Singapore:South-East Asia’s largest telephone company Singapore Telecommunications Ltd agreed to offer Apple Inc.’s iPhone this year in four markets in Asia, the second such accord in the region. Singapore Telecom’s Bharti Airtel Ltd and Globe Telecom Inc. units will offer the iPhone in India and the Philippines, respectively, SingTel, as the company is known, said in a statement on Monday. The operator will offer the handset in Singapore and its Sydney-based unit will sell it in Australia, it said. Financial terms weren’t disclosed. The agreement helps Apple expand iPhone sales overseas after the Cupertino, California-based company grabbed the No. 2 spot in the US for so-called smart phones in less than a year since the product’s debut last June. Vodafone Group Plc. said this month it agreed to offer the iPhone in 10 markets including Australia, India and Italy.
Arvind Mill targets Rs4000 crore revenue
Mumbai: Textile firm Arvind Mills Ltd is targeting a revenue of Rs4,000 crore in 2009-10 and plans to raise about Rs700 crore over three years towards debt repayment. The money will be raised through a combination of cash flows from fabric operation, capital infusion from the founders and sale of non-strategic assets, chairman and managing director Sanjay Lalbhai said on Monday. The company has rechristened itself as Arvind Ltd.