1.Bharti Enterprises Group Chairman and CEO Sunil Mittal has been awarded global telecom industry’s highest honour — GSM Association Chairman’s Award 2008, for his contribution to the development of India’s telecom sector. The award coincides with Bharti Airtel achieving the 60- million subscriber mark, both in mobile as well as fixed line telecom services.
2 French bank Societe Generale lost 4.9 billion euros ($7.2 billion) in unauthorized trades by 31- year-old Jerome Kerviel, a junior trader whose job it was to capitalize on small price differences between European equity index futures contracts. Analysts are wondering as to how a junior-level employee, albeit someone familiar with the bank’s “processing and control procedures”, managed to elude risk-management systems in amassing such a huge position.
3 Real estate major DLF bagged the title sponsorship rights for Indian Premier League (IPL) promoted by the Board of Control for Cricket in India for an amount of Rs 200 crore across five years (Rs 40 crore annually) 4 Sony Max (SET Max) will be the official broadcaster for BCCI’s Twenty20 tournament for the first five years. SET has signed a back-to-back agreement with WSG for the TV broadcast rights while the on-ground rights and new media rights will remain with WSG. The Sony-WSG combine
has committed an additional promotional spend of $108 million for the tournament. The contract begins with the inaugural tournament in April this year and will extend till 2017.
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