DOCSLIB.ORG

Fundamentalsare Strong,Economy Willrebound:PM

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fundamentalsare Strong,Economy Willrebound:PM FRIDAY, 10 JANUARY2020 18 pages in 1 section www.business-standard.com MUMBAI (CITY) ~9.00 VOLUME XXIV NUMBER 106 THE MARKETS ON THURSDAY Chg# Sensex 41,452.4 634.6 Nifty 12,215.9 190.6 ECONOMY&PUBLIC AFFAIRS P4 ECONOMY&PUBLIC AFFAIRS P5 Nifty futures* 12,269.8 53.8 Dollar ~71.2 ~71.7** Euro ~79.1 ~79.8** POLICYMAKERS SHOULD FOCUS ‘TOUGH TIMES’: SC REFUSES Brentcrude ($/bbl)## 64.6## 65.9** Gold (10 gm)### ~39,722.0 ~965.0 ON SLOWDOWN: ROUBINI URGENT CAA HEARING *(Jan.) Premium on Nifty Spot; **Previous close; # Over previous close; ## At 9 pm IST; ### Market rate exclusive of VAT; Source: IBJA PUBLISHED SIMULTANEOUSLY FROM AHMEDABAD, BENGALURU, BHUBANESWAR, CHANDIGARH, CHENNAI, HYDERABAD, KOCHI, KOLKATA, LUCKNOW, MUMBAI (ALSO PRINTED IN BHOPAL), NEW DELHI AND PUNE INDICES SURGE, OIL EDlikelytoattachChanda DROPSON EASING Fundamentals are US-IRAN TENSIONS Kochhar’s residence,assets SENSEX The benchmark INTRA-DAY indices rose to strong, economy mirror the gains in Their market value could be around ~800 crore global markets on hopes of a SHRIMI CHOUDHARY de-escalation in New Delhi, 9 January STORYSO FAR the US-Iran tensions. The will rebound: PM The Enforcement Directorate (ED) is 2018 Sensex and Nifty likely to make a provisional attach- February: CBI launches rose 1.5 ment of assets and properties preliminary enquiry in ICICI- per cent each, Economists ask Modi to restore data credibility, provide stimulus belonging to former ICICI Bank Videocon loan matter their biggest managing director and chief execu- single-day stride tive officer Chanda Kochhar and March: ICICI Bank board backs since October 23, 2019. The Sensex rose husband, Deepak Kochhar, in con- then MD & CEO Chanda Kochhar 635 points to end at 41,452, while the Nifty nection with the Videocon loan case. April: Sebi initiates preliminary surged 191 points to close at 12,216. The The assets may include her enquiry, seeks explanation over biggest gainers were ICICI Bank, State Bank plush South Mumbai apartment, conflict of interest of India, IndusInd Bank, and Mahindra besides certain shares, investments & Mahindra. 11 > and offices of Deepak Kochhar’s May: Sebi issues show-cause companies including Nupower notice to ICICI Bank, Kochhar Renewables. |Bank's board orders an House of Commons The investment value of these independent inquiry under assets is estimated at around ~100 Justice B N Srikrishna approves Brexit Bill crore. But, their market value could British Prime Minister Boris Johnson’s be much higher at around ~800 Brexit legislation cleared its final hurdle crore, said a source in the enforce- 2019 in the House of Commons, putting an end ment agency. January: Srikrishna panel to the parliamentary gridlock that cost his This will be the first big action in indicts Kochhar, finds violation in predecessor Theresa May her job. the case filed last January, accusing bank's code of conduct Members of Parliament voted 330 to 231 in Chanda Kochhar and eight others favour of the Withdrawal Agreement Bill, for ICICI Bank’s irregularities in sanc- February: ED files criminal case which now passes to the House of Lords. tioning loans to the Videocon group. of money laundering against Johnson wants the measures passed into Prime Minister Narendra Modi and Home Minister Amit Shah at a pre-Budget meeting with A text message sent to Chanda Kochhar, others law before the end of the month so the economists and experts at the NITI Aayog on Thursday. Finance Minister Nirmala Sitharaman Kochhar went unanswered. Chanda Kochhar, former ICICI Bank MD and CEO UK can leave the European Union on was not present because she was holding meetings with party workers at BJP headquarters PHOTO: PTI According to sources, the fed- January 31. BLOOMBERG eral agency will issue a provisional ARUP ROYCHOUDHURY&ABHISHEK WAGHMARE economists and sector experts advised him to keep attachment order of proceeds of were created out of the proceeds of to its complex transaction involv- New Delhi, 9 January aside fiscal concerns and embark on an expanded crime under the Prevention of money laundering. ing Deepak Kochhar and firms COMPANIES P3 spending programme to revive growth. The prime Money Laundering Act (PMLA) by The acquisition of the current linked to Videocon group. Will not face insolvency, rime Minister Narendra Modi said