You don’t see people like Nigella Lawson using a cake mix live on TV, nor do you see a contestant opting for a readymade ingredient on a show like MasterChef! But only in India, this happens — I guess, people here are starved for China band saw machine stars and they don’t really wish to see good talent. Even the way they hold the mike makes it obvious that they’re only miming. If you remember, even when the famous American singer Mariah Carey lip-synced during her New Year concert in Times Square, she slipped up and it became a huge controversy!"Devan admits that this practice is justifiable only during certain unavoidable situations."(With inputs from Janani K). I actually practiced and went for the event, but I didn’t know what happened — they told me that I had to just perform for an already recorded song.
It is sad that this trend has crawled into the music industry. We are killing art by promoting things like this."He adds, "Also, when you are addressing a huge crowd, it is imperative to hold the crowd’s attention.The merger entity should also not have more than 50 per cent revenue and subscriber market share. As per CLSA report, the merged entity would breach revenue market share, subscriber and spectrum caps in five markets."Martin Pieters has reached India to oversee proposed merger of Vodafone India with Idea Cellular..CLSA estimated that the excess spectrum which would need to be surrendered or sold off is valued around Rs 5,400 crore and for the merger both the companies will also have to shell out Rs 5,700 crore for liberalising radiowaves that they were allocated administratively.
According to sources, the companies are likely to request government to relax merger and acquisition rules.Vodafone Group Chief Executive Vittorio Colao is also likely to brief all business heads of the Indian arm over a conference call next week about the proposed merger. According to the merger and acquisition rules, an entity should not hold more than 25 per cent spectrum allocated in a telecom circle and 50 per cent on spectrum allocated in a particular band in a service area.If the deal is successful, the combined entity will create largest telecom player in the country with revenue share of around 40 per cent and over 380 million subscribers base, as per India Ratings and Research.However, given the present spectrum holding, revenue and subscriber base, both the companies need to work on synergy to comply with rules.
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