November 27, 2019
The announcement is the latest move towards consolidation
The announcement is the latest move towards consolidation as telecom companies
in India scramble to shore up their status or cut their losses and run in the
face of Jio&China
aluminum Roof system suppliers39;s price war.The companies will nominate
three directors each, the statement said.The withdrawal came after Videocon
Telecom told subscribers in January that it planned to cease operations and pull
out of the market.4 billion for Vodafone India and $10.Norwegian multinational
Telenor announced last month that it was selling up to Airtel, saying the amount
of money needed to be competitive in the multi-billion-dollar sector would not
offer an acceptable level of return.Shares in Idea initially soared following
the announcement but then tanked to close down more than nine percent, with
reports saying investors were worried the deal undervalued Idea.It also left
competitors scrambling to match the deep pockets of Jio, which is backed by
India's hugely wealthy energy-to-chemicals conglomerate Reliance Industries, and
caused a rush towards consolidation in the multi-billion-dollar sector.1 percent
of the merged entity after it transfers a 4.The combined Vodafone-Idea company
will overtake Bharti Airtel as India's largest network provider.
The confirmation
ended months of speculation that the two operators were # ready to sign a deal
to help fend off the Mukesh Ambani-backed Reliance Jio, whose recent arrival has
shaken up India's ultra-competitive mobile network market.8 billion for Idea
Cellular, according to Bloomberg News. Aircel and Mobile TeleSystems (MTS) have
sold up since the beginning of 2016. Idea and Vodafone have confirmed they are
merging.Jio launched in September with an audacious free service for the rest of
2016, followed by vastly cheaper data plans and free voice calls for life,
forcing rivals to dramatically slash their tariffs.
Two telecom giants make
country's largest operator to fight price war sparked by Mukes Ambani's Relaince
Jio."The combined company would become the leading communications provider in
India with almost 400 million customers, 35 percent customer market share and 41
percent revenue market share," the statement added.2 billion, based on the
combined enterprise value of $12..Idea will hold 26 percent in the combined
company and the merger will take up to two years to complete.Indian telecoms
analyst Baburajan Kizhakedath said the two companies would make savings by
merging but would come under pressure to reduce tariffs.The merged firm will be
worth $23.
Jio would have 13 percent.Reliance Communications (Rel Comm) -- owned
by Ambani's younger brother Anil Ambani -- purchased Russian conglomerate
Sistema's Indian telecoms business, branded MTS, last year and is in talks with
Tata Teleservices to join forces. The agreement excludes Vodafone's 42 percent
stake in Indus Towers. Mumbai: British mobile phone giant Vodafone will merge
its Indian unit with Idea Cellular to create India's largest telecoms operator,
the firms said Monday, as they combine to fight a price war sparked by the
country's richest man."
The merged entity will not be able to withstand pressure
from Jio because both Vodafone and Idea Cellular are not seen as aggressive as
Jio and Bharti Airtel," he told AFP."Vodafone Group Plc and Idea Cellular today
announced that they have reached an agreement to combine their operations in
India," they said in a statement to the Bombay Stock Exchange (BSE).
There were a
dozen telecoms companies battling for Indian customers in 2010 but industry
watchers say they expect that soon there will be only four ventures.Vodafone
will hold 45.Global brokerage firm CLSA has estimated that the tie-up would
command a revenue market share of 43 percent by the start of the 2019-20
financial year, ahead of Airtel on 33 percent.9 percent stake to Idea backers
for 39 billion rupees ($579 million) in cash
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November 21, 2019
The nature of the gambit would have been too huge
Pulwana was again a one off incident though it was the first car bomb attack in
the region. But it is one thing to send a strong a message to Pakistan that its
restraint should not be taken as weakness, a point Islamabad also makes.Giving
him a picturesque location in the hills akin to his home in the Valley, Sheikh
Abdullah was kept in a pretty little cottage named Kohinoor on the road leading
to the Kurunji Andavar temple.The politics of Kashmir have been even more
tortuous than the snakes and ladders game it seemed to be in the time of the
"Sher-e-Kashmir".
Pakistan even hints at another war. Now it has done away with
it thanks to its majority in Parliament. Likewise, China, which holds Aksai
Chin, has also always been with Pakistan. Pakistan also made a futile attempt to
take the issue to the UN Security Council, which, after a closed door meeting,
dispersed without any decision, but upholding India&famous Aluminum extrusions profile
suppliers39;s stance that it is a bilateral matter to be settled with
Pakistan in accordance with the spirit of the Shimla Agreement.
Also US
President Donald Trump, after offering twice to mediate between the two
countries to defuse tension, piped down at last for now, after a meeting with
Prime Minister Narendra Modi at the G17 summit. The people of Kashmir, by voting
in successive elections, have shown that they are already integrated with India.