on minister was also advised to restore the credibili- the end of this week. Legally speak- family residence of Kochhar at 45, This complex transaction was Thursday that the fundamentals of the ty of official economic data. ing, this order will be valid for 180 CCI Chambers CHS Limited also highlighted by the ICICI Bank- says Reliance Infra Indian economy were strong, it had the “There were suggestions that while it is good days until a court confirms it and (Churchgate area opposite the appointed panel headed by former Anil Ambani-led Reliance Infrastructure P capacity to bounce to have fiscal discipline, this has allows it to make a final confisca- Cricket Club of India), has been Supreme Court Judge BN (RInfra) will not undergo insolvency back, and the Centre was been a challenging period, given tion on the grounds that the assets under the probe agency’s lens due Srikrishna. Turn to Page 17 > proceedings as it is looking to pay its expecting an economic revival FROM THE EXPERTS the extent of the economic slow- lenders in the next few weeks, said a in the coming quarters. |Boost spending and down, so the markets won’t pun- company executive. RInfra is likely to At a pre-Budget meeting, public investment ish any decision to go for an complete the sale of its Delhi-Agra toll organised by the NITI Aayog, expansion,” a participant told road by January-end and its proceeds with economists, business lead- |Remove policy Business Standard after the meet- Airtelmopsup RBI approves will be used for debt repayment, the ers, entrepreneurs, and sectoral uncertainty in taxation, ing. The person said the prime executive added. “RInfra has received experts, Modi said: “The strong rules and regulations minister was asked about the ways Aadhaar-based in-principle approval for harmonious absorbent capacity of the Indian |Boost exports and take the Centre was planning to earn $10billion,three substitution in the Delhi-Agra toll road economy shows the strength of advantage of US-China revenue next fiscal year. project on January 7 from the NHAI. basic fundamentals of the Indian trade war Another person who attended video KYC economy and its capacity to the meeting said the prime minis- bounce back.” |Corruption in lower- ter was apprised of the importance timesitstarget NEHA ALAWADHI & ANUP ROY He added that sectors like level bureaucracy of credible data on the fiscal bal- New Delhi/Mumbai, 9 January ON tourism, urban development, needs to be removed ance, and urged that the Budget FRIDAY infrastructure, and agri-based should be honest about the real fis- SURAJEET DAS GUPTA FUNDRAISING PLAN The Reserve Bank of India (RBI) on SPECIAL industry had great potential to cal deficit. New Delhi, 9 January Thursday allowed video-based authenti- take forward the economy and for employment Union Home Minister Amit Shah, Road $3 billion cation as an alternative to the accepted e- generation, according to an official statement Transport and Highways Minister Nitin Gadkari, Bharti Airtel on Thursday Issue size KYC (know- PERSONAL FINANCE: Keep released after the meeting. Modi also called for and Commerce and Industry Minister Piyush received offers for subscriptions your-customer) aneyeoncapitalprotection 16 > focused efforts from all stakeholders to achieve Goyal, besides NITI Aayog Vice-Chairman Rajiv aggregating over $10 billion, $2 billion practices, but the target of nearly doubling the size of the Indian Kumar, Chief Executive Officer (CEO) Amitabh three times its target of $3 bil- Through QIP, such verification CHANGES Use these smart strategies to ensure economy to $5 trillion by 2024. Kant and other senior officials of the think-tank, lion, through a combination of and the will be Aadhaar- IN THE decent returns from equity investing, With the prime minister said to be taking direct were in the meeting. qualified institutional place- remaining via based, either writes SARBAJEET K SEN charge of the upcoming 2020-21 Union Budget, Turn to Page 17 > ment (QIP) and foreign curren- foreign currency convertible online or offline. OFFING cy convertible bonds (FCCB), bonds (FCCB) The need for | RBI revises according to banking sources. video-KYC was ~452 QIP floor price per share master direction The issue opened proposed in the on KYC Wednesday and has already | Fidelity, Blackrock, Goldman report of the TAXDEPT ALLOWS SIMPLE | Video KYC will been oversubscribed and Sachs, BNP Paribas, Citigroup, Expert Com- Byju’sovertakesOlaas have to