The offer marks Bharti’s third attempt to enter Africa including a second failed attempt last year to buy South Africa’s MTN Group Ltd. for about $23 billion.

France’s Vivendi SA, owner of Maroc Telecom, walked away from buying Zain’s African assets in July, saying the purchase didn’t fit “its usual criteria of profitability and financial discipline.” Zain had valued those assets at about $10 billion, three people familiar with the plans said in June.

Africa represents about 62 per cent of Zain’s 64.7 million customers, but only 15 per cent of group net profit.

“No doubt, those are future growth areas. But the growth will come only in 5-8 years time and in the short-term there is a risk of straining Bharti’s balance sheet,” said Baliga.

Telenor will face the competition from Bharti Airtel, MTS, Aircel, Bsnl, Mtnl, Reliance Communications, Tata cdma, Tata docomo and Vodafone Essar.

Last month, Telenor CEO Jon Fredrik Baksaas said the company would price its call charges in India competitively but would not be the most aggressive. The company is aiming for an 8 percent share within five years of the India launch.

“The various schemes of Birla Sun Life Asset Management Company Ltd will be permitted on the MFSS with effect from December 3,” the NSE said in a circular today”

The 1,400-acre project, coming up in the southern region of Gurgaon (Sector 58-115) which will provide houses to approximate 70,000 families.  Haryana Urban Development Authority (Huda) will develop 1,000 acres, while the rest will be developed by private players like Emmar-MGF and DLF.

The rate of Huda flats will vary from Rs 13 lakh to Rs 50 lakh, depending on the size and location. Comparable dwellings in Gurgaon begin with a price tag of Rs 30 lakh at present. According to Huda rules, all such residential projects have to leave 10% for economically weaker sections and another 10% for multiple housing units (group housing societies).

“We have decided to deviate from the earlier practise by readying complete infrastructure on the site before unveiling the housing schemes by Huda or private builders. Our other guidelines for housing poor and economically weaker sections remain unchanged,” said TC Gupta, director, town and country planning and special secretary, housing.

Use any valid Visa, Mastercard / American Express or Diners Credit Card, or pay through your Net Banking account with Citibank, IDBI Bank, HDFC Bank, State Bank of India or Punjab National Bank, ABN AMRO, Bank of India, Indusind Bank, Union Bank of India and AXIS Bank. More banks will be added shortly. You can also pay your bill through ITZ Cash Card.
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0r you can use  REL Bill Pay ?

REL Bill Pay is a new bill payment facility to add further convenience to our valued customers. Now you can pay your bill from just any where and any time through your Reliance India Mobile (RIM) phone using ITZ Cash Card.

Following are the advantages for opting for REL Bill Pay.

* By registering for this service, you will be able to view and pay your bills over your RIM phone using ITZ Cash Cards.
* You can avail the service by a simple Registration procedure on R-World.
* If you are an ITZ Cash Card holder, you need not access the internet to make your bill Payment, you can pay by “Bas button dabao” using your RIM phone.

Helpful links:

http://www.rel.co.in/Rel/Paymentoptions/paybillsonline.jsp

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What is New credit guarantee scheme ?

New credit guarantee scheme will be similar to the credit guarantee schemes for micro and small enterprises (MSEs), Under which Small Industries Development Bank of India (SIDBI) protects the credit worthiness of borrower in case of default.

For a marginal fee, SIDBI provides guarantee up to 85% for loan up to Rs 5 lakh, 75% for Rs 5 to Rs 50 lakh and in case of Rs 50 lakh to Rs 1 crore, the protection is at the rate of 75% for first Rs 50 lakh and 50% for the balance amount.

Education loan application should not be rejected
IBA had clear to banks that education loan application should not be rejected or passed on to the other PSU bank on flimsy grounds “In February, following IBA’s directive, some banks have started giving 50% concession in interest rates on education loans to girl students for pursuing higher education in India or abroad but most banks are still reluctant,” said a top banker.

The education loan scheme that provides financial support from the banking system to deserving meritorious students for pursuing higher education in India and abroad was introduced in 2001. Under the schemes, banks are not supposed to ask for any collateral or guarantee from the borrower for loan upto Rs 4 lakh, for loan between Rs 4- 7.5 lakh, bank may ask for guarantees or collaterals and beyond this, banks definitely ask for collaterals.

Do you know the Full form of ICICI bank check it ..

ICICI Bank CEO Chanda Kochhar has said the bank is consider rewarding its employees with bonus, which it skipped last year because of poor performance.

“I am still hoping that we should be able to give (bonus by the end of fiscal),” ICICI Bank CEO and Managing Director Chanda Kochhar said.

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Money transfer from ICICI Bank to other bank

ICICI Bank Money to India

Steps to Money transfer from ICICI Bank

• Just Logging into ICICI Bank Account.
• Select the ‘Funds Transfer’ option – You have 3 options –Transfer funds to your own ICICI Bank Accounts  orTransfer funds to any ICICI Bank Account across India or Transfer funds to any of the specified non ICICI Bank Accounts with specified Banks across India, select the option which is relevant to your transaction.
• Add Payee : Just complete the necessary details. Payee Account Number twice , Account Name and you will be notified instantly via SMS with a confirmation number.
• Confirming the payee.
• Now you can send the funds to any bank account instantly or schedule the funds to be transferred for later time.