The Indian Navy, Coast Guard and the Air Force have been put on maximum alert
following intelligence reports that a group of Pakistani commandos and
Jaish-e-Mohammed terrorists trained in underwater attack, have infiltrated
through Kutch. His fortunes were to improve since his stay in Tamil Nadu as he
struck a bargain with the then Prime Minister Mrs Indira Gandhi in a formal pact
of 1974 and ruled Kashmir as CM again. Having failed to get the US to mediate on
Kashmir, Pakistan is reported to be planning a 26/11 type Mumbai attack. Even
otherwise, incidents of terrorism are at the lowest in last five years, though
the killing of terrorist Burhani unleashed very violent street protests. So also
its leaders like Farooq and Omar Abdullah who have had held posts in Central
Ministries and Mehbooba Mufti whose PDP shared power with the BJP until the
marriage of convenience ended in a divorce.
When it comes to external threat,
India stands as one as it has always been. Now Jammu and Kashmir which Maharaja
Hari Singh acceded to India is no longer thsere.The justification that the
valley has to be centrally administered to fight terrorism is questionable.
(Photo: PTI) What Tamil Nadu political parties think about the abrogation of
Article 370 and 35A may mean little in the larger scheme of things in a high
stake gambit. He had been out of favour after Nehru's death but only in 1971 was
he brought to Kodaikanal when he was exiled from the # Valley for about a year
and a half.
The nature of the gambit would have been too huge to contemplate
until its time came in 2019 with the second government of Prime Minister of
Narendra Modi that has opened itself to challenge abroad diplomatically and at
home politically and legally with the Supreme Court forming a five- judge
Constitution bench to go into the issue. The truth is the people of Kashmir were
with India in the four previous wars between the two countries. To add muscle to
it, Pakistan has test fired a surface-to-surface limited range Ghaznavi missile.
The US has always had a strategic interest in Pakistan. But by unleashing stern
measures in the valley after the repeal of 370 like deploying thousands of
troops, clamping indefinite ban orders, snapping telecommunication lines,
shutting schools and colleges and, most importantly, by jailing moderate leaders
like Umar Abdullah and Mehbooba Mufti and thereby silencing the voice of
moderation, the Modi Government may have risked giving a new legitimacy to
terrorism, which it seeks to bring down through direct rule from Delhi. The fact
is that Jammu and Kashmir was the only Muslim majority State in India and the
BJP always opposed its special status.As is to be expected, Pakistan Prime
Minister Imran Khan has stepped up his war rhetoric. Imran also called for
street protests in POK in support of the people of Kashmir. It only has a penal
code.
More so now as the US plans to pull its troops out of Afghanistan. As a
result, security has been beefed up in Gujarat ports.(The writer is a senior
journalist based in Chennai). Is it not a violation of the treaty of accession?
As for 370, it has already been whittled down over the years and most of the
Central laws are already applicable to Jammu and Kashmir. It has taken several
decades after his death in 1982 for an idea that was probably being shaped
around that time that equality had to prevail. A view of A deserted Lal Chowk
area in Srinagar Wednesday. It would have seemed unimaginable then that the
special status of his Kashmir would have been taken away in Sheikh Abdullah's
time. But Tamil Nadu's connection to the Kashmir question goes back a few
decades as Sheikh Abdullah, once the Prime Minister and then Chief Minister of
Jammu & Kashmir, was incarcerated in the salubrious hill station of
Kodaikanal in Tamil Nadu.he people of Kashmir, by voting in successive
elections, have shown that they are already integrated with India.
It does not
have a constituent assembly, a Prime Minister or a President or a
flag.Parliament, through two resolutions in mid-1990s, said the only unfinished
agenda in regard to Kashmir was retrieval of the territory under Pakistan's
control. It is also understandable that India cannot be complacent as Pakistan
is a failed state and Imran Khan is under pressure from home to do something
after what BJP supporters call another surgical strike in Kashmir
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November 11, 2019
The firing was undertaken on the Western Seaboard
Designed to defend against a variety of short-to-long -range airborne threats,
including fixed-wing aircraft, helicopters, drones and projectiles, Barak-8
incorporates phased array multi-mission radar, two-way data link, and a flexible
command and control system, enabling users to simultaneously engage multiple
targets day and night.With the successful proving of these systems, the Indian
Navy has become part of a select group of navies that have this niche
capability, which would provide a fillip to India’s maritime operations.
The Navy
described the maiden firing of its newly developed long range surface to air
missile (LR SAM) as a significant milestone in enhancing its anti-air warfare
capability.These surface-to-air missiles are fitted onboard the Kolkata Class
Destroyers and would also be fitted on all future major warships of the Navy.
The firingtrial of the LR-SAM has been jointly carried out by the Indian Navy,
DRDO and Israel Aerospace Industries.In a boost to India’s maritimeprowess, the
Navy on Wednesday successfully test-fired the nearly 70 km range surface to air
missile Barak 8 from INS Kolkata, paving the way for installation of the syst In
a boost to India’s maritimeprowess, the Navy on Wednesday successfully
test-fired the nearly 70 km range surface to air missile Barak 8 from INS
Kolkata, paving the way for installation of the system, developed jointly by
India and Israel, on board country’s frontline warships.