be verified FORMS FOR FILING RETURNS according to banking sources Warburg Pincus, JPMorgan, mittee on Micro, through Aadhaar the allocation of the shares will Axis Capital, ICICI Pru, SBI Small and BY JOINT PROPERTY OWNERS be made next week. Mutual, Aditya Birla Mutual Medium | No foreign app third-largestunicorn According to sources, HFDC Mutual and Temasek Enterprises, is likely to be used Fidelity, Blackrock, Goldman Holdings have offered to headed by UK as data needs to Sachs, BNP Paribas, Citigroup, subscribe to the QIP Sinha, former be stored onshore Firm valued at $8 bn after Tiger Global’s $200-mn funding Warburg Pincus, J P Morgan, chairman of the Axis Capital, ICICI Pru, SBI ~35,000 crore AGR and Securities and | Customerwill BIBHU RANJAN MISHRA Mutual, Aditya Birla Mutual spectrum usage charge dues Exchange Board have to give his Bengaluru, 9 January Byju HFDC Mutual and Temasek which Airtel has to pay by of India (Sebi) in consent Raveendran, Holdings among others have Jan-end June last year.
Load more

Recommended publications
  • NEW SYLLABUS 345 : 1 : Roll No…………………
    OPEN BOOK EXAMINATION NEW SYLLABUS 345 : 1 : Roll No………………… Time allowed : 3 hours Maximum marks : 100 Total number of questions : 6 Total number of printed pages : 7 NOTE : Answer ALL Questions. 1. "Telecom Industry in India" The telecommunication industry in India was one of the most swiftly growing sectors in the world with stupendous growth over the last decade. It was regarded as the third largest in the world and the second largest among the emerging economies of Asia. Besides the public sector, the private segment had made significant contribution that had turned the industry into one of the key contributors to the Indian success story. It had an impressive growth trajectory, adding nearly 9 million subscribers per month, bringing the mobile subscriber base to over 903 million by January, 2012. BCG, in January, 2011, indicated that the Indian telecom market would surpass the US $100 billion mark by 2015. This report contradicted the prevalent common belief that growth in the telecom sector had reached a saturation point. In 1994, when mobile phones were introduced in India, the country was divided into 23 circles and licences were issued as per these circles. The circles were classified into four categories — Metros, A, B and C - on the basis of revenue potential; Metro and A circles were expected to have the highest potential. The telecom market in India was highly competitive compared to other countries, and there were over 11 operators in each circle, which was unheard of anywhere else in the world. Different players included Airtel, Reliance, Vodafone (earlier Hutch), Idea, Tata, state-owned BSNL and many more.
    [Show full text]
  • CP (IB) No. 01/MB/2018]
    NCLT Mumbai Bench IA No. 1031/2020 in [CP (IB) No. 01/MB/2018] IN THE NATIONAL COMPANY LAW TRIBUNAL MUMBAI BENCH, SPECIAL BENCH II *** *** *** IA No. 1031 of 2020 in [CP (IB) No. 01/MB/2018] Under Section 60(5) of Insolvency and Bankruptcy Code, 2016 *** *** *** In the matter of STATE BANK OF INDIA Versus VIDEOCON TELECOMMUNICATIONS LIMITED Between ABHIJIT GUHATHAKURTA, Resolution Professional for 13 Videocon Group Companies Flat No. 701, A Wing, Satyam Springs, Cts No. 272a/2/l, Off BSD Marg, Deonar, Mumbai City, Maharashtra, 400088 … Applicant and DEPARTMENT OF TELECOMMUNICATIONS Ministry of Communications, Access Service Branch, AS-1 Division, Sanchar Bhawan, 20, Ashoka Road, New Delhi- 110001 … Respondent No. 1 BANK OF BARODA 3rd Floor, 10/12, Mumbai Samachar Marg, Fort, Mumbai- 400 001 … Respondent No. 2 Date of Order: 07.10.2020 CORAM: Hon’ble Janab Mohammed Ajmal, Member Judicial Hon’ble Ravikumar Duraisamy, Member Technical Appearance: For the Applicant : Senior Counsel Mr. Gaurav Joshi with Ms. Meghna Rajadhyaksha. For the Respondents : None Page 1 of 8 NCLT Mumbai Bench IA No. 1031/2020 in [CP (IB) No. 01/MB/2018] Per: Janab Mohammed Ajmal (Member Judicial) ORDER This is an Application by the Resolution Professional of the Corporate Debtor seeking necessary direction against the Respondent(s). 2. Facts leading to the Application may briefly be stated as follows. The Videocon Telecommunications Limited (hereinafter referred to as the Corporate Debtor) had availed various credit facilities from the State Bank of India and other Banks including Bank of Baroda (Respondent No. 2). The Department of Telecommunications, Government of India (Respondent No.
