Tag: PTI

Leverage India’s ICT expertise for affordable solutions: Sinha

04/10/2016 14:54

Global companies can leverage “experiences and expertise” of Indian telecom industry for providing cost-effective solutions in their home markets, Communications Minister Manoj Sinha said as per the PTI report.

“…We can genuinely plan for making the world a better place to live, with intelligent and smart services, with quality equipment and better service delivery. With our experiences and expertise it will be easier for you to achieve this target,” Sinha said inaugurating the 8th Telecom Export Promotion Council’s Buyer-Seller meet.

Sinha further said that experience of Indian industry of taking technology to remote corners at an affordable price can be leveraged by others to provide cost-effective communication solutions in their home countries.

As many as 28 countries from South Asia, South-East Asia, c, Latin America and Africa are taking part in the event.

Sinha said India has all the ingredients of a globally competitive telecom industry including large domestic market, world-class talent, focus on R&D and Intellectual Property Rights (IPR) creation besides a robust framework for electronic manufacturing.

He said Indian manufacturers have already made significant strides in exports of IT and telecom products to several countries and established that Indian products are of world-class quality and globally competitive on technology and price.

Terming Indian telecom sector’s growth as phenomenal, the Minister said the country is considered as the fastest growing telecom market in the world with the second largest subscriber base.

“If you are looking for secure ICT products, you should rely on Indian products, our industry is eager to share the know how…” he said as per the media report.

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BSE SME platform expects 30 IPOs in 3 months

BSE SME platform expects 30 IPOs in 3 months

09/05/2016 01:36

Leading stock exchange BSE said that it is expecting 30 initial public offerings (IPOs) on its small and medium-sized enterprises (SME) platform in next three months, as per the media reports.

This is on top of 17 SMEs that already got listed in this year.

“The IPO pipeline is good, which shows that confidence among the companies. We are expecting 30 SME IPOs in the next three months,” BSE MD and CEO Ashishkumar Chauhan said, quoted PTI.

He was speaking on the sidelines of a seminar on ‘Is the corporate sector over-regulated?’, organised by an industry body.

Listing will help these companies enterĀ and finally to graduate on to the mainboard.

These companies belong to a wide range of sectors, like logistics services, media, automotive components, infrastructure and hospitality, among others.

BSE had launched SME platforms in March 2012 to provide opportunity to such firms to raise capital for growth and expansion. Since then a total of 136 companies got listed on its SME segment and 18 of these firms have migrated to the main board platform.

Process to de-stress banks has been initiated: Jaitley

21/01/2016 01:08

As bad debts weigh down on banks, Finance Minister Arun Jaitley said the process to de-stress the banks has been initiated while the government may add to the re-capitalisation of public sector lenders, reported PTI.

“More things are being done. Steps are being taken for recapitalisation of banks. We have announced the programme and we probably will have to add to that programme,” Jaitley said here at the WEF Annual Meeting following suggestions from business leaders to take steps to boost the banking sector.

“Besides, RBI has asked banks to line up the bad debts they need to sell. The problem is not widespread and is limited to a few sectors.

“I am aware that both private and public sector banks are in touch with the concerned industry groups. We do not want to create a panic situation. Destressing of banks need to be tackled and the process for the same has been initiated,” he added.