Telenor Group's Indian Mobile operation, Uninor has launched its mobile services in seven Indian telecom circles, making it the largest single day launch in the telecom history. On the first day of its service, Uninor will cover a footprint of close to 600 million people. UNINOR is a joint venture between Norway's telecom major TELENOR and Indian real estate major UNITECH, as Unitech Wireless.The company last week launched its 2G GSM service across seven circles in India. Telenor which hold 49% in Uninor, has received government approval to raise its stake to 67.25%. Uninor is targeting an 8% market share within the next two to three years nationally. The operator will be retailed at over 21,000 points of sale through close to 1000 executive distributors in the seven circles in the country. TELENOR had earlier earmarked a capex of Rs. 15,500 crore for five years, but has trimmed its capital expenditure estimates by Rs. 3,500 crore, on the account of falling equipment cost. The Norwegian major has also projected that its Indian arm would suffer losses to the time of Rs.15,000 crore in the first five years of its operations in India. Unitech Wireless, home partner has raised Rs. 5000 crore, as bridge loan from SBI( State Bank of India), to fund the rollout of is operations in India.
Briefing Launch: 1. Uninor is the joint venture between Norway major Telenor and India's Unitech Wireless. 2. Uninor will rightly operate in seven circles of Indian telecom sector. 3. It is the largest single day launch in the telecom industry. 4. Leo Burnett has been appointed as the creative partner to design a communication approach to differentiate its brand. 5. Zenith Optimedia appointed as the media partner. 6. Unitech Wireless ties up the SBI for INR 5000 crore facility.
'Yes Bank' may not be the common among the general public two years before or may even today also, but in fact it is ranked number 1, among the mid-sized banks in India by Business today and ranked number 3 among the private banks in India by Financial express. From beginning company promoters Mr. Rana Kapoor and Mr. Ashok Kapoor, has identified food and agriculture, infrastructure, life-sciences, healthcare, technology, telecom, commodities and energy for its business and that is the reason why Yes bank got 'No' in the mind of general public. Now company is focusing on retail banking too. On 10/12/2009 Yes bank and India Infoline got together to offer 3in1 account, where the bank account and depository account will be with Yes bank while the broking account will be with India Infoline. Before presenting the detail of the company, gathered from different it would be right to present the short description of the company first.
Briefing the company: 1. Yes Bank is the only Private Indian Bank to be issued Greenfield license by Reserve Bank of India in last 10 years. 2. Yes bank is promoted by Rana and Ashok Kapoor. 3. Company mainly targets agri- business, healthcare, life sciences, infrastructure etc. 4. Yes Bank India have adopted the globally recognized Six Sigma and ISO standards. 5. Company focuses on knowledge banking in which it provides in-depth knowledge about the specific industry in which it excels.
* March 2003: Ratan Tata discloses plans to launch the world's cheapest car at Rs 1 lakh at the Geneva Motor Show
* May 2006: Tata Motors announces setting up Nano manufacturing unit at Singur in West Bengal with initial investment of Rs 1,000 crore spread over 700 acres; scaled up to 1,000 acres with total investment of Rs 1,500 crore.
* Oct 2006: Trinamool Congress opposes Tata Motors' plans to set up factory at Singur, calls 12-hour state-wide bandh alleging forcible acquisition of farmers' land.
* Dec 2006: Violence mars Singur, five hurt in rubber-bullet firing. Mamata Banerjee goes on indefinite hunger strike, which was called off after 25 days following appeals from the Prime Minister and the President.
* Jan 2007: Land puja offered at Singur car project site
* Feb 2007: Police-mob clash at Singur.
* Mar 2007: WBIDC signs a 90-year agreement with Tata Motors for Nano plant; farmer commits suicide; Mob attacks proposed site; bomb explosion damages fencing
* May 2007: Peace talks between state government and Trinamool Congress fail; one more farmer commits suicide
* June 2007: CPI(M) patriarch Jyoti Basu echoes Mamata Banerjee's demand that only 600 acres is required for the Singur project instead of 1,000 acres, but state government rules out returning Singur project land to farmers
* Nov 2007: Central forces deployed at Singur after fresh protests
* Jan 2008: Ratan Tata unveils Nano at Auto Expo in Delhi; Calcutta High Court orders Singur land acquisition legal
* Mar 2008: Nano showcased at the Geneva Motor Show
* May 2008: Supreme Court refuses to stay Nano roll-out from Singur
* June 2008: Singur protesters break factory gate
* Aug 2008: Talks between West Bengal Chief Minister Buddhadeb Bhattacharjee and Mamata Banerjee, who demanded return of 400 acres to farmers, fail. Subsequently, Ratan Tata threatens to exit from Singur. It was followed by Trinamool Congress' indefinite dharna. Factory workers stay away from work after assault.
* Sep 2008: WB Governor Gopal Krishna Gandhi intervenes. Agreement signed between state government and Trinamool Congress but it is shortlived. Mamata Banerjee holds rally demanding return of 300 acres of land. Security guards at Singur factory attacked.
* Oct 2008: Ratan Tata formally announces pulling out of Nano plant from Singur and days later declares Sanand at Gujarat as the new manufacturing location for Nano at an investment of Rs 2,000 crore
* Feb 2009: Tata Motors announces launch date of Nano to be March 23.
* Mar 2009: Ratan Tata unveils European version of Nano with added features and complying with Euro V emission norms at the Geneva Motor Show; Nano makes commercial debut.
Man behind Nano- Ratan Tata: Ratan Tata headed Tata Motors may accumulate large profits from Nano project but it is also true that Nano will change the living standard and mentality of middle class in India. Idea of building a car of 1 lakh without compromising on quality standards made Ratan Tata a person who thinks beyond the business.According to Ratan Tata, "What drove me-a man on a two-wheeler with a child standing in front, his wife sitting behind, add to that the wet roads-was a family in potential danger." Promises of Nano: 1. Imagine a car within the reach of all(Base model at 1.23 lakh in Delhi). 2. Feel the safety of big car in a small car. 3. Ample space to carry your family. 4. Drive ahead with 23.6 kilometers/litre. 5. Less parking space.
Dealers deal for Nano: The typical dealer margin on passengers cars & utility vehicles is between 3-3.5% on the value of the bill but in the case of Nano it is likely to be between 2-2.5%, thus dealers would have to sell large volumes of cars to make money. As the popularity of Nano is on peak, dealers are not going to be affected in any way. Typically, about 70% of a car's dealers revenue comes from businesses like servicing, arranging finance, sales of spares parts and accessories, insurance renewals, offering driving lessons etc. Tata Motors dealers earn 1-1.5% on loan, 15% on insurance cover, around 5-6% on sales of spares part, but this may also go down in case of Nano. Contact number in case of quaries: For any queries, doubts or clarifications please call call centre at 020-66495677.
Reva, as a car can be described as small, environmental friendly, cost effective, no parking tension and at last but not least a perfect driving component with your loved one. Reva is India's first Electric Battery Operated Car. It was designed keeping in mind the need for the decrease of the pollution levels of the cities. Reva was introduced in India in 2001. Reva has received certification from (ARAI) Automotive Research Association of India and EEC (European Economic Community), which has led to the export of Reva's to UK. Reva has a life span of about 40,000 km and its running cost is approximately 40 paise per kilometer. Reva has the best safety features as well according to world standards of today. Reva offers you a wide variety of colors to choose from it's over 2000 shades and it can be customized as well. Car description: Manufacturer: REVA Electric Car Company Door: 2 door hatchback Fully automatic: no clutch, no gear Tubeless tyres Cost only 40paise/ km (company estimation) Easy to use Energy absorbing bumpers Rear foldable seats Payload: 227-240 kg Top Speed: 80 km/h Charge time: 100% in 8 hr Length: 2.6 m Width: 1.3 m Height: 1.5 m
Future: By 2009, high performance lithium-ion batteries are expected to be available for the latest model. A lithium- ion battery offers quick charging and will offer great speed. The anticipated new range for REVA with lithium- ion batteries is expected to be 112 km or more. With increase in oil prices and market financial crisis it seems to increase in the popularity of Reva. Also increase in the demand of cars in India day by day seems to be good for automobile industry. Reva’s Investors profile 1. Global Environment Fund: GEF was founded in 1990 by Dr. Jeffrey Leonard, President and CEO, and John Earhart, Chairman of the Board, on the principle that capital deployed with a disciplined approach in specific sectors can bring significant improvements to the environment and quality of life throughout the world. GEF has grown to be one of the premier global private equity groups investing in the environment. In recent years, the GEF investment team has completed more than 30 private equity or early-stage technology investments in businesses operating in a broad array of economic sectors and in all of the world’s major geographical regions. The Global Environment Fund (GEF) invests in businesses around the world that provide cost-effective solutions to environmental and energy challenges. The firm manages private equity dedicated to clean technology, emerging markets, and sustainable forestry, with approximately $1 billion in aggregate capital under management. GEF’s investors include prominent endowments, foundations, family offices, and pension funds. The team invests in emerging markets across the globe, with a special emphasis on China, India, Brazil, Turkey, Mexico, South Africa, Southeast Asia, and Eastern Europe. GEF has a strong local and international support all over the world, in which YES Bank, Mumbai participate from India side. 2. Draper Fisher Jurvetson: Draper Fisher Jurvetson (DFJ) is a venture capital firm based in Menlo Park, California with affiliate offices in more than 30 cities around the world and over $4.5 billion in capital commitments. Since its founding in 1985, DFJ has been proud to back over 500 companies across many sectors including such industry changing successes such as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Athenahealth (ATHN), EnerNOC (ENOC), TicketsNow (acquired by TicketMaster), Feedburner (acquired by Google), Interwoven (IWOV), Four11 (acquired by YHOO), Parametric (PMTC), and Digidesign (acquired by AVID). Official website of DFJ has everything for everyone. Weather you are enterprenuer, journalist or a job seeker, DFJ fulfills everyone's dream. If someone has a Business Plan, they can submit to DFJ to backup them. DFJ backs extraordinary entrepreneurs everywhere who set out to change the world.
Conclusion: Thus Reva is like a dream comes true, especially for Chetan Maini. With present capacity of 6000/ yearly, company decides to expand its production capacity to 60,000. Company is also deciding to expand recently towards east India. Reva is getting huge incentives outside India in comparison to its home country. In Britain and Norway it sells as a G-Wiz, and is exempt from parking fees and road taxes. Japan gives a subsidy for electric car users while France waives taxes on electricity used to charge the car. So India should care its born and should take initiatives to promote it.