    [Show full text]
  • United Access Service Licence (UASL)
    United Access Service Licence (UASL) By N.K.Goyal President, Indian Manufacturing Foundation, Chairman Emeritus, TEMA ; Chairman CTIA President, HP Chamber of Commerce and Industries [email protected] Existing operators As on January 31, there were two basic licensees, 60 cellular and 97 UAS licensees, taking the total number to 159. Idea Cellular has operations in 13 telecom circles, Vodafone Essar in 16 circles and Aircel Cellular offers in 9 telecom circles, even as all three operators are awaiting GSM spectrum to extend their operations to the all 23 telecom circles in the Country GSM players: 3 pan India : Airtel, Vodafone, BSNL/ MTNL, Others: Spice, Reliance; Aircell—Chennai & TN, Dishnet wireless North East. Idea CDMA players: 2 pan India: Reliance, Tata, Others: Shyam (Rajasthan), HFCL (Punjab), BSNL/MTN L Existing licensees that have not started services - Idea Cellular and Aircel Dishnet Wireless and Essar Spacetel - onus on the operators to start an alternate service if they have taken a license. - Roll-out obligations are 10 per cent of the circle has to be covered within a year. EXISTING OPERATORS INVESTMENT PLANS All India investments during 2005-06 is Rs. 36,685 Crores Expected 2006-07 Rs. 47,561 Crores 2007-08 Rs. 64,530 Crores 2008-09 Rs. 61,660 Crores Towers existing 1,20,000 and expected addition 2,00,000 within next two years. UASL LICENSE APPLICATION FDI 49%/74 % Application fees Rs 15,000 each Paid up capital of applicant company as prescribed Net worth 30/50/100 Crores for C/B/A Circles. Means paid up capital+ free reserves of applicant and promoters with at least 10% equity, foreign exchange of foreign promoter company to be converted as on application date.
    [Show full text]
  • C Ntent 17-30 April 2017 L
    C NTENT 17-30 April 2017 www.contentasia.tv l www.contentasiasummit.com Telkomsel, CatchPlay roll out in Indonesia 2GB data sweetener for SVOD movie package Indonesian telco Telkomsel has added Taiwan’s CatchPlay SVOD to its Video- MAX entertainment platform, bundling movies with a 2GB data sweetener and the promise of “smooth streaming” on Telkomsel’s 4G mobile network. The package costs Rp66,000/US$5 a month. CatchPlay has also acquired exclusive digital rights for award winning Indo- nesian movie, Solo, Solitude, which will stream on the platform in May. In addition to the monthly subscription option, a multi-layered pricing strategy offers consumers in Indonesia free mem- bership and one free CatchPlay movie a month, with a pay-per-view option for lo- cal and library titles at Rp19,500/US$1.50 each or new releases for Rp29,500/ US$2.20 each. CatchPlay CEO, Daphne Yang, de- scribed Indonesia as a market of “huge potential in terms of individuals who use the internet for video streaming”. CatchPlay titles include La La Land, Lion and Lego: Batman Movie. New titles this month are Collateral Beauty, starring Will Smith; Sing with Matthew McConaughey and Reese Witherspoon; and Fences with Denzel Washington and Viola Davis. CatchPlay also has a distribution deal with Indihome in Indonesia. The platform is available in Taiwan, where it launched in 2007, Singapore and Indonesia. www.contentasia.tv C NTENTASIA 17-30 April 2017 Page 2. Korea’s JTBC GMA bets on love triangles in new drama breaks new ground 3 wives, 3 husbands, 3 mistresses drive day-time hopes with Netflix 21 April global debut Philippines’ broadcaster GMA Network global linear network GMA Pinoy TV on has premiered its new afternoon drama, 18 April.
