Vodafone outbids other to acquire Hutchison Essar




The worlds second largest mobile operator Vodafone has out bidded the other competitors Reliance Infocomm, Ruias, and Hindujas in a auction to acquire controlling stake in Hutchison Max popularly known as Hutch the fourth largest mobile operator in India.

Vodafone offer gives hutch essar a total value, including debt, of US$ 18.8 billions. Sources said that Hindujas were the highest bidders at US$ 20 billion, but the deal went to Vodafone on other parameters. Reliance bidded below US$ 17 billion despite creating much hype in last month.

Vodafone has managed to stay put the major investors in Hutch the Ruia's of Essar, Analjit Singh and Asim Ghosh who together control 12.26% of the Hutch.

Industry analysts value the bid to be on premium side upto 45%. Effect of this deal has soared the valuation of other indian telcos also.

Uttar Pradesh Governor irks students

Uttar Pradesh Governor TV Rajeshwar has angered the student's of Sampoornand Snskrit Vidyalaya, Varanasi, where he was Chief Guest at convocation ceremony.

The governor in his speech given in broken Hindi said, which can be loosely translated in english as "World has gone on moon and you people are still in age of bullock carts learning Sanskrit. You won't get any jobs nor you can go to abroad learning Sanskrit."

This has angered the students and they protested violently, some even abusing the governor and hurling the chairs at him.

The whole incident shows lack of sensitivity from governors side. What he wanted to say about Sanskrit is debatable but the way he has done it and the dais he has used to express his valuable thoughts shows utter immaturity on his part.

If the governor behaves such a way, then you can't blame the hot headed teenagers acting in the manner they felt right at the moment.

Marlon Samuel in match fixing scandal

Marlon Samuel of West Indies cricket team is the latest addition to players falling to match fixing scandal. After the Nagpur police conveyed the findings on conversation of bookie Mukesh Kochar with Samuel, where Samuel reveals vital information to the bookie. These revelations has casted serious doubts about fairness of latest West Indies tour to India.

It is now apparent that demon of match fixing has engrossed the cricketing fraternity all over the world.

Unfortunate thing about all these incidents is that every time a scandal is exposed the bookies involved are from India and these people have a link with mafia don's currently settled in middle east. It's a shame on our beloved country.

Big money in cricket is bound to make the players vulnerable for these kind of allurements. It is easy making good money for under performing or revealing the team strategy to the bookies. People involved in these scandals make big money as betting on cricket goes into multi million dollars.