Canada’s Brookfield Invests $1.6 Billion in India’s Telecom Towers

Brookfield Infrastructure Partners, a private investment firm headquartered in Canada, will buy the telecom tower business of Reliance Communications Ltd (RCOM) for $1.6 billion in cash. This deal is the second biggest private equity deal ever in India.

Brookfield Logo

RCOM’s telecom towers are part of Reliance Infratel Ltd and these will be de-merged into a separate company which will be wholly owned and independently managed by Brookfield Infrastructure, creating the second-largest independent and operator-neutral towers company in India. Private investors George Soros’ Quantum, private equity firm New Silk Route and other investors who had a share in Reliance Infratel were also paid out.

RCOM will receive Class B non-voting shares in the new tower company, providing 49% future economic upside in the firm, based on certain conditions, reports VCCircle. RCOM said it will use the cash payment to reduce 70% of its existing debt.

 

January 3, 2017   No Comments

Canada Pitches Lumber to India Market

With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia‘s minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business.

Lumber

De Jong said, “We are amplifying our efforts to do something we did around (the last) softwood negotiations and that is diversify our markets. We have redoubled our efforts in India and are beginning to see results. We are in China now to further encourage efforts at reducing our dependence on a U.S. market that may become somewhat unpredictable.”

 

December 18, 2016   No Comments

Datawind Enters the Smartphone Market in India

Mississauga, Canada-based Datawind, a developer of wireless, web-access products and services, announced that it will launch three 4G LTE-capable phones in India in October. The smartphones will be priced between $45 and $75, and will be manufactured in the company’s plants in Amritsar and Hyderabad, reports Mashable. The company has applied for license to become a virtual network operator.

Datawind Smartphones

The cheapest model features 1GB of RAM and 8GB of internal storage. The other two variants feature 2GB of RAM and 16GB of internal storage, and 3GB of RAM and 32GB of internal storage respectively. Datawind plans to offer a data plan featuring unlimited browsing at $1.5. “Moreover, we shall offer internet browsing for one year free of cost on our 4G handset,” Datawind CEO, Suneet Singh Tuli said.

September 27, 2016   No Comments

Tinder Rolls Out Group Chat Features in India

InterActiveCorp, New York-based Tinder is launching a new feature, Tinder Social, that allows groups of friends to discover each other and meet up. The company chief told the BBC that this move marked the “first step that we’re taking to make Tinder more social and a little broader when it comes to the types of connections we want to enable”.

Tinder Logo

To use it, users must first:

  • opt in to the feature within the existing app
  • select who they are going out with from members that have signed up to the service
  • say where they are going
  • say what they plan to do

The next day, the group chat expires, and individual members need to like each other to stay in contact, assuming they have not already swapped other contact details, reports BBC.

Tinder Social is now being rolled out in the U.K., U.S., Canada, Australia, New Zealand and India.

 

July 25, 2016   No Comments

Vin Diesel Paired with India’s Deepika Padukone

Americans have been enchanted by India’s Priyanka Chopra on the ABC  Television prime time hit, Quantico.  Soon an Indian  female will hit the big screens of Hollywood.

Ahead of the 17th International Indian Film Awards held in Madrid, Spain this year, Bollywood super-star Deepika Padukone disclosed in an interview with The Hindu that this year she would not act in any Indian production but would focus on her Hollywood debut xXx: The Return of Xander Cage slated for release in the summer of 2017. Padukone, who has been shooting for the film in Toronto, Canada since February, plays the fiery hunter Serena Unger alongside Vin Diesel as the protagonist.

Deepika Padukone and Vin Diesel

“For me I do not treat a film as coming from Hollywood or Bollywood. It’s the script I read first. I need to know if I will love doing it and it’s only after that I take up roles. I will take up roles when they excite me or when I am ready. This experience is special for me and I am very excited about it,” Padukone said during the interview.

Personally however, there were many firsts shooting in the west. Staying by herself in an apartment, cooking meals and doing her laundry, Padukone loved each part of this. From taking her candles and photo frames to cooking meals be it rasam or sambar she enjoyed it all, she added.

June 28, 2016   No Comments