Date-wise News

ICICI plays its cards right, pips Citibank

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Citibank is no longer quite the king of the Indian credit card market. It has been dethroned by ICICI Bank, which now claims it has 3 million credit cards. Citibank plays catch up with 2.5 million cards. Standard Chartered Bank is in third spot, with a card base of 1.6 million, closely followed by the State Bank of India (SBI), with 1.5 million cards issued and HSBC with 0.9 million.

e4m Desk Jan 4, 2005 7:19 AM

3-month reprieve for news channels

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Television news channels, with foreign institutional investment, can continue to uplink from India for another three months. The channels, which are expected to benefit from the three-month extension include NDTV, CNBC, Zee News, Sab TV, Jain TV and some regional players.

e4m Desk Jan 4, 2005 7:12 AM

Rajendra Chourasia , Circle Head, Delhi, Idea Cellular

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“Being a fourth operator, our mindset is that of a challenger. We knew that the other three players were big, but so what? We are new and we are better. And we have to be better to counter the largeness of others. We have done well because of this approach. We had created a GSM record by getting one lakh subscribers win 30 days of our launch. Also, the first five lakh subscribers we acquired was also a record in the GSM segment because we did it in 17 months.”

e4m Desk Jan 4, 2005 12:00 AM