Bharti Airtel completes Zain deal

Bharti Airtel Ltd said it completed the acquisition of Zain Group’s mobile operations in 15 countries across Africa for an enterprise valuation of $10.7 billion (about Rs 48,000 crore).

On 30th March, Bharti had entered the deal to acquire Zain Telecom's operations in 15 nations, excluding Sudan and Morocco. Zain has operations in 17 African countries. With this acquisition, Bharti becomes a major Indian multinational company with operations in 18 countries across Asia and Africa with a customer base of over 180 million. Zain is the market leader in 10 of the 15 countries and second in four countries.

On Tuesday, Bharti Airtel's shares fell 3.8% to Rs257 on the Bombay Stock Exchange, while the benchmark Sensex ended 1% down at 16,617 points.


Apple launches iPhone4 in the US, India to wait till July

The main features of the iPhone4 are an extremely high resolution screen (960x640 pixels), a 5-megapixel rear camera, a VGA front camera for video calls or chat—and video-chat capability with FaceTime

As expected, Steve Jobs, the chief executive officer of Apple, launched the new iPhone4 at the Apple Worldwide Developers Conference (WWDC) in California. For a regular reader, it may sound like just a plain launch of a new, upgraded variant of a popular product. However, from an enthusiast's view, this is not just an upgrade, it is the biggest upgrade, in terms of design, hardware and software that Apple had done since the original iPhone.

The main features of the iPhone4 are an extremely high-resolution screen (960x640 pixels), a 5-megapixel rear camera, a VGA front camera for video calls or chat and video-chat capability with FaceTime besides the new operating system, iOS4. The screen is almost double than old iPhones that had 480x320 pixels. The video chat is not just limited to third generation (3G), you can use it even on Wi-Fi networks.

In terms of design, the new iPhone is more of a square kind with a flat back, unlike the old iPhone's round share back. The iPhone4 weights 137 grams, slightly heavier than the iPhone 3GS. The steel rim that surrounds the new handset is in fact its antenna.

Apple has launched the new phone in the US. The iPhone will be available in the US from 24th June onwards with a new contract of $199 for a 16GB version and $299 for the 32GB version. Its full price (without contract) is between $599 to $699. Besides the US, the iPhone will be sold in France, Germany, Japan, and the UK from 24th June. The rest of the world, including India, will get it in July.

For those waiting to upgrade their iPhone, it is the right time. Next question, what to do with your old iPhone? The latest version of Google's mobile operating system, Android 2.2, runs on the old iPhone. What else will you do with your old iPhone? According to some reports, at the moment, neither sound nor Wi-Fi are working on the old iPhone with Android 2.2, but you can send SMS for sure! 




Amit Rathiesh

6 years ago

Hey, the video calling is limited to WiFi only! iPhone 4 doesn't support video calling over 3G. :(

India Inc most optimistic on Q3 hiring plans: Survey

"With a net employment outlook of 42%, Indian employers report the most optimistic forecast among all 36 countries and territories (surveyed),” said Manpower India's managing director Sanjay Pandit

India has emerged as the most optimistic nation in terms of hiring plans for the next three months, led by strong employment opportunities in the construction and mining sector, reports PTI.

The Employment Outlook Survey for the third quarter of 2010 by global staffing services firm Manpower said that hiring activities in India are expected to reach the pre-recession level in the coming months.

"With a net employment outlook of 42%, Indian employers report the most optimistic forecast among all 36 countries and territories (surveyed),” Manpower India's managing director Sanjay Pandit said.

"The positive hiring trend in India is primarily due to strong domestic demand," he added.

Indian employers have been reporting strongest hiring plans for more than two years (over eight quarters) continuously, according to Manpower.

Indicating a pick up in the job market, the employment outlook—an indicator of hiring activities—climbed by two percentage points as compared to the second quarter. The outlook has improved by 19 percentage points as against the 2009 third quarter.

Apart from India, strongest employment prospects were reported by employers in Brazil (40%), Taiwan (39%), China (27%), Peru (24%), Australia (21%) and Singapore (23%).

In India, hiring optimism is strongest in the mining and construction (46%) sector, the report said.

Manufacturing sector saw the next best employment outlook of 44%, followed by services (43%), finance, insurance and real estate; public administration/education (both at 37%); wholesale and retail trade (34%) and transport and utilities (24%).

"We are witnessing a notable exuberance in hiring sentiments across all industry sectors, cities and functional areas," Mr Pandit noted.

The survey of 5,371 employers across the country showed the Western region was the most optimistic in terms of recruitment activities (48% employment outlook) for third quarter.

"In the South, employers report a bullish outlook of 41%. In the North, employers anticipate a brisk hiring pace with an outlook of 34%, while in the East, the outlook is a healthy 29%," Manpower noted.

Globally, the weakest third quarter hiring plans were reported by employers in Italy, Spain, Ireland and Greece. These nations are grappling with debt problems.

Out of the 36 countries surveyed, employers in 31 nations expect positive hiring activity in the third quarter.


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