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Bajaj Auto: Obvious move
Analysts say the company has not focused enough on the scooter segment as it saw bigger opportunity in motorcycles.

JLR acquisition a terrific decision: Ratan Tata
Tata Group Chief Ratan Tata today termed the buyout of Jaguar and Land Rover (JLR) as a "terrific decision" and hoped to bring back glory for the luxury brands.

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Sumit Bose takes charge as Disinvestment Secy
Sumit Bose, former 13th Finance Commission Secretary, today took charge as Disinvestment Secretary, at a time when the government is expected to come out with a roadmap for its equity sale in PSUs next month.
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BSNL extends time for VAS bids

The state-owned telecom major Bharat Sanchar Nigam (BSNL) has extended the deadline till January 4 for submitting bids to provide interactive value added services. - BSNL expansion plan hits rough patch - BSNL"s Rs 35k cr expansion hits rough patch - BSNL, MTNL directed to continue propping up loss-making ITI - ITI surges 11% - Govt approves extension of order benefits to sick ITI - Maharatna title likely tomorrow The last date for submitting the bids is December 29, which has now been revised to January 4, BSNL, which is one of the largest contracts for value added services (VAS) in the country, said in a communication without stating any reason. Looking at increasing its revenues from VAS services, BSNL had invited bids to provide such services using the unstructured supplementary service data technology. Unstructured supplementary service data (USSD) is a GSM service that allows high speed interactive communication between subscribers and applications across a GSM network. VAS includes non-voice services such as ringtones, videos, music and others and accounts for above six to eight per cent of the revenues of any operator. However, the telecom PSUs lags behind private operators in this space. BSNL has identified segments like entertainment, sports, astrology, lifestyle, Bolloywood, stocks and commodity information, news, and mobile commerce amongst others, for which the successful bidders have to source contents.


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