Hutchison Telecommunications International Ltd (HTIL) has no plans to increase its stake in Indian subsidiary Hutchison Essar
Media Release
Jun. 16, 2006

Hutchison Telecommunications International Ltd (HTIL) has no plans to increase its stake in Indian subsidiary Hutchison Essar by buying out the interest of one of its partners, The Standard reported, without identifying its source.

Yesterday, Indian media reported that HTIL has made a 590 mln usd offer to buy the 5.1 pct stake in Hutchison Essar held by the UK-based Hindujas family.

Hutchison Telecommunications International Ltd (HTIL) has no plans to increase its stake in Indian subsidiary Hutchison Essar
Media Release
Hutchison Telecommunications International Ltd (HTIL) has no plans to increase its stake in Indian subsidiary Hutchison Essar by buying out the interest of one of its partners, The Standard reported, without identifying its source.
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Bullish on the Indian market, Japanese consumer durables company Panasonic on Thursday said it was ready to increase investments in the country and line up new products
Media Release
Panasonic, which manufactures televisions at its Noida factory, could manage a meagre Rs 1.5 billion (US$32.6 million) from the Indian market last fiscal year.
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Qualcomm CEo rushes to India as Reliance plans to roll out GSM-based mobile services
Media Release
Reliance Communication had recently approached the Department of Telecom (DoT) seeking spectrum in the 1800 Mhz band to start GSM operations, starting with Delhi and Mumbai, a development that may cause a loss of revenue for Qualcomm.
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Nicholas Piramal India on Thursday said its UK subsidiary has entered into an agreement to acquire the manufacturing facility of global pharma company Pfizer Inc at Morpeth, UK
Media Release
The deal includes a supply agreement till November 2011, totalling potential revenues of above US$350 million, site fixed assets and property and certain net current assets, Nicholas Piramal informed the Bombay Stock Exchange.
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Ahead of the opening of the Nathu La pass later this month, India has finalised the list of items for trade with China from the border point between Sikkim and Tibet
Media Release
Import of 15 products from China and export of 29 items from India by people living along both sides of the India- China border would be allowed freely through Gunji
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Iran wants to host a conference of the Shanghai Cooperation Organization's (SCO) energy ministers to discuss cooperation in the oil and gas industries
Media Release
Iran wants to host a conference of the Shanghai Cooperation Organization's (SCO) energy ministers to discuss cooperation in the oil and gas industries, Iranian President Mahmoud Ahmadinejad said June 15.
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Fixed-asset investment in Chinese cities rose 30.3 percent year-on-year
Media Release
Fixed-asset investment in Chinese cities rose 30.3 percent year-on-year, China's National Bureau of Statistics said June 15.
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United Bank of India (UBI) is currently restructuring its capital base, as a prelude to its maiden IPO float
Media Release
United Bank of India (UBI) is currently restructuring its capital base, as a prelude to its maiden IPO float, which is expected in the current financial year.
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