VARINDIA IT MAGAZINE

Amazon is free to challenge the Future Group Deal says Court:  Reliance Industries   agreed to buy   Future Group   but   Amazon   objected. The Jeff Bezos-led company already got an order from a Singapore arbitrator stopping the deal between Mukesh Ambani and Kishore Biyani from progressing.   India's retail sector is likely to grow 46 percent over the next four years to an annual $1.3 trillion (roughly Rs. 95,74,500 crores), showed data from Forrester Research. The key battle is over groceries, likely to be worth around $740 billion (roughly Rs. 54,50,100 crores) a year by 2024, the data showed. Reliance and Future are geared to dominate the market in India, with the next competitor, DMart, being far behind in terms of stores and reach. In response, Future Group went to the Delhi High Court seeking it to stop the global e-commerce giant from interfering in the deal between. The Delhi High Court on Monday dismissed a plea from India's Future Group tha...

Reliance Industries Limited (“RIL” or “Reliance”) will acquire an open telecom solutions provider Radisys Corporation (“Radisys” or “the Company”) for US$1.72 per share in cash. Radisys provides open telecom solutions to service providers worldwide. Headquartered in Hillsboro, Oregon, Radisys has nearly 600 employees with an engineering team based out of Bangalore, India, and sales and support offices globally. Radisys delivers value to service providers and telecom equipment vendors by providing disruptive open-centric software, hardware and service capabilities that enable the migration to next-generation network topologies. “Reliance and Jio have been disrupting legacy business models and establishing new global benchmarks. Radisys’ top-class management and engineering team offer Reliance rapid innovation and solution development expertise globally, which complements our work towards software-centric disaggregated networks and platforms, enhancing the value to custom...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Reliance Industries has planned to offer high-speed data services on attractively priced tablets by early next year and scale it up to a countrywide network by the middle of 2012. The company is believed to offer 4G-enabled data cards that can be plugged into computers and laptops, apart from providing tablets at a game-changing price of Rs.3,000 or even lower to hook customers. RIL has also initiated talks with media and entertainment companies to acquire content for its wireless broadband offerings. It plans to provide data connectivity with speeds of 50-100 Mbps, much faster than 3G services currently on offer, at cheaper prices. RIL has said to acquired Infotel, a company that won pan-India spectrum for broadband wireless access last year and plans full-scale commercial operations by mid-2012. By then, it expects to have its networks ready across 700 cities. For More Details See www.varindia.com