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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.

PM may soon clear policy to help MSMEs
The Prime Minister’s Office (PMO) is taking a final view on the report of a task force which suggested easy access to bank finance and preference in public sector procurement to the micro, small and medium enterprises (MSMEs).

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UTV Software to raise Rs 100 cr by issuing warrants to LIC
Media and entertainment firm UTV Software today said its board has approved to raise Rs 100 crore by issuing non-convertible debentures to Life Insurance Corporation of India.
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Qualcomm expects 3G services to be a hit in India

The third generation (3G) services will be hugely successful in India as there is a great demand from mobile data services in the country, global communication technology major Qualcomm Chairman and Chief Executive Paul Jacobs said today. - MTNL takes franchise route to sell 3G services - BSNL says Nokia Siemens did not meet tender requirement - A cutting line - MTNL unveils pre-paid 3G service for Rs 300 - MTNL launches 3G mobile service in Mumbai - Samsung partners BSNL, MTNL for 3G services "3G has been a success worldwide. It is expected to be a success in India also as people are going to use more data," he said at a conference organised by the company here. Terming Indian telecom market as "exciting", Jacobs said, "Worldwide demand for mobile handsets, including high-end phones, is pretty good." He said India provides a unique opportunity on mobile broadband service as it is a nascent market and the wireless subscribers are growing rapidly. "By 2010, over 60 per cent of all broadband subscribers will be in the mobile segment. There are 117 million Internet capacity mobile devices in India, which is four times the number of PCs. This shows the opportunity of 3G," he said. On mobile high-end handset market, he said, "Obviously India is strong, China is strong, the US is fine. We are very excited about the opportunities in Latin America, Africa is up a little bit." Operators are expected to start 3G service in India by October next year.


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