Chinese Mobile Market Hots Up Again

After nullifying the ‘tough’ directives of the Department of Telecom (DoT) with the timely help from mobile service providers, the ‘importers’ of the so-called Chinese handsets are on cloud nine. With fears of losing the huge market due to international mobile equipment identity (IMEI) problem, the business for Chinese mobiles was in the doldrums. Now, thanks to the initiatives by Cellular...

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Aban Offshore continues to rise allaying debt, idle rigs concern
Shares of Aban Offshore Ltd (Aban), India's largest offshore drilling contractor in the private sector, are again back in the news. Despite a fourth quarter loss and huge debt, Aban's share price has been moving up before being quoted at Rs1240.95 per share on 5th June. Sure, the share prices are bound to go up and down, but in percentage terms, especially for Aban, the journey...
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More of the Same

One more player is entering the asset management business. Bajaj and Allianz, who have come together to sell insurance, have also joined hands to set up a mutual fund business. With the best existing funds performing merely in line with the market and most others doing horribly, we are not sure how Bajaj Allianz will be different. When asked, Ranjit Gupta, president (insurance), Bajaj...

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