.
Industry analysts believe that the Chrysler Fiat tie-up seems to be a win-win affair with
minimal downside risk for either party particularly in view of prospects of more US bailout
dollars to Chrysler down the line. Most automakers are struggling because of worldwide
recession and the huge drops in auto sales that has brought. Chrysler is surviving on a $4
billion federal loan and will ask for more next quarter.
Chrysler relies heavily on sales of trucks and sport-utility vehicles, a particularly badly hit
segment of the market. The US automaker, which owns the Jeep, Dodge and Chrysler brands,
is 80.1 per cent owned by Cerberus, which paid $7.4 billion for its stake in 2007. The rest is
held by Germany's Daimler, its former parent. Daimler has virtually written off its remaining
The Fiat–Chrysler deal may also have an unanticipated benefit for Tata Motors, Fiat's Indian
partner, retailing Chrysler brands like the Jeep Cherokee in India. Tata Motors has a
technology and marketing arrangement with Fiat and the two companies are believed to have
discussed the possibility of building a low-cost car jointly.
Goodbye gherkin, hello tomato
Tomato replaces pickle on Heinz logo
After more than 110 years, H.J. Heinz Co. is giving the tomato top billing on its namesake
ketchup and bumping the pickle from the label of one of
America's most iconic brands.
Bottles of the market-leading ketchup with the new label
are shipping now and should arrive in stores next week.
The image of a single, large, vine-ripened tomato is much
larger than the pickle it's replacing and better reflects
what's inside the bottle, said Noel Geoffrey, director of
ketchup for Pittsburgh-based Heinz.
Playing up ketchup's natural roots also feeds into
consumers' growing desire for more wholesome, natural foods, analysts and the company
said. The new label includes the tagline "Grown not made." Founder H.J. Heinz used a
"pickle pin" to attract attention to his booth at the World's Fair in Chicago in 1893. The pins
were popular, and the branding stuck.
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The company still gets as many as 15,000 pickle pin requests a year through its Web site and
a consumer hot line. In testing, mothers — the target buyers — said having the tomato on the
label helped them make the connection with the product's main ingredient.
Heinz, the world's largest processed tomato company uses only tomatoes grown with its socalled
HeinzSeed seeds for its ketchup. The HeinzSeed program supplies six billion hybrid
tomato seeds a year developed to produce tomatoes that are disease-resistant and to produce a
High price deters Cobra Beer suitors
Mallya willing to buy Cobra if valuation is revised
The £200 million valuation of the UK-based Cobra Beer, which is up for sale, may deter
suitors like United Breweries from making a strong bid for the company. United Breweries
Chairman, Vijay Mallya, recently said he was willing to bid for the company's UK business.
UB wants Cobra to bring down the valuation. In spite of such a "high" valuation Cobra Beer
is yet to post any profits, though it is considered one of the fastest growing beer brands in the
UK. Mallya said he was more interested in the UK business of Cobra Beer, because it will
give his company a deeper access to over thousands of restaurants in Britain that sell Indian
Cobra Beer's promoter, Lord Karan Bilimoria, who founded the company 18 years ago, has
appointed NM Rothschild & Sons to look for a buyer. After putting the company for sale,
Lord Bilimoria recently announced that he plans to sell the company's UK and Asia
Cobra Beer has a 76 per cent stake in Iceberg brewery in Bihar and has bottling arrangements
with eight breweries across the country. Cobra Beer sells three brands in India, which include
King Cobra, Cobra Beer and strong beer Iceberg. It has a turnover of over Rs 100 crore in its
The per capita consumption of beer in India is slightly over 1 litre, compared with about 23
litres in China.
Tatas tie up with Inditex
Follows similar such ventures with Benetton and Tesco
Trent, the retail arm of the Tata group, announced a joint venture with Spanish fashion
retailer Inditex Group, to bring in Zara stores in India. Zara is an international fashion retailer
owned by Inditex.
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According to the memorandum of understanding (MoU), Inditex would hold 51 per cent
stake in the JV while Trent would hold 49 per cent. The JV plans to open stores in 2010 in
New Delhi, Mumbai and other major cities in the country.