    [Show full text]
  • Videocon D2H to Merge with Dish TV Creating a Leading Cable & Satellite Distribution Platform
    Dish TV India Limited Investor Presentation Disclaimer Some of the statements made in this presentation are forward-looking statements and are based on the current beliefs, assumptions, expectations, estimates, objectives and projections of the directors and management of Dish TV India Limited about its business and the industry and markets in which it operates. These forward-looking statements include, without limitation, statements relating to revenues and earnings. The words “believe”, “anticipate”, “expect”, “estimate", "intend”, “project” and similar expressions are also intended to identify forward looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the control of the Company and are difficult to predict. Consequently, actual results could differ materially from those expressed or forecast in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks. Dish TV India Limited does not undertake to update these forward-looking statements to reflect events or circumstances that may arise after publication. 2 Indian M&E Industry Snapshot TV industry size (INR Bn.) Broadcasting industry Distribution industry 2021P 771 394 Multiple broadcasters INR 771 Bn. Analog 2021 TV subscription producing content in revenues 15 languages Cable Digital 2017P 426 225 CAGR of ~ 16% across 38% Cable (2017-2021P) 7 genres 29% INR 426 Bn. beaming 2017 DTH 2012 245 125 TV subscription ~880 channels revenues 33% Subscription revenues Advertising revenues Indian television market statistics (HHs Mn.) 2016 2020 306 284 239 Total households 284 Mn.
    [Show full text]
  • Introduction of Videocon Videocon
    Introduction of videocon Videocon CORPORATE PROFILE The Videocon group emerges as a USD 2.5 Billion global firm continuing toset trends in every sphe re of its act ivities fro m a conf er enc e roo m siz ed assembly line in 1979. Today the company operates through 4 key sectors:Consumer Electronics, Home Appliances & Compressor manufacturingin India We enjoy a pre-eminent position in terms of sales and customer satisfactionin many of our consumer products like Colour Televisions, WashingMachines, Air Conditioners, Refrigerators, Microwave ovens and manyother home appliances, selling them through a Multi-Brand strategy with thelargest sales and service network in India. Refrigerator manufacturing isfurther supported by our inhouse compressor manufacturing technology inBangalore. Display industry and its components With the Thomson acquisition Videocon has emerged as one of the largestColour Picture tube manufacturers in the world operating in Mexico, Italy,Poland and China, continuing to lead through new innovative technologieslike slim CPT, extra slim CPT and High Definition 16:9 format CPT. Colour Picture Tube Glass Videocon is one of the largest CPT Glass manufacturers in the world with ahigh level of experience and technical expertise operating through Polandand India. Videocon will leverage on this synergy after the Thomsonacquisition to internally source glass for its CPT manufacturing increasingefficiencies and lowering costs. Oil and Gas An important asset for the group is its Ravva oil field with one of the lowestoperating costs in the world producing 50,000 barrels of oil per day. Thegroup has ambitious plans for expansion in this sector globally Videocon From Wikipedia, the free encyclopedia Videocon Industries Ltd.
    [Show full text]
  • Asia Mobile Operators
    A BUDDECOMM REPORT ASIA MOBILE OPERATORS 7th Edition Researchers: Peter Evans, Lisa Hulme-Jones Copyright 2010 Published in March 2010 Paul Budde Communication Pty Ltd Tel 02 4998 8144 – Int: 61 2 4998 8144 5385 George Downes Drive Fax 02 4998 8247 – Int: 61 2 4998 8247 BUCKETTY NSW 2250 Email: [email protected] AUSTRALIA Website: www.budde.com.au Asia Mobile Operators Disclaimer: The r eader a ccepts a ll r isks a nd responsibility f or l osses, da mages, costs a nd other c onsequences resulting directly o r i ndirectly f rom u sing this r eport or f rom reliance on any information, opinions, estimates a nd forecasts c ontained herein. T he i nformation c ontained herein ha s been obtained f rom sources believed to be reliable. Paul Budde Communication Pty Ltd disclaims all warranties as to the accuracy, co mpleteness or a dequacy of s uch inf ormation a nd s hall have no lia bility f or e rrors, omissions or inadequacies in the information, opinions, estimates and forecasts contained herein. The materials in this report are for informational purposes only. Prior to making any investment decision, it is recommended that the reader consult directly with a qualified investment advisor. Forecasts: The following provides some background to our scenario forecasting methodology: • This report i ncludes w hat we t erm s cenario forecasts. B y de scribing l ong-range s cenarios w e identify a band within which we expect market growth to occur. The associated text describes what we see as the most likely growth trend within this band.
