Tag: Global Tele

  • “Communications Convergence” conference on 13-14 Dec

    “Communications Convergence” conference on 13-14 Dec

    MUMBAI: The first international conference on Communications Convergence : The Multi-Billion Indian Opportunity takes place on 13-14 December at The Taj Mahal Hotel in Mumbai. Hinduja TMT will be main sponsor at this event organised by The Indian Merchants’ Chamber.

    The two-day conference will bring together top authorities in each field of Voice, Internet, Convergence and Data Services and engage the luminaries from the industries, the investors and the government.

    At the legislative level, the convergence bill looks to be in limbo but there is a huge amount happening in the IT and telecom space, especially as regards the IT-enabled services business. The conference will provide a forum where the relevant issues will be addressed.

    According to the IMC, Union minister for parliamentary affairs, communication and IT Pramod Mahajan will address the valedictory session of the two-day conference on 14 December. Maharashtra chief minister Vilasrao Deshmukh and minister for finance & planning Jayantrao Patil will be the chief guest and guest of honour respectively, for the luncheon session on 14 December.

    The sessions run from 9:30 am to 6 pm on a daily basis. While the developed world has been seeing slower growth and problems in the telecom industry, Asia (particularly China and India) has seen scorching growth in the last decade. This growth is expected to continue in India, with the accelerated demand for telecom and converged services.

    The Indian telecommunications industry has seen a revolution in recent times with deregulation, convergence, new spectrum allocation, new technologies, mergers and acquisitions, and new market entrants altering the wire-line, wireless, cable, satellite and ISPs landscape.

    The changes have been driven by large investments, both by Indian companies and overseas telecom companies and institutional investors, spurred by the investor-friendly environment provided by the Government.

    It is estimated by the IMC that India will need a huge investment of US $60 billion by 2005 in the telecom sector to keep up with the planned increase in teledensity. The reasoning is that the business opportunity offered by this new wave in India has tremendous potential and needs to be explored and tapped by investments, both Indian and foreign. In spite of all this, there has been very little information available on the specifics of this investment opportunity. The conference organised by IMC aims to identify and focus on the following:

    – Business segments as defined by the regulatory framework & their prospects

    – Legal and financial framework for investments

    – Current competitive scene and investment climate.

    Also on the table, is a series of tutorials on relevant topics of Convergence, which could provide the requisite background information to interested businessmen and enable them to take make further progress in the field.

    According to the IMC, the speaker lineup at the Conference includes :

    CEO Hinduja TMT – R. Mohan

    Co-Chairman Hinduja TMT India – Ramkrishan P. Hinduja

    Chairman, TRAI – M S Verma

    Chairman, World Tel, UK (Video Conferencing) – Sam Pitroda

    MD, net2phone Western Europe – Bryan Rowe

    Regional Director-Asia of Aon (UK), an associate of Global Insurance Services (Mumbai) – David Hill

    MD, NEC Singapore – Noel Hon Chia Chun

    VP- Asia Pacific, Polycom (USA) – Leo M Cortjens

    Chairman, Dishnet DSL Ltd. – Dr. Vijay Bhatkar.

    In addition like any other International Conference there will be four tutorial sessions, to be conducted by experts in their own right on 12 December. These sessions will focus on several business and technical aspects.

    The sponsors for the event include Hutchison Max Telecom, Hinduja Group India,, Bharti Enterprises, IDFC, Global Insurance Services, Aon (UK), Global Tele and Tellabs India.

  • Media stocks: will they tumble down further?

    Media stocks: will they tumble down further?

    The fear was palpable. As trading closed on the Bombay stock exchange a chill went down the spines of media related executives as the rumour gathered pace that action was being planned against the biggest player on the Indian stock markets. The broker, who reportedly paid out advance tax of Rs 910 million sometime back, is likely to be arrested on the morning of 6 March, if the buzz is to be believed. Apparently, some documents implicating him were discovered in the locker of film financier and diamond baron Bharat Shah, who is currently in the cooler for his alleged links with the underworld.

    If the gossip turns out to be true then there could be a run on the stock markets. And on media, telecom and software stocks as the broker is believed to have huge exposures to Zee Telefilms, HFCL, Global Telesystems and some say Balaji Telefilms, amongst several other stocks. That the market is wary was seen from the selling pressure on Zee, HFCL and Global Tele. Zee Telefilms crashed to a new 12 month low when it slumped to below Rs 115. HFCL and Global Tele also saw more than 16 per cent being lopped off from their share price.

     

    Saregama India (Rs 286.95) lost 16 per, Jain Studios (down 13.75 per cent to Rs 56.90), Balaji Telefilms (Rs 205.90), Mukta Arts (Rs 171.60), Creative Eye (Rs 28.80), Padmalaya Telefilms (Rs 65.75), Cinevista Communications (Rs 68.05), Tips Industries (Rs 129.30) and Vision Tech (Rs 23.75) were media shares that went into a tizzy.

     

    The alarm bells were ringing with the possibility of Zee TV dropping to below the Rs 100 mark should the arrest of the broker happen on 6 March. The broker has in recent times turned a seller of the Zee stock as he has got into a bit of a financial crunch on account of the take over of Global Trust Bank by the Unit Trust of India.