Inditex has Zara, Pull and Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home
and Uterqüe brands which together have more than 4,200 stores in 73 countries worldwide.
The company has more than 86,000 employees throughout the world and posted sales of Euro
9.5 billion in 2007.
The tie-up with Zara follows Trent's tie-up with the UK's largest retailer Tesco for using
Tesco's supply chain and IT systems in India. In September 2007, Trent inked a deal with
Benetton of Italy, under which Trent would be the exclusive franchisee for one of Benetton's
premium brands Sisley.
Google Maps offers Latitude in India
The new service allows sharing of one's whereabouts with friends
Google, which accounts for nearly 80 per cent of all online searches, has
launched a new service, Google Latitude, that lets cellphone users share
their location with friends. The service is part of Google Maps for
Mobile, the company's mapping software for mobile phones, but can
also be used through a gadget loaded onto its iGoogle customised home
page. It will work in 27 countries at launch.
Latitude can be downloaded on the mobile phone and invitations can be given to friends and
family to join the service. The location-based service only works with prior permission from
the other person. The service also allows the user to communicate with friends through text
messaging, instant messaging or a phone call.
The application is independent of mobile operators and can be downloaded free from the
Google website. The only cost that the consumer will have to pay is the data packet charges
that are levied by the mobile operators.
Latitude will work on Research In Motion Ltd's Blackberry. Devices running on Symbian
S60 devices, Microsoft's Windows Mobile and some T-1 Mobile phones running on
Google's Android software will also support the service.
Latitude also helps you find the nearest eating joint, cinema hall or shopping mart near you or
near the destination of your choice. It uses Google's technology to judge a user's location not
just by Global Positioning System (GPS) satellite, but also by proximity to mobile phone
towers and wireless networks.
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Companies like Verizon Wireless, owned by Verizon Communications, and Vodafone
already offer a similar service called Loopt's service in the US and the UK respectively. The
service works on Apple's iPhone.
KBC in Sony's kitty
Channel also acquires rights to Slumdog Millionaire
The rights to Kaun Banega Crorepati (KBC), held by Star Plus for eight years, have been
acquired by Sony. The popular game show is likely to make a comeback in the next few
months. Multi Screen Media, formerly Sony Entertainment Television, has bought the rights
to the game show format 'Who Wants to be a Millionaire?' for an undisclosed sum from
Sony Pictures Television, the Japanese company that now owns the rights. Star India —
which hired Amitabh Bachchan and Shah Rukh Khan to host three seasons of KBC — did
not renew its contract with Sony Pictures to make the game show.
In a related development, Multi-Screen Media has also bagged the satellite television rights to
the English and Hindi versions of Slumdog Millionaire from Fox Star Studios India. The
Oscar-nominated film captures the story of a young slum-dweller who wins the big prize
money in a KBC-like television quiz show. In fact, there is speculation that Sony may have
actor Anil Kapoor, who plays the anchor in Slumdog, as the anchor for the real-life KBC.
Media expert say that Sony is probably using the film and the show as an attempt to ramp up
viewership which is way behind that of the top two channels — Star Plus and Colors.
The Sony executive said the channel will first air the film and then exploit the popularity of
the film to launch its version of Kaun Banega Crorepati.
Though KBC turned around the fortunes of Star India and pushed it to the number-one
position when it first launched with Amitabh Bachchan in 2000, its popularity during the
third season (2007) with Shah Rukh Khan diminished.
Facebook volte face on new user terms news
Site will not hold user date after account ends
Confronted with massive protests from tens of thousands of users, the popular networking
site Facebook has backtracked on its recently introduced user policy which allows it to retain
data even after an account has been deleted or cancelled. The site, which boasts 175 million
has now reassured its users that it will revert to the old terms, at least for the time being.
Users who logged on to Facebook were greeted by a message saying that the site is reverting
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The latest controversy was not the first between the rapidly growing site and its users over its
five-year history. In late 2007, a tracking tool called "Beacon" caught users off-guard by
broadcasting information about their shopping habits and activities at other websites. After
initially defending the practice, Facebook ultimately allowed users to turn Beacon off.