    [Show full text]
  • 56137088.Pdf
    AKAI Marketing strategies Plans for the Indian market in the Our marketing strategy is more for less. coming three years We are offering products to the custom- Akai aims to offer a complete gamut of ers at the lowest price points, loaded with home appliances and consumer electron- many more features than available in the ics products. We are already into wash- market for the same range. ing machines, color TVs, LCD TVs, LED TVs, home theaters and DVD players. Distribution strategies We have also launched our mobile range. Our distribution strategy is similar to We are seriously considering cooling that of others. We plan on increasing the products, inverters, and IT products. number of direct dealers, direct accounts, Akai will make sure it fulfills the needs and opening up counters for Akai that and requirements of consumers in home will be easily accessible to consumers. electricals, electronics, as well as tele- In areas where it is difficult for custom- communications. ers to visit outlets, we are appointing distributors. Key achievements Advertising strategies A soft launch was done six months back. Basant Pande We have started advertising only a Our core focus area will be LED products, couple of months back. In this short time which is the future of the TV business. period we have been able to capture the Executive Vice President (Sales & Thus, we will be going very heavy in LED network, and now we have a national Marketing): Basant Pande marketing cum advertising. network in place. Company: Global Brands Enterprise Also, Akai, under the Videocon umbrella, Solutions Pvt.
    [Show full text]
  • Download July Current Affairs 2021
    IQRA IAS CURRENT AFFAIRS JULY 2021 1 | P a g e INDEX TOPICS PAGES 1) Polity and Governance 03-19 2) International Relations 20-28 3) Security and Defence 29-37 4) Economy 38-67 5) Science and Technology 68-80 6) Ecology and Environment 81-94 7) Social Issues 95-100 8) Miscellaneous 101-106 2 | P a g e POLITY AND GOVERNANCE Paper II: This section is relevant to Polity and Governance Section of GS Paper II 3 | P a g e 1.1 INTER –STATE RIVER WATER DISPUTE Why in News: The Andhra Pradesh- Telangana dispute over sharing of Krishna river water has intensified, in the wake of projects taken up by both the States. The project include Rayalaseema Lift Irrigation Scheme (RLIS) taken up by the Andhra Pradesh government, and the hydel power generation projects taken up by the Telangana government. Historical Background about the dispute over Krishna River A dispute over the sharing of Krishna waters has been ongoing for many decades, beginning with the erstwhile Hyderabad and Mysore states, and later continuing between the successors Maharashtra, Karnataka and Andhra Pradesh. The first Krishna Water Disputes Tribunal (KWDT) was set up in 1969, under the Inter- State River Water Dispute Act, 1956. The report divided the 2060 TMC (thousand million cubic feet) of Krishna water at 75% dependability into three parts amongst Maharashtra, Karnataka and Andhra Pradesh. Afterward, as new grievances arose between the three states, the second KWDT was instituted in 2004. It delivered its report in 2010, which made allocations of the Krishna water at 65% dependability into three parts.
