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News Digest: Karbonn, SBI, IndiaGames, 2G Scam, Karbonn, STARGSM

– Ministry of Corporate Affairs has simplified the procedures under the Companies Act, 1956. It will enable promoters to get their companies incorporated online within 24 hours. Read the Press Release

– Department of Telecom may seek TRAI recommendations on exit policy for telecom companies – The Economic Times

– Karbonn has launched its Android based phone A1. The phone is priced at Rs.6999. The phone is 3G enabled and runs on Android 2.2. Read the Press Release

– 2G Scam: A Raja targets Tata, PM, Attorney General, Chidambaram. Read more at NDTV

– A new handset in the Indian market – STARGSM. Yes, another one. Press Release

– Tech Mahindra Debuts Mobile Innovation Lab in Pacific Northwest – Press Release

– Microsoft opens new R&D facility in Bangalore – The Economic Times

– Opera Software appears to have sold a Speed Dial button ad unit to UTV IndiaGames, following previous deals with Buongiorno owned Bfish.in and Hungama Digital. The Indiagames link will be embedded only in the new installations of Opera Mini browser. Read the Press Release

– The Indian government will announce a new telecommunications policy by October. TRAI has submitted its recommendations on the policy which will be subsequently reviewed by the Telecom Commission before forwarding it to the Cabinet. Read more at The Wall Street Journal

– The rivalry among the mobile phone companies might destroy the whole telecom sector. The 2G scam and factors such as hyper-competition, rising debt  has plummeted the growth of the industry. Read more at The Economic Times

– Karbonn Mobile is expecting to raise $ 125 million in private equity funding. The company is looking at the dilution of up to a 15 per cent stake during the process. The funds will be primarily used for research and development. Read more at The Hindu Business Line

– State Bank of India (SBI) has recently launched a promotional campaign for their mobile banking services. It’s about time too. Read more at Campaign India

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