The Palo Alto, California-based Facebook is privately held. Microsoft Corp bought a 1.6 per
cent stake in the company in 2007 for $240 million as part of a broader advertising
partnership. The row and reaction to the Facebook changes to its terms of service reflect a
wider issue about user data and who owns the personal information - from comments, to
photos and videos - stored on social network accounts, and what happens to it if a user
decides to leave a service.
In the US, the public interest group Electronic Privacy Information Center had warned it
would file a formal complaint with the Federal Trade Commission about the new terms of
Swedish carmaker Saab files for bankruptcy
GM plans to sell Saab, retain Opel and Vauxhall
The board of the Swedish carmaker Saab, which is owned by General Motors, has filed for
reorganisation, seeking to create a fully independent business.
GM has said that it wants to sell Saab. There had been concerns
about the loss-making carmaker after the Swedish government
rejected GM's call for aid. GM took a 50-per cent stake in Saab in
1989 and gained full ownership 10 years later.
The reorganisation will enable Saab to separate itself from GM and
bring resources back to Sweden. It will place Saab under court
supervision, with the aim of creating an independent organization.
Saab lost about 3 billion Swedish crowns or $343 million in 2008 and said it would lose a
similar amount this year. But the immediate cause of the filing was GM, which decided to
shed the Saab brand, as part of are structuring that will see massive job cuts and closure of
several brands in exchange for access to government cash.
The Swedish government had ruled out taking over Saab, saying taxpayers' money shouldn't
be pumped into a company that's been unprofitable for 19 of the last 20 years. Saab has
struggled since GM bought half of the automaker in 1990 from Investor AB, the Wallenberg
family's publicly traded holding company. Saab has been on life-support for most of the past
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GM has set March 31 for deciding on all its European divisions' future as the Detroit-based
carmaker seeks as much as $16.6 billion in new US federal loans, which hinge on stemming
losses and debt. General Motors aims to cut $1.2 billion from labor costs in Europe and
options include closing plants.
GM said in a report to the US Treasury on 17 February that it
would end financial support for Saab by 1 January 2010. GM
said later that its Ruesselsheim, Germany-based Opel
division and Luton, England-based Vauxhall unit are integral
Saab traces its origins to aircraft company Svenska Aeroplan
AB, founded in 1937 to secure production of Swedish
warplanes. The first car left the factory a decade later. The
automaking operation is now separate from Linkoeping, Sweden-based Saab AB, the maker
of the Gripen fighter plane.
Lego, Disney announce alliance
Lego will develop toys based on hit Disney movies
The Lego Group and Disney Consumer Products have announced a multiyear
licensing agreement that gives the toy brand access to an extensive
portfolio of renowned Disney and Disney-Pixar properties. Lego and Lego
Duplo products are currently in development for three franchises – Disney-
Pixar's 'Toy Story' and 'Cars', and 'Prince of Persia' – all scheduled to
launch in 2010.
Lego System products based on 'Toy Story' and 'Toy Story 2' will be
launched in January 2010, to be followed in May by construction sets
based on the new animated feature, 'Toy Story 3', scheduled to hit theaters in Disney Digital
3D June 2010. 'Toy Story' themed Lego Duplo products will be launched in June 2010.
A line of Lego System construction toys, based on Walt Disney Pictures' and Jerry
Bruckheimer Films' 'Prince of Persia: Sands of Time', produced by Jerry Bruckheimer,
directed by Mike Newell and scheduled to release in May 2010 is also in development.
The film, based on the best-selling video game franchise of the same name, stars Jake
Gyllenhaal, Ben Kingsley, Alfred Molina and Gemma Arterton in an epic tale of Prince
Dastan's struggle to stop an evil ruler from unleashing a sandstorm that could destroy the
world. Prince of Persia-themed LEGO products are scheduled to launch in April 2010.
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GM to phase out the Saturn by 2012
The biggest carmaker in the US plans to reduce Pontiac output also
General Motors has said that it would phase out its Saturn brand by 2012. In 1985 GM
launched the Saturn in response to the success of Japanese and German small-car imports in
the United States.
