Reliance is again in the news. Whether these are for good reasons or bad depends on from which side of the bed you wake up. True to style, corporate moneybag Mukesh Ambani made an explosive launch. His 97 per cent subsidiary, Reliance Jio, unleashed a telecom service that took the industry by storm. Bandied as the cheapest mobile data network anywhere in the world, Jio made people take notice. Not just that. India woke up that day with their Prime Minister smiling at them from the first page of newspapers. It was a masterstroke to show the second citizen of the country as a surrogate ambassador.
Within a few days, embattled brother Anil Ambani struck. His Reliance Communication, he said, would merge with Aircel in the mother of all mergers, making it the largest amalgamation in the Indian telecom space. It would have an asset base of Rs. 65,000 crore and net worth of Rs. 35,000 crore. The others weren’t far behind. Airtel and Vodafone cut data rates to keep up with the Joneses, sorry Jio. Next, they hit where it hurt most: the two companies didn&rs
Light at the end of the tunnel Ė Cauvery Management Board to be set up
Light at the end of the tunnel Ė Cauvery Management Board to be set up. The Cauvery water dispute has a long and chequered history. Tamil Nadu lacks a perennial river and until 1974, the state had a lionís share of Cauvery waters.
Nellore in Andhra Pradesh, 175 kilometers north of Chennai on NH16 has for long been a high quality rice granary. A few decades ago, it earned fame as the shrimp capital of India. And itís now all set to herald a housing revolution, if the pilot project for mass housing using the GFRG technology hits off.
It has been a long-standing demand of the commercial vehicles industry: government should incentivise scrapping old trucks. Of course this would encourage sale of new vehicles. But there is a chain of upgrades that would take time to replace a very old vehicle with a new one.
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.