    [Show full text]
  • Videocon D2h Uses Genesys to Boost Service, Optimize Resources
    SUCCESS STORY Videocon d2h Uses Genesys to Boost Service, Optimize Resources The Videocon Group, a well established Indian industrial conglomerate, founded Videocon d2h in order to enter the direct broadcast satellite market. Videocon d2h sought a customer experience solution vendor to help them support their rapidly growing client base. The company now uses several Genesys solutions to optimize resource utilization and to deliver an excellent customer experience. AT A GLANCE Videocon d2h www.videocond2h.com Industry: Entertainment, Media and Publishing SUCCESS STORY Videocon d2h / page 2 Television broadcasting is a huge industry in and retain call details, recordings and reports, CHALLENGES India. Over 134 million households have a and generate real-time and historical reports • Penetrate the Direct-to- television, and 103 million homes access about all contact center activities. Home (DTH) television cable and satellite services. Television market and grow the After carefully specifying its requirement, customer base by 850 owning households using satellite and cable Videocon d2h invited several vendors, percent by 2015 services are growing at between eight and including Genesys, for proposals. “We have a ten percent per year, while homes • Equip four contact centers time-tested evaluation and procurement with appropriate technol- employing Direct-to-Home (DTH) services system under which we make a thorough ogy to ensure stable, high are increasing at between 15 and 28 assessment of technical presentations, visit availability, and scalable percent annually. appropriate customer sites, conduct detailed telecommunications Videocon d2h recently launched DTH technical discussions and, finally, carry out a environments services to the domestic market, competing proof-of-concept to decide which is the most • Implement an efficient IVR against local cable and satellite television apt solution,” explains Tyagi.
    [Show full text]
  • Liberty Videocon Group Personal Accidentpolicy
    Liberty Videocon Group Personal AccidentPolicy Liberty Videocon General Insurance Company (hereinafter called the “Company”) will provide insurance cover to the Person/person(s) (hereinafter called the “Insured”) based on the Proposal made and agreed premium paid within such time, as may be prescribed under the provisions of the Insurance Act, 1938, for the policy period stated in the Schedule or during any further period for which the Company may accept payment for the renewal or extension of this Policy. This Policyrecords the agreement between the Company (We) and the Insured (You), and sets out the terms of insurance and obligations of each party. Part I: Definitions The words or expressions defined below have specific meanings ascribed to them wherever they appear in this Policy. For purposes of this Policy, please note that references to the singular or masculine include references to the plural or to the female respectively. 1. "Accident" means a sudden, unforeseen and involuntary event caused by external and visible means. 2. "Injury" means accidental physical bodily harm excluding illness or disease solely and directly caused by external, violent and visible and evident means which is verifiedand certified by a Medical Practitioner. 3. “Nominee” means the person named in the proposal or schedule to whom the benefit under the policy isnominated by the insured person. 4. “Capital Sum Insured”means the sum as specified in the Schedule to this Policy against the name of Insured / Insured Person, which sum represents the Company's maximum liability for any or all claims under the Accident benefit(s) during the Policy period against the respective benefit(s).
    [Show full text]
  • 2G Spectrum Scam 1 2G Spectrum Scam
    2G spectrum scam 1 2G spectrum scam The 2G spectrum scam in India involved the issue of 122 licenses[1] of the 2G spectrum to 85 companies[1] including many new telecom companies with little or no experience in the telecom sector at a price set in the year 2001. The scam involved allegations regarding • the under pricing of the 2G spectrum by the Department of Telecommunications which resulted in a heavy loss to the exchequer, and • the illegal manipulation of the spectrum allocation process to favour select companies The issue came to light after the auction of airwaves for 3G services which amounted to 67719 crore (US$15.03 billion) to the exchequer[2] . A report submitted by the Comptroller and Auditor General based on the money collected from 3G licenses estimated that the loss to the exchequer due to under pricing of the 2G spectrum was 176379 crore (US$39.16 billion)[3] . The scam came to public notice when the Supreme Court of India took Subramaniam Swamy's complaints on record [With Case type:Writ Petition (Civil),Case No:10, Year:2011][4] . Civil Servants, Politicians and Corporations Involved in scam All the accused have been booked under sections 120(B) (criminal conspiracy), 468 (Forgery for purpose of cheating), 471 (using as genuine a forged document or electronic record), 420 (cheating and dishonestly inducing delivery of property) and 109 (abetment if the act abetted is committed in consequence, and where no express provision is made for its punishment) of the Indian Penal Code.[5] Politicans, Ministers and Parlimentarians involved Name of the Occupation and Allegation and Chargess Person Designation involved Andimuthu Union Cabinet Minister The Controller and Auditor General holds Raja personally responsible for the sale of 2G spectrum at Raja for Communications and 2001 rates in 2008, resulting the previously mentioned loss of up to Rs.
    [Show full text]