GM also added that it was considering its options for the Pontiac division. The
Pontiac name, part of the car business since 1932, could remain on some
models, but may no longer be a separate division. GM said Pontiac would be a
"focused brand" with fewer models. GM submitted a viability plan to the
government in which it stated that it plans to cut its brands to just four:
Chevrolet, Cadillac, Buick and GMC. GM was known for its concept of "a car for every
purse and purpose" its strategy during the 1920s for retaining buyers from their first car to
GM CEO Rick Wagoner, cited the economic downturn as the reason GM was phasing out
Saturn. Saturn sold 188,004 vehicles in 2008, down 21.7 per cent from the previous year. Its
best-selling vehicle was the Saturn Vue, a small sport utility vehicle.
Kraft Crafts New Brand Identity
The objective is to distinguish between its corporate and product brand identities
Kraft Foods, which owns brands like Velveeta and Oreo, has unveiled a new corporate logo
and brand identity, a move analysts say could better position the
food company against private label goods. The new logo was
conceived as part of a several month design process, where more
than 7,000 employees and consumers worldwide were asked for
their feedback. Kraft asked consumers in cities like Chicago,
Paris and Shanghai questions such as: "What do you look for
in a food company?" "How do you engage with food
generally?" and "What are the moments of that relationship
that are important to you?"
Bearing the slogan, "Make today delicious," the new Kraft logo consists of an upward, red
smile exploding into an array of seven "flavor bursts," each of which represents a different
division of Kraft's business. The triangular shape, for instance, is meant to evoke Kraft's
DiGiorno pizza brand. The logo will begin appearing on the back and side panels of Kraftbranded
foods worldwide. Kraft worked with design agency Nitro on the launch. The food
giant has undergone a series of logo and name changes throughout its 106-year history. The
latest logo is an attempt by Kraft to distinguish between its corporate and product brand
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14th Annual Global Mobile Awards
Airtel won for best use of mobile for social & economic development
The GSM Association announced the winners of the 14th Annual Global Mobile Awards at
the Mobile World Congress in Barcelona recently. The Winners are:
Best mobile game: Gameloft–Real Football 2009
Best mobile music or video service: BBC iPlayer on Mobile
Best mobile advertising service: Turkcell–Tonla Kazan
Best mobile TV service: MobiTV
Best mobile enterprise product or service: Vodafone–Vodafone Global Enterprise
Best mobile internet service: Nokia–Nokia Sports Tracker
Best mobile money service: Safaricom and Vodafone–M-PESA
Best Mobile Handset or Device: INQ–INQ1
Best broadcast commercial: KT Freetel – 'Show is…'
Best mobile brand campaign: R/GA London–Nokia Urbanista Diaries
Best use of mobile for social and economic development: Nuance Communications–
Airtel-T9 India Consumer Vernacular Messaging Campaigns
Best mobile technology breakthrough: RIM–BlackBerry Storm 9500 SurePress Screen
The green mobile award: Smart Communications–Alternative power for cell sites
GSMA's CEO award for outstanding environmental contribution: Nokia
Government leadership award: The Government of France
GSMA chairman's award: Research in Motion (RIM)
BPTP seeks to surrender plot it bid for Rs 5,006 cr.
India's biggest land deal falls apart
Realty player Business Parks and Town
Planners (BPTP) has applied for the surrender
of a 95-acre commercial plot at Sector 94,
Noida, that it had bought for Rs 5,006 crore, as
it was unable to complete the payment. It was the biggest land deal the country ever
witnessed. BPTP has made an application to the New Okhla Industrial Development
Authority (Noida) for surrender of the plot. The company said it made the application after
the UP government, in its new policy, gave developers options to get their payment plan
rescheduled and seek benefits of moratorium. The policy had also allowed developers to
surrender the plot after paying a penalty of 10 per cent of the amount that it had deposited to
the authority. The company will, however, not get the balance amount and instead will be
offered land after paying the penalty.
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