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Bharti to buy Bangladesh mobile operator
Telecom giant Bharti Airtel is set to buy the majority stake in Bangladesh"s fourth-largest mobile phone operator Warid from its Abu Dhabi-based owners.

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Business Standard / New Delhi August 26, 2009, 0:58 IST

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Wen the honest
One of the positive fallouts for India from the BASIC powwow at Copenhagen was the thaw in India-China relations after the recent chill over Dalai Lama and Arunachal Pradesh. A warm and friendly Chinese premier Wen Jiao Bao bent over backwards to reassure Prime Minister Manmohan Singh that China was a good friend of India, adding that contrary to the impression created by the China-US joint statement issued during the visit of US President Barack Obama, China had no intention to interfere in India’s disputes with Pakistan. Perhaps feeling that Manmohan Singh was not fully convinced of his good intentions, Premier Wen insisted, “I am telling the truth, I am not a liar”!
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Tata Capital appoints new head for sales structure

Non-banking finance company Tata Capital today announced the appointment of Jamshed Daboo, to the newly created position of head, of national sales and services organisation. - NBFCs register higher profit in FY09 than banks: Assocham - Shriram Transport Finance to set up eqpt finance arm - Pre-paid card issuers need Rs 1-crore paid-up capital - NBFCs seek more collateral for loans - NBFCs must detail vehicle repossession norms in loan pacts: RBI - Structured finance issuances drop 18% in FY09: Icra The national sales and services organisation is meant to serve as a common front-end for the firm"s retail offerings. Daboo has been with the Tata group since 1986 and last position was chief operating officer of Taj Premium Hotels. In his new position, he will report to Pravin Kadle, managing director of Tata Capital.


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