Telecom services firm Bharti Airtel Ltd. has acquired a 49% stake in Qualcomm Asia Pacific’s (Qualcomm AP) Indian Broadband Wireless Access (BWA) entities for $165 million. The Qualcomm entities hold BWA licenses in Delhi, Mumbai, Haryana and Kerala. Bharti will acquire the stake partly by way of acquisition of a 26% interest equally held by Global Holding Corporation and Tulip Telecom Ltd., and the balance by way of subscription of fresh equity in those entities.
The Motor Vehicle Act of 1988 is a comprehensive Act that has replaced the Motor Vehicle Act, 1939. It was implemented on 1st July 1989. The first Act that came in force regulating the road transport More
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