India Inc. at Digital Inspiration

Vijay Mallya to build a 37 storey home in Bangalore

Posted: 11 Jul 2008 05:13 AM CDT

Following the plans of Mukesh Ambani’s Antilla, Vijay Mallya is planning to build one of his own in Bangalore on Vittal Mallya Road, adjacent to UB City.

The Kingfisher giant is planning an over 30 storey building on a 4 acre property that would even have a helipad, according to TOI.

Vijay Mallya currently has 26 residences around the world. His main home is in Sausalito, California built on an area of 11000 square feet.

Apart from this he owns a castle in Scotland, homes in Monaco, Trump Plaza in New York City, the Northern California region of Napa Valley, South Africa and five Indian cities including New Delhi, Bombay, Bangalore.

Vijay Mallya to build a 37 storey home in Bangalore - Digital Inspiration | FAQ | RSS

Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile

Posted: 11 Jul 2008 12:49 AM CDT

After exiting its cellular phone service biz under Spice Communications, BK Modi is considering exiting Spice Mobile, its mobile phone manufacturing business.

It is reported that world's third-largest handset manufacturer Sony Ericsson may buy out a majority stake in Spice Mobile. The issue remains only of valuation as BK Modi is demanding Rs.80-100 per share much higher than current market price of Rs.25.

If Sony Ericsson materialises the deal than it may again become the second largest handset player in India just behind Nokia. It would also get in hand a good portfolio of cheap handsets and dual mode CDMA+GSM handsets, much suitable for Indian markets.

It make sense for Spice Mobile also to exist this business as it is a very capital intensive and competitive biz with large multinationals operating in it. So, it would not be very feasible for a local player to carry on the operations profitably. via

Sony Ericsson plans to buy Spice Mobile, overtake Samsung Mobile - Digital Inspiration | FAQ | RSS