Airtel introduces job search services on mobile – Where is the Service ?
Bharti Airtel, one of the leading telecom service providers in India, has launched ‘Jobs On Mobile Service’ in Karnataka — a job search service for blue collar jobs such as drivers, cooks, guards and many more.
With demand for blue collar jobs increasing steadily, the telecom operator has launched the job search service to bridge gap between demand and supply.
Airtel users can just dial *321*666# on their mobile phones and can select job options such as desired salary range, preferred job locations accordingly. The user gets access to unlimited jobs by dialing the number. This service has been launch by collaborating with babajobs.com — a portal that offers 1,00,000 job feeds for blue collar jobs.
The problem with Bharti Airtel is they don’t have service guarantee and especially in Karnataka mobile as well as broadband services are continuously deteriorating evident from the growing number of complaints against the company.
Mr. Bhave wants Long Term Retail Participation
Citigroup hosted mr. Bhave, Chairman SEBI as the keynote speaker. Here is what he told @ the conference.
We live in uncertain times. While the pain has receded in the last few months, and is probably behind us, the uncertainty remains. Mr. Bhave pointed out that even as the Sensex fell from 21,000 to 8,300 and is now back to 14,000 levels, the Indian markets have proved stable through the crisis, with settlements and cycles on schedule. This is a marked change from the mid-90′s when settlements were severely affected.
Mr. Bhave stressed the need to increase retail participation in the Indian markets. The retail investor has acted as a counterbalance to institutional inflows and outflows in volatile markets. Citing mutual fund redemptions last year, Mr. Bhave pointed out that the majority were corporate. The slew of measures announced last week were expected to improve retail investor interest in the market.
The Indian markets offer investors many features comparable with the best in the world. Mr. Bhave outlined several areas which could improve conditions further. These included providing DMA (Direct Market Access) and cross-margining facilities for the secondary markets, facilitating IDR (Indian Depository Receipts) for foreign companies wanting to list in India, and improving issuance in the primary markets.
BSNL is set to introduce 3G services in Sikkim
State-run telecom service provider with a pan-India presence, Bharat Sanchar Nigam (BSNL), will soon launch third generation (3G) mobile services in Gangtok, Sikkim on August 15, 2009.
With the launch of 3G services in Gangtok, the services will be extended to three more districts. Further, telecom operator will increase its strength of Internet broadband services to 30 GB PPS (packets per second) and all 26 blocks in Sikkim would be offered broadband within a period of 100 days.
The launch of 3G services will offer high speed internet and video calling services on mobiles handsets, thus enhancing information and technology services in Sikkim.
Dr. Reddy’s launches Bispec for management of OAB
Dr. Reddy’s Laboratories has launched Bispec (Solifencin Succinate) in India. The drug is used in the management of Over Active Bladder (OAB) and is the best-in-class for OAB and has lesser incidence of dry mouth and constipation.
Usually patients suffering from OAB have a warning time of about 12 seconds; however, Solifencin Succinate helps in increasing this time to about 32 seconds. Warning time is the period between first sensation of urgency and urination in patients with OAB syndrome
Solifencin acts by competitively inhibiting Acetyl choline from binding to cholinergic receptors present in bladder, thereby reducing bladder contractions and improving warning time in over active bladder patients. Solifencin Succinate is highly receptor (M3) specific and has superior pharmacokinetic profile
Bispec is available in tablet form and in dosages of 5 mg and 10 mg.
IRB Infra emerges lowest bidder for Jaipur to Deoli Section of NH12 project
Engineering and construction firm, IRB Infrastructure Developers has emerged as a lowest bidder for a project from National Highways Authority of India (NHAI).
The project envisages design, engineering, finance, construction, operation and maintenance of Jaipur to Deoli Section of NH12 from km 18.700 to km 165 in Rajasthan under NHDP Phase III on BOT Basis. It is on grant basis with concession period of 25 years and estimated cost of Rs 1500 crore.
The company has sought a grant of Rs 306 crore for the project from NHAI.
