business

MTS INDIA Doubles its subscriber base from 1 million in just over 3 months

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MTS India – Sistema Shyam TeleServices Ltd has doubled its customer base from 1 mn to over 2 mn in just 3 months. MTS operating on the CDMa platform is well known for introducing disruptive tariffs in India.

Mr. Vsevolod Rozanov, President and CEO of Sistema Shyam TeleServices Limited told us,

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Tata Rock’n’Roll with GSM operations – DoCoMO

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Tata Teleservices (Tata) steals the show in August 2009: Tata’s net additions picked up in August 2009 to 3.4m subscribers, up 227% YoY and 52% MoM. Launch of GSM services in select circles (where spectrum was made available) have resulted in this strong jump. Tata’s have launched GSM operations in Mumbai and Maharashtra on August 6, 2009. Based on the initial feedback from our dealers, the response to the per second pulse rate billing offered by the company is positive.

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Wyeth files case against Orchid for Piperacillin, Tazobactam

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Multinational pharmaceutical major Wyeth has filed a suit in the US District Court of Columbia against the USFDA relating to the agency’s approval of Orchid’s ANDAs for its generic products — Piperacillin and Tazobactam — for injections and also against the FDA’s decision on Wyeth’s Citizen Petition. Orchid, in a filing with the BSE, stated … Read more Wyeth files case against Orchid for Piperacillin, Tazobactam

Larsen & Toubro meet F2010 guidance + Improved macro environment

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In April, management guided toward revenue growth of 15-20% and order inflow of 25–30% for F2010. Management expressed confidence that it could meet guidance. We believe that with recent big-ticket order wins from ONGC and in the power arena, and the bulk tender (from NTPC) expected in this financial year, the company should be able to beat F2010 guidance.

With funding concerns being resolved (though the liquidity increase globally and IIFCL in particular for India) and the new government keen to demonstrate performance, L&T has seen an improvement in the macro environment in the form of improving regulatory framework, especially for the road and power sectors. The government has made efforts to facilitate and encourage private sector investment.

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Food grain output to decline by 15 milion tonne: FM

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India’s finance minister Pranab Mukherjee said on Wednesday that on account of poor rains this season, the food grain output in the country would decline at least by 15 million tonne. “There will be a (harvest) shortage of 14 to 15 MT as per estimates arrived at in a meeting chaired by me,’ said the FM. It would also lead to substantial impact on farm income and hence rural consumption with possible implications for indian economic recovery.

The minister however said that government was in a position to mitigate the ill impacts of the development. He said that the government would provide an additional 50-60 days work over and above the 100 days under the national rural employment guarantee scheme (NREGA) in the areas affected badly by poor monsoon so that the negative impact on farm income could be contained.

Read moreFood grain output to decline by 15 milion tonne: FM