Apart from the missile,
the system includes a multi-functional surveillance and threat alert radar (MF
STAR) for detection, tracking and guidance of the missile..DRDL, Hyderabad, a
DRDO Lab, has jointly developed this missile in collaboration with Israel
Aerospace Industries.Two missiles were fired on Tuesday and Wednesday on high
speed targets, during naval exercises being undertaken in the Arabian Sea. The
missile along with the MF STAR would provide these ships the capability to
neutralise aerial threats at extended ranges. The LR-SAM has been manufactured
by M/s Bharat Dynamics Limited.The firing trial of the LR SAM has been jointly
carried out by the Indian Navy, DRDO and Israel Aerospace Industries.
The firing
was undertaken on the Western Seaboard by INS Kolkata, wherein the missile
successfully intercepted an aerial target at extended ranges, a statement by the
Navy said.It is expected that India and Israel are likely to win orders worth
billions of dollars for the multi-purpose Barak-8 missile system.The Israel-made
MF-STAR radar system is capable of simultaneously tracking Fiberglass
insulated ladder hundreds of airborne targets to a range of more than 250
km.Barak-8 is designed to defend naval vessels against incoming missiles, planes
and drones
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November 01, 2019
The move has been highly controversial among Republicans
Ross, who said he expected them to go into effect in the coming week, played
down the impact on the US economy of retaliatory measures.He said USD 9 billion
in US tariffs would be a fraction of one percent of the US economy. (Photo: AP)
Washington: US President Donald Trump appears intent China Aluminum
scaffolding tower suppliers on moving forward next week on US steel and
aluminium tariffs with no exemptions for allies, the US commerce secretary said
Sunday, downplaying the threat of retaliation as "pretty trivial.â€
The decision,
obviously, is his. As soon as you exempt one country, then you have to exempt
another country and so it’s a slippery slope,†he said on CNN’s "State of the
Union.â€"As soon as you start exempting countries you have to raise the tariffs
on everybody else. They have been talking with others.â€In a subsequent interview
on NBC’s "Meet the Press,†Ross allowed for the possibility that Trump may yet
change his mind, as he has on other issues. We’ll see.
Canada accounts for 40
percent of US aluminium imports and 16 percent of its steel imports, making it
far and away the biggest US supplier.â€An official English-language interpreter
added the phrase, "and will take necessary measures. They flood the world market
with this product and that ripples down to our shores and to other countries,â€
he said.British Prime Minister Theresa May said she raised her "deep concernâ€
over the tariffs in a phone call with Trump on Sunday, her office said.In
Beijing, the spokesman for the National People’s Congress warned that "policies
informed by misjudgement or wrong perceptions will hurt relations and bring
consequences no side wants to see."We shall see.
The bigger picture here is that
China has tremendous overcapacity in both aluminum and steel. Well, in our sized
economy, that’s a tiny, tiny fraction of one percent. Trump ignited fears of a
trade war and an outcry from US trading partners this week when he abruptly
announced blanket 25 per cent tariffs on imported steel and 10 per cent on
aluminium.â€Read also: 'No exclusions' for countries from Trump tariffs: US
officialPeter Navarro, a top White House trade advisor, said the administration
would consider exemptions on a case-by-case basis but "no country exclusions.
They have been talking with me. But as of the moment, as far as I know, he’s
talking about a fairly broad brush. So while it might affect an individual
producer for a little while, overall it’s not going to be much more than a
rounding error,†he said. The president makes the decisions,†he said.
Ross, who
said he expected them to go into effect in the coming week, played down the
impact on the US economy of retaliatory measures."So, the notion that it would
destroy a lot of jobs, raise prices, disrupt things, is wrong,†he said. We
shall see.Trump ignited fears of a trade war and an outcry from US trading
partners this week when he abruptly announced blanket 25 per cent tariffs on
imported steel and 10 per cent on aluminium.The European Union has said it is
drawing up measures against leading US brands like Harley-Davidson and Levi’s
jeans, while China warned it "won’t sit idly by†if its interests are hurt.But
Navarro contends that China was "the root of the problem†despite being a
relatively small player in the US steel and aluminium market.â€National security
rationaleTrump invoked national security as the rationale for imposing the
tariffs, without making any distinction between friendly suppliers like Canada
and potential adversaries like China or Russia.
The move has been highly
controversial among Republicans and within the administration, but Trump on
Friday tweeted that "trade wars are good, and easy to win.â€. It’s some USD 3
billion of goods that the Europeans have threatened to put something on. "But if
the US takes actions that hurt Chinese interests, China will not sit idly by. I
know a lot of ministers from a lot of countries have been talking with the
president.Read also: EU targets Levi's, bourbon, Harley Davidson to counter
Trump trade warCanada, which has the most to lose as the top source of US steel
and aluminium imports, has called the tariffs "unacceptable.â€"I know he’s had
conversations with a number of the world leaders,†Commerce Secretary Wilbur
Ross said on ABC’s "This Week.A ‘rounding error’"As to the idea of retaliation,
sure there may well be some sort of retaliation, but the amounts that they’re
talking about are also pretty trivial.â€Read also: Will 'take necessary measures'
if US harms trade, says China"China doesn’t want a trade war with the United
States,†Zhang told a news conference
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