Sarin says losers tried to derail deal

Speaking to IIT alumni in Silicon Valley, Vodafone chief executive Arun Sarin said his hopes that India’s regulatory bureaucracy had modernised were shaken by last-minute moves to derail his company’s $11-billion takeover of Hutchison Essar.
“I really did not expect people

VAS market growing to $2 billion

Industry body Assocham estimates that mobile value added services are poised to grow by over 65 per cent to touch Rs 8,200 crore ($2 billion) by the end of this fiscal from Rs 4,950 crore in the last fiscal.

Indian music industry earned more than 35 million dollar from such services which is equivalent to 20 [...]