Last week, the company had announced that it has emerged as the lowest bidder for a project from National Highways Authority of India (NHAI). The project was for design, engineering, finance, construction, operation and maintenance of four laning of NH 4A from Goa / Karnataka border km 84 to Panaji – Goa km 153.070 with total length of 65.07 km in Goa under NHDP Phase III on BOT basis. The project is on grant basis with concession period of 30 years and an estimated cost of Rs 800 crore.
The company has posted a net profit of Rs 49.55 crore for the quarter ended March 31, 2009. The total income stood at Rs 54.96 crore for the quarter.
For the entire fiscal the company has posted a net profit of Rs 57.35 crore against Rs 5.91 crore in the previous fiscal, up 870.38%. The total income for the fiscal stood at Rs 71.55 crore against Rs 41.29 crore, registering a growth of 73.28% on Year-on-Year (YoY) basis.
Tech Mahindra to raise fresh funds from institutional investors
IT firm Tech Mahindra is looking to raise fresh funds by issuing up to 1.36 crore equity shares to institutional investors through private placement or qualified institutional placement (QIP) route.
The total size of the issue is not made public by the company but as per its Monday’s closing price of Rs 740.15 a share on the Bombay Stock Exchange (BSE) the company may end up raising around Rs 1,000 crore through the process.
The company is yet to get its shareholders nod for the proposed move.
Delhi LED Dsiplay Advertisement to MIC Electronics
MIC Electronics has been awarded the rights for display of advertisements through 50 LED True colour display systems in the select market areas under the jurisdiction of Municipal Corporation of Delhi.
The proposed contract is for a period of 5 years, extendable for another 2 years.
Established in 1986, MIC Electronics is a pioneer in design, manufacture and supply of True colour LED Video Displays, LED Lighting products and solutions.
Indian Rupee touches 5-week low in opening deals
The rupee opened lower and touched a five-week low in opening deals after a World Bank missive that stated the world’s gross domestic product (GDP) expected to shrink by 2.9%, nearly double compared with 1.5% expected earlier. Global trade is also expected to take a hit of 9.7% in 2009, first decline in more than 27 years.
The domestic unit opened at 48.83 and touched 48.90, the lowest since mid-May, and was seen trading at 48.85/86 per dollar in early deals. The rupee had closed at 48.62/63 on Monday.
The decline in the rupee was also weighed down by Asian equity markets, which were trading in the red.
IRDA to define pre-existing illness for Customer’s benefit
Indian regulators always wake up after consumer complain and shout of injustice. Likewise, IRDA is no exception.
located at Mumbai and Thane have observed a surge in disputes over medical insurance claims because insurance companies are rejecting claims on the basis of ‘pre-existing illnesses’.
As per the regulation, when an applicant takes a medical insurance policy, he has to submit his medical records, details of ailments, diseases, diagnosis and hospitalisation for the previous four years. But according to insurance companies, applicants do not disclose the details of his ailments and his insurance claim is rejected at the time of submission of the medical evidences.
Therefore in order to solve the rising rate of rejection of insurance claims, IRDA will come out will uniform definition of pre-existing illnesses that will be binding on all companies.
Jindal Saw wins orders from domestic & overseas mkts
Jindal Saw (JSL), part of the fourth largest industrial house in India Jindal Group, has said that it has received orders for supply of large diameter pipes and ductile iron pipes from domestic as well as overseas customers, valued at over Rs 1,000 crore.
The domestic orders have been received from state-run Gas Authority of India (GAIL) and Hindustan Petroleum Corp (HPCL) while the overseas orders are mainly from middle-east.
Both the orders will be completed by the end of the current financial year.
The total order book of JSL now stands at Rs 3,600 crore.
JSL is the leading product hub of saw pipes which are mainly used for transportation of oil and gas. It has diversified itself into manufacturing of large diameter submerged arc welded pipes and spiral pipes and bends for energy transportation sector; carbon, alloy and stainless steel seamless pipes and tubes manufactured by conical piercing process used for industrial applications; and ductile iron (DI) pipes for water and sewage transportation.