September, 2009 - FreePress India

MTS Mobile connects Jharkhand with Wireless Service

September 8, 2009September 8, 2009 by Editor's Desk

Since its launch in Bihar in July this year, and having expanded to cover 28 of the 37 districts there, MTS has now launched in Jharkhand with up to 60% of the planned coverage in the state including 7 districts of Ranchi, Bokaro, Dhanbad, Lohardaga, West Singhbhum, East Singhbhum and Giridih, in Phase I. MTS will be available in Devghar & Sahibganj by mid-September, while all remaining districts will be covered by end of October. MTS Jharkhand subscribers will enjoy roaming facility in neighboring states of Bihar and West Bengal and all over India. MTS is currently available at 6500 retail outlets in Jharkhand, and will be available at 10, 000 retail outlets by end of this year.

FM proposes tax free rice import

September 8, 2009 by Editor's Desk

Taking deficient monsoon in the country into consideration, a panel headed by Finance Minister Pranb Mukherjee has suggested for scrapping 70% import tax on rice up to September next year in order to ensure steady supply and prices. The government has estimated the rice production to slip 10 million tonnes from last year’s output of … Read more FM proposes tax free rice import

Jet Airways feels the heat of mass leave of the pilots

September 8, 2009 by Editor's Desk

The National Aviators Guild (NAG), a body of pilots belonging to Jet Airways has decided to withdraw its proposed strike protesting against the sacking of two of their senior colleagues by the airline’s management. However, more than 600 pilots of the airline and its low-cost subsidiary JetLite have gone on mass casual leave on Tuesday jeopardising the airline’s operations across the country.

The sudden move by the pilots has led to the cancellation of around ten morning flights with the airline accommodating the passengers on flights of other airlines.

Government reimbursement for Oil Marketing Companies

September 8, 2009 by Editor's Desk

Based on the governments recent stance taken at various forums, confidence is growing on the intent to completely reimburse OMCs for under-recoveries i.e. (i) make upstream bear the entire auto fuel losses, and (ii) fully compensate OMCs for LPG/kero through oil bonds.

While absolute certainty on the above issues is likely 3-6 months away, we view the stocks should price in the positives, albeit with

Asian copper trades lower ahead of Chinese trade data

September 8, 2009 by Editor's Desk

Copper was trading lower, snapping its three-day gains as traders awaited evidence that demand from China, the world’s largest metals consumer, may sustain prices after the metal reached an 11-month high last month.

The Chinese Statistics Bureau and customs departments are set to report trade and economic data, including figures tracking inflation, industrial production, trade and fixed-asset investments. The People’s Bank of China is also scheduled to report figures for August money supply and loans.

MTS MTALK + MSAVER – THE BEST TOTAL-VALUE SERVICE

September 8, 2009September 7, 2009 by Editor's Desk

MTS India / Siestma – Shyma Tele, the disruptive Telecom tariffs company has gone on a rampage yet again, against Airtel and Vodafone the arrogant Telcos of India.

Sistema Shyam TeleServices Limited (SSTL) announced its MTalk plan that offers local calls at just 1 paisa per second, with 1-second billing, plus full talk-time for lifetime! STD calls are charged at 2 paisa per second. At nominal Msaver rentals of just Rs.1 per day each, customers can also choose to get 50% off on local calls, 50% off on STD calls, and 100 SMSes every day. MTS have coined this simple.

Read moreMTS MTALK + MSAVER – THE BEST TOTAL-VALUE SERVICE