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Business News - January 2010
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Bharti Airtel has bought controlling stake in Bangladesh’s fourth biggest mobile phone operator, Warid Telecom.
Sanjay Kapoor has been named as the CEO for India and South Asia by Bharti Airtel. Mr Manoj Kohli, who was CEO and joint MD of Indian operations, will now head Bharti’s newly-created international business division.
US-based investment management firm T. Rowe Price Group (TRP) has acquired a 26% strategic stake in UTI Asset Management Company (AMC), from its existing sponsors—SBI, LIC, PNB and Bank of Baroda—for Rs 650 crore.
British candy maker Cadbury has agreed to Kraft’s $18.9 billion buyout. Together, the group will have a leading position in Brazil, Russia, India, China and Mexico. The merger will create the world’s largest maker of chocolate and sweets.
French auto major Renault has launched a two-seater Twizy in India.
Small car Nano, manufactured by the Tata group, has won Autocar India 2010’s “The Car of the year” award. The other winners in different categories are Bajaj Pulsar 135 LS (Bike of the Year), New Mercedes E-class (Best Luxury Car), Toyota Fortuner (Luxury SUV of The Year), Fiat Grande Punto (Best Design & Styling), Tata Indigo Manza (Best Value For Money Car), Maruti Suzuki India (Manufacturer of the Year).
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