Retailers divided over 51% FDI proposal in industry
“Modern retail has created a great base and there are multiple brands in every format,” said Kishore Biyani, founder and group CEO, Future Group. “Now, we need an impetus which can be provided by foreign capital, that looks at a horizon of 15-20 years. No Indian retailer would look beyond five years.” There is consolidation on the demand side but not much on the manufacturing and supply side. “With FDI, there will be more investments in back-end and technology,” he added.[source]
IIM Student Commit Suicide amid Facebook Messages
Malini Murmu was like any other college student who logged on often to the social network. On Sunday, however, Malini found that her boyfriend, who she had fought with earlier that day, had posted a hurtful message. In his status update, Abhishek Dhan, who had graduated from IIT Roorkee, declared that he had “dumped” his girlfriend [source].
Telecom Subscription Growth Falls
Going by data released by the Cellular Operators Association of India (COAI), the GSM industry body, member operators added 5.4 million new subscribers in August.
That’s down nearly 30% from the 7.64 million added the previous month. The fiscal year average, too, stands much higher at 13.6 million a month.[source]
WWE and UTV Indiagames bring mobile content to India
UTV Indiagames will develop and publish WWE mobile content including ringtones, wallpaper, video clips, voice tones, premium alert packages and WAP decks.
From October 1, 2011 consumers will be able to access WWE’s mobile content through all major mobile operators in the market, including Airtel, Vodafone, Idea Cellular, TATA Docomo and Aircel.[source]