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Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

 At least seven persons were arrested by Hong Kong customs authorities on Friday in connection with the territory's biggest money-laundering case involving a whopping HKD 14 billion (USD 1.8......

Essar hopes for Kenya telecom break-even next year

 Essar's only telecom venture, Yu Telecom in Kenya, has raised its market share by eroding that of the market leader, Safaricom.The operator was acquired four years earlier by Essar, when the latter......

Essar to pay debt with Vodafone cash

 The $5 billion cash that Essar would get from Vodafone may seem a windfall. In reality, the amount will be far less.Using its put option in the telecom Vodafone Essar joint venture as collateral,......

New Moto E launched in India, 4G version by May

 US-based Motorola is hopeful of bringing the 4G version of its popular affordable smartphone, Moto E, to India by May this year, pricing it under Rs 10,000 as it looks to compete with brands like......

Apple takes lion's share in 4G handset market in India

 In India, Airtel offers 4G service in 1800 Mhz band frequency while other companies are yet to roll out their services.     American tech giant Apple has the biggest share of the total......

Micromax founder to launch phone brand

 The company will initially operate from the Micromax office, as noted in the RoC filing. Sharma did not comment on the development. Rahul Sharma, co-founder of the most successful homegrown mobile......

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