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AI may review ground handling JV if SATS goes for stake sale
Air India (AI) may review its ground handling joint venture agreement with Singapore Air Terminal Services (SATS) if the latter diluted its stake to another firm in that country, sources said.

RNRL affidavit reiterates stand on RIL gas contract
Anil Ambani’s Reliance Natural Resources Ltd (RNRL) has told the Supreme Court through an affidavit that the government has no scope to alter the utilisation of gas or the fixation of its price with regard to the former’s disputed contract with Reliance Industries Ltd (RIL).

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Maruti starts exporting Ritz to South East Asia
After successfully conquering Europe with its hatchback A-Star, the country"s largest car maker Maruti Suzuki India (MSI), is turning its eyes to the South East Asian market with its latest compact car Ritz.
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Bharti nears deal with Warid in Bangladesh

Telecom giant Bharti Airtel is close to clinching a deal to acquire 70 per cent stake in Warid Telecom, a local mobile company in Bangladesh owned by Abu Dhabi Group, with top officials from both companies meeting here to "brainstorm a consensus", a media report said today. - DoT to impose Rs 132 cr penalty on telcos - India Inc looks within for merger & acquisitions - Experts divided over predatory pricing - AUSPI hits out at Bharti on predatory pricing - Project management gathers momentum as infrastructure grows - Support at 4,900 likely to melt soon "A Memorandum of Understanding (MoU) could be signed between the companies during the visit," an official at Warid Telecom was quoted as saying by the Daily Star. Bharti Airtel has placed a $300-million initial investment plan before the Bangladesh Telecommunication Regulatory Commission (BTRC), which will be implemented after signing the deal, the paper said. The nod of BTRC has been sought by Bharti Airtel in a letter to buy the stake in Bangladesh operations of Warid Telecom. The MoU is the primary step before signing the final deal between the companies to share confidential business strategies. According to the newspaper, the regulatory authority has asked for some documents, including Airtel"s investment plan in Bangladesh and board of director"s approval from both the companies regarding the deal. "The BTRC has asked the companies to submit these documents before signing the deal," BTRC Chairman Zia Ahmed said, the paper reported. Bharti Enterprises Chairman and Group CEO Sunil Bharti Mittal met Bangladesh Telecom Minister Rajiuddin Ahmed Raju yesterday. Airtel is going to invest in Bangladesh, Sunil Kanti Bosh, secretary of telecommunication ministry, said adding that the company also looks for providing telecom services between India and Bangladesh at affordable cost. Warid made its Bangladesh debut as the sixth mobile operator in May 2007 and has roped in 2.79 million subscribers until October. Several companies like SingTel, Vodafone and Etisalat had also approached Warid to form a partnership in Bangladesh, the Daily Star said.


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