NEW
DELHI: A day after the home ministry suggested that BlackBerry smartphone
services could be stopped if manufacturer Research In Motion (RIM) did not
comply with the security guidelines that require it to make data transfers
decipherable to intelligence agencies, the government appeared to have reached a
truce with the Canadian firm, with the ministry saying RIM had given an
assurance that its security concerns would be addressed.
“BlackBerry has assured the ministry …

NEW
DELHI: The Indian government and BlackBerry maker RIM will soon find a way to
make security checks possible on its high-end handsets, a home ministry official
said on Thursday, downplaying fears of a ban on its email and internet services
that are hugely popular in corporate circles.
The country’s
internal security chief Utthan Kumar Bansal told reporters that the home
ministry had raised national security concerns with RIM over monitoring data
services on …

NEW DELHI: US-based chipmaker Qualcomm
will sell 26% in its Indian unit to two Indian entities — Global Holdings
and Tulip Telecom — for Rs 306 crore, an executive familiar with the
development said.
Global Holdings, owners of telecom infrastructure
firm GTL Infra, and Tulip Telecom, Delhi-based communication products and
services firm, will pick up 13% stake each in the new company that is being set
up by Qualcomm to offer wireless broadband …

Washington: A former Indian-American executive faces up to 20 years in jail after pleading guilty to stealing million from stereo headphone manufacturer Koss Corporation for her “irrational and excessive buying sprees”.

Sujata Sachdeva, 46, a former vice president of finance at Koss Corporation, pleaded guilty to all the six counts of wire fraud, for which she was charged early this year, before a Milwaukee court in Wisconsin Tuesday.

US District Judge Lynn Adelman accepted her guilty plea to all six counts of felony fraud in connection with the federal government’s …

Hyderabad: Apparently preparing for a revolt in the ruling Congress in Andhra Pradesh, party MP Y.S. Jaganmohan Reddy on Thursday night warned the leadership that he is running out of patience.

Showing his might at a massive public meeting at Kakinada where 28 legislators came out in his support, the son of former chief minister Y.S. Rajasekhara Reddy mounted an attack on the leadership for targeting him and his loyalists.

“I don’t know how long I will have this patience,” he told the meeting which marked the culmination of his 20-day …

NEW
DELHI: Bahrain Telecommunications plans to raise its holdings in local
communications firm S Tel has been rejected by the Indian government, officials
with direct knowledge of the developments told ET.
Earlier this
year, Bahrain Telecommunications had sought approval to hike its nearly 42%
stake in S Tel by an additional 6.3% more for about $53 mn. If the deal had
taken place, S Tel’s foreign holding would have risen to 54.61% because
another …