Bharti Airtel Limited
Bharti Airtel Limited, one of Asia’s leading telecom services provider, has announced strategic organizational changes with the objective to enhance its focus on expanding operations to international markets beyond India and South Asia and further consolidate its leadership position in India. The company announced the creation of a new, empowered and dedicated International Business Group that will be responsible for expanding the company’s operations beyond India and South Asia region. Manoj Kohli, who is currently the CEO (India and South Asia) & Joint MD of the company, will head the International Business Group as CEO (International) & Joint MD and will continue to be a member of the Bharti Airtel Board. Sanjay Kapoor, currently the Deputy CEO of the company, will be elevated to the position of CEO (India and South Asia), Bharti Airtel. Sanjay would have end-to-end responsibility of leading India and South Asia businesses of Bharti Airtel and will drive growth and business synergies in Mobile Services, Telemedia Services, Enterprise Services and DTH.
Gartner, Inc. has highlighted the key predictions that herald long-term changes in approach for IT organizations and the people they serve for 2010 and beyond. It said, by 2012, Facebook will become the hub for social network integration and web socialization. Through Facebook Connect and other similar mechanisms, Facebook will support and take a leading role in developing the distributed, interoperable social web. As Facebook continues to grow and outnumber other social networks, this interoperability will become critical to the success and survival of other social networks, communication channels and media sites. Gartner’s top predictions for 2010, a release said, showcase the trends and events that will change the nature of business today and beyond.
FICCI welcomes government moves to augment supplies of food items to contain the rising food price inflation. FICCI is convinced that concerted action for enhancement of supplies and coordination amongst state governments should help overcome the supply disruptions and shortages, thereby easing the pressure on prices. FICCI applauds the government for its decision to draw on its large buffer stocks of food grains for release in the open market. The Cabinet decision to import sugar at zero duty up to December 31 this year should similarly bring down prices of sugar.
FICCI has been advocating that supply enhancement would be more suitable for containing prices than overall monetary policy interventions. A hike in interest rates and reduced availability of credit is bound to stifle the growth impulses rather than contain prices.
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has proposed to the government to put in place an Effective Project Implementation Regulator to monitor timely execution of projects of Navratna and Mini-Navratna public sector undertaking companies. In a representation submitted to Ministries of Finance, Commerce & Industry and Planning Commission including the Prime Minister’s Office by ASSOCHAM President, Dr Swati Piramal, the Chamber has made a strong case for a regulator since vast majority of PSU projects are delayed in the absence of a watchdog. According to Chamber estimates, cost of delays on projects implementation in the last one decade is conservatively pegged at Rs 2 lakh crore for whole of economy and PSUs, especially those in category of Navratna and Min-Navratna slightly lesser than Rs 1 lakh crore.