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Friday, April 30, 2010

TTML reports a net loss of Rs.318 crore

Tata Teleservices (Maharashtra) Ltd today said it has experienced a consolidated net loss of Rs 318 crore for the year ended March 31, 2010.

The company had reported a net loss of Rs 169 crore for the year ended March 2008-09, Tata Teleservices (Maharashtra) Ltd said in a filing to the Bombay Stock Exchange.

"The Telecommunication Regulatory Authority of India (TRAI) amended the Interconnection Usage Charges. The interconnect income accounted and interconnect cost accounted, therefore, are not strictly comparable with the previous year," the company said.

Arcelor will start its operation in India soon

Months after mounting a blistering attack on the Indian system of governance that prevented big ticket projects, global steel giant ArcelorMittal today exuded confidence that its mega Rs 1.30 lakh crore investment would take off soon as some states were very "proactive".

"There is a light. We are coming nearer the light. Overall I am seeing the light. I do not know which one will start whether Karnataka or Jharkhand," ArcelorMittal CEO L N Mittal told PTI when asked if he was still pessimistic about his projects taking off in India.

The company is also working on a project in Orissa.

ICICI & HDFC are not Indian owned bks- but Indian Controlled Bks__Govt

"Going by the definition, they are certainly not owned by Indians," Secretary of the Department of Industrial Policy and Promotion, R. P. Singh, said. "At best, the two can be called Indian-controlled banks," he added.

The government today said ICICI Bank and HDFC Bank cannot be called Indian-owned banks, setting at rest the debate generated over the nationality of the top two private sector lenders.

“At best, the two can be called as Indian-controlled banks,” Department of Industrial Policy and Promotion (DIPP) Secretary R. P. Singh said today when asked about the government’s stand in the wake of the two seeking clarifications on the matter.

Uninor slashes mobile tariff

Taking mobile tariffs to a new low, telecom service provider Uninor, a joint venture between Unitech and Norwegian firm Telenor, on Friday announced call charges as low as 20 paise per minute.

Uninor has introduced a concept of dyanamic pricing under which its subscribers can avail discounts of between five to 60 per cent, depending on their location.

Telenor has a 67.25 per cent stake in the company, while Unitech holds the remaining equity.  The offer, dubbed the 24/7 Badalta discount plan, will be initially available to Uninor users in the southern states of Tamil Nadu, Karnataka  and Andhra Pradesh.

TechM posts loss in Quarter ending March 31

IT services provider Tech Mahindra on Friday reported a decline of 1.47 per cent in its consolidated net profit at Rs 226 crore for the quarter ended March 31, 2010.

Total income rose to Rs 1,257 crore for the quarter ended March 31, from Rs 1,059 crore in the same period last year, Tech Mahindra said in a filing to the Bombay Stock Exchange.

"This quarter saw us consolidate our position in the arena of complete end to end outsourcing. Our robust performance this quarter is a measure of our ability to understand customer needs and tailor solutions specific to these needs," Tech Mahindra Chairman Anand Mahindra said.

Huawei seeks clarification from Govt of India

Chinese telecom gear maker Huawei said on Friday it was evaluating the reported security concerns in India and was seeking clarifications from authorities.

The Financial Times had reported that India was blocking the purchase of telecoms equipment from Chinese vendors on national security grounds.

Huawei said it had not received any official communication on the issue, but was willing to cooperate with relevant Indian government agencies to help solve their concerns, the firm's India-based spokesman said in a statement.

Sