Convergence Plus
Friday, October 23, 2020
Aircel plans to buy back previously sold telecom towers to GTL Infrastructure

Apple cuts online price of iPhone 5S to clear stocks; ties up with Amazon, Flipkart and Snapdeal Malaysia's Maxis-owned Aircel, which has received badly needed cash infusions from its parent over the past few months, is considering buying back the telecom towers it sold in 2010 to GTL Infrastructure, said two people familiar with talks. "The conversations are preliminary, but there is a thought that it may be better to own the network again, rather than making settlements," said one of the two, referring to compensation for not taking up tower slots as promised. Aircel, reeling under Rs 24,000-crore debt and looking for a suitor until last year, got shareholder loans of more than Rs 6,000 crore in the last eight months, said the second person. These loans are convertible and more infusions can be expected as the Central Bureau of Investigation case against the majority owner is resolved, he added.

The operator used the capital to partly pay outstanding amounts of about Rs 3,000 crore to vendors and GTL InfrastructureBSE -2.30 % as per its earlier commitment. "It may be worthwhile to buy back the towers instead of paying penalties over committed growth, which was based on forecasts before the 2G scam," said the first person. However, a person familiar with GTL Infrastructure's plans said the company will not be willing to sell back just the 17,000 Aircel towers and would want to also dispose of the remaining 15,000 that it has. Such a move would need the approval of GTL Infra's creditors as it has covenants as part of the debt res tructuring the company underwent last year. "Even if a sale of the entire company were on the cards it would depend on lenders' consenting," he said. (Source: Economic Times)

N Chandrasekaran reappointed TCS CEO

N Chandrasekaran reappointed TCS CEOTata Consultancy Services (TCS) has re-appointed N Chandrasekaran as the CEO and MD for another period of five years effective October 6, subject to necessary approval of shareholders, the company said in a BSE filing on Wednesday. TCS, which recorded a consolidated revenue of $13.4 billion for the 2014 financial year, has grown at a compounded annual rate of 21% since Chandrasekaran took charge as CEO in October 2009. Under his leadership, the IT biggie has added new business lines and entered new industry verticals like media & information services, mobile & digital services, and high tech and each of those have matured into sizeable businesses.

In July,TCS became the first Indian company to cross the Rs 5 lakh crore mark in market capitalization, making it the second most valuable IT services company in the world, ahead of Accenture, but behind IBM. TCS' market valuation rose to Rs 5.1 lakh crore (about $84 billion), well ahead of Accenture's $51 billion, but behind IBM's $193.7 billion. It was listed ten years ago. (Source: Times of India)

SAB TV to re-structure business to focus on broadcast, publication
SAB TV to re-structure business to focus on broadcast, publication Sri Adhikari Brothers Television Network LtdBSE 0.87 % (SAB TV) today said it will rejig its business to sharpen focus on broadcast, content and publication businesses. Favourable market and competitive dynamics have opened up opportunities for the Group to accelerate growth in its various business verticals, the company said in a filing to the BSE. "Foreseeing the change business would undergo with penetration of Internet and government plans to unleash remote connectivity through digital platform, the Company believes that it is the right time to venture into new age technology," SAB TV Network Vice Chairman and MD Markand Adhikari said. The broadcasting business will be consolidated into TV Vision Ltd, which will be a wholly owned subsidiary of the company.

"The Board has approved the proposal to demerge and consolidate the broadcasting business housed in the wholly owned subsidiary companies of TV Vision Ltd viz UBJ Broadcasting, HHP Broadcasting Services and MPCR Broadcasting Service into TV Vision...and listing of TV Vision, thereby unlocking shareholder value," it said. "The Board has approved the proposal to demerge and consolidate the broadcasting business housed in the wholly owned subsidiary companies of TV Vision Ltd viz UBJ Broadcasting, HHP Broadcasting Services and MPCR Broadcasting Service into TV Vision...and listing of TV Vision, thereby unlocking shareholder value," it said. The Board has also approved consolidation of the publication business of the group and subsequent demerger to Marvick Entertainment Pvt Ltd (to be changed to public company), SAB TV added. (Source: Economic Times)

HTC announces Desire 820 with 8MP front camera, two-tone design

HTC announces Desire 820 with 8MP front camera, two-tone designAfter striking a nice mid-range note with the Desire 816, HTC is back with a follow-up, the Desire 820. Announced here at IFA, there's some carry over from the Desire 816, including the 5.5-inch screen and plastic body, but the Desire 820 features a little flare of its own. Immediately noticeable is the colour scheme. Instead of a solo color all the way around, the 820 sports a two-toned motif comprised of a main base and a trim around the camera, buttons and flash. Also, stepping up its game is the front-facing camera. Whereas the Desire 816 had a 5MP front sensor, the 820 jumps up to 8MP snapper. It should deliver high-quality selfies, if that's your thing.

What else does the Desire 820 have cooking? On the back, the Desire 820 has a f/2.2 aperture, 13MP BSI camera sensor. The phone carries a fun bag of HTC's image-enhancing features, including Live Makeup, Photo Booth and Zoe Highlights. Pressing the shutter button will trigger continuous shooting, so you can grab in-action shots and cull out the best at another time. As you might expect, the Desire 820 comes bumping BoomSound. It only managed to snap up a Snapdragon 615 processor, but with integrated 4G LTE Cat 4 connectivity (capable of hitting 150mbps) and a 64-bit, multi-core CPU, users should be downloading, streaming and multitasking with ease. (Source: Times of India)

India violating privacy of Internet users

India violating privacy of Internet usersA report launched by the Software Freedom Law Centre (SFLC) titled ‘India’s Surveillance State’at the Internet Governance Forum, currently underway in Istanbul, said the Indian state is violating the privacy of its citizens through use of internet monitoring systems. An application filed under the Right to Information Act by SFLC revealed a list of 26 companies that had expressed interest in a tender floated by the Director General for Police, Logistics and Provisioning for Internet monitoring systems, underlining the large number of firms active in selling surveillance equipment in India. The Report further revealed that an unknown number of Lawful Interception and Monitoring (LIM) systems, tasked with the collection and analysis of citizens’ communications data and meta-data, are already installed in India’s communication networks.

Capability-enhancing technologies and databases such as the Central Monitoring System (CMS), Network Traffic Analysis (NETRA) and National Intelligence Grid (NATGRID) are in varying stages of deployment, it says. New Delhi is also known to outsource surveillance initiatives to private third parties, some of which even infect target devices using malicious software to gain access to information stored within, the Report adds. Lawful “spying” The Report notes that Section 69 of the Information Technology Act, 2000 imposes an obligation on Internet Service Providers to provide all assistance to government agencies to intercept any communication. Failure to comply with it may result in imprisonment for up to 7 years and fines. The Controller of Certifying Authorities uses Section 28 of the IT Act, an ambiguous provision, to collect user data from technology companies.

An RTI request by SFLC revealed that they have made 73 requests under this provision in 2011. Bridging digital divide However, growing concerns among internet users regarding widespread surveillance were not addressed by the representative of the Indian government at the IGF. “Indians without access to internet form 25% of the people in the world left out of the digital world. So it was the priority of GoI to attend sessions where we could pick up ideas on how to bridge this gap,” R.S. Sharma, secretary, Department of Electronics & Information Technology (DeiTY), Government of India, told The Hinduover phone from the venue of the global summit. He added that as part of current government’s digital India plan, bridging the infrastructural gap and improving fibre optic network coverage was one of the key goals of government. “By December 2016 we aim to bring broadband connectivity to all panchayats,” he said. (Source: The Hindu)

Tata Communications CFO Sanjay Baweja to resign

Tata Communications CFO Sanjay Baweja to resign Global Internet solutions provider Tata CommunicationsBSE 2.92 % today said its Chief Financial Officer (CFO) Sanjay Baweja will be leaving the organisation to pursue other opportunities. The firm said it is looking for a replacement to Baweja. In a BSE filing, Tata Communications said: "Sanjay Baweja, CFO, will be leaving the organisation to pursue other opportunities. Tata Communications is currently seeking chief financial officer candidates and intends to complete its search in the near future." In order to facilitate an orderly transition, Baweja will continue serving as the CFO until November 3, 2014, it added. As CFO, Baweja was responsible for strategic financial management including financial reporting and compliance, treasury and fund management, financial planning and analysis, management assurance, taxation and procurement etc.

Prior to Tata Communications, he served in Emaar MGF Land Limited as Executive President for Corporate Affairs and Chief Risk Officer. He has also worked in several roles across companies like Bharti AirtelBSE 0.53 %, Xerox Modicorp, Digital Equipment and Ballarpur Industries. (Source: Economic Times)

Nvidia Sues Qualcomm, Samsung Over Graphics Patents

Nvidia Sues Qualcomm, Samsung Over Graphics PatentsNvidia Corp has sued rival chipmakers Qualcomm and Samsung Electronics, accusing both companies of infringing its patents on graphics processing technology. The U.S. chipmaker vies with Qualcomm in the business of providing chips for smartphones and tablets. It said on Thursday that Qualcomm and Samsung had used Nvidia's patented technologies without a license in Samsung's mobile devices, including the just-launched Galaxy Note 4 and Galaxy Note Edge. Nvidia said Samsung devices made with graphics technology from Qualcomm, Britain's ARM Holdings and Imagination Technologies infringed on its patents.

"They're using our technology for free in their devices today and they're shipping an enormous number of devices," Nvidia Chief Executive Jen-Hsun Huang said on a conference call. Nvidia did not say it is suing Imagination or ARM but it did say it is asking the U.S. International Trade Commission to prevent shipments of Samsung devices containing ARM's Mali or Imagination's PowerVR graphics architectures, as well as Qualcomm's graphics technology. (Source: NDTV gadget)

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