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State-owned telecom service provider Mahanagar Telephone Nigam (MTNL) has announced the commercial launch of third generation (3G) services in Delhi and Mumbai, its two service areas. The company will launch 3G services in Delhi in the next ten days and in Mumbai in early February. However, MTNL is yet to enter into a pact with … Read more MTNL announces commercial launch of 3G services
Private sector insurer major, Bajaj Allianz Life Insurance Company, has declared its unaudited result for the third quarter ended December 2008. The company registered profit after tax of Rs 30 crore for the quarter ended December 2008, against a loss of Rs 35 crore in the previous corresponding quarter due to lower management cost and … Read more Bajaj Allianz Life – PAT of Rs 30 crore in Q3
As the ongoing global economic downturn puts brakes on the Indian growth story, the steel industry is under severe pressure to cut prices further in order to see demand pick up again. However, the country’s largest producer Steel Authority of India (SAIL) feels that there was no more room for prices to go down in … Read more No more space for steel prices to go down: SAIL
Foreign institutional investors (FIIs) were net sellers of Rs 484.33 crore (provisional) in the cash market on Thursday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 1,326.66 crore, their gross sales aggregated Rs 1,810.99 crore. Domestic institutional investors (DIIs) were net buyers of Rs 175.12 crore (provisional) on … Read more FIIs net sellers of Rs 484 cr in cash market on Thursday
Infotech Enterprises (Infotech) held a conference call to discuss the third quarter results and future prospects of the company. BVR Mohan Reddy, Chairman and Managing Director addressed the call. Highlights of the call On sequential basis, Infotech reported 5% rise in consolidated operating revenues at Rs 232.75 crore with operating margins dipping 120bps at 19.4%. … Read more Infotech Enterprises – May look at Satyam’s Clients
Sasken Communication Technologies has informed FreePress that Nortel Network has filed for Chapter 11 bankruptcy protection in North America and for the quarter ended December 31, 2008. It added that Nortel contributed less than 10% of company’s consolidated revenues also it currently holds less than 10% of the outstanding shares in the Company. The company … Read more Nortel holds 10% in Sasken Communications