News Roundup: Micromax develops cold feet over IPO

Four companies -Micromax Mobiles, Pride Hotels, Betul Oil and Tara Jewels – whose one-year deadline to launch their initial public offerings (IPOs) ended in January, did not go ahead with the fund-raising plan on worries the issues may struggle to sail through.

At least 25 companies had called off their IPO plans in 2011 owing to the subdued stock markets. [source]

Cable operators facing set-top box shortage as digitisation deadline approaches near

Five months before time runs out for homes across India’s top four metros to switch to digital transmission to continue watching cable television, operators are battling short supply of set-top boxes as well as ignorance among consumers. More than 60,000 set-top boxes need to be installed every day to enable an estimated 10 million homes across Delhi, Mumbai, Chennai and Kolkata to meet the deadline mandated by the government.[source]

AP plans Rs1,500 tablet? to promote e-learning

The Andhra Pradesh government, as part of its initiatives to promote e-learning, is planning to provide “Aakash” Tablets to students at a subsidised price of Rs 1,500. The state government has sent a proposal to the Union Human Resources Development (HRD) Ministry in this regard. “Once we get the approval, we will implement the scheme. We are planning to procure 10,000 tablets. Initially, they will be made available to the students in the state universities, engineering and polytechnic colleges,” State Commissioner of Technical Education S Balasubramanyam said.[source]

Total
0
Shares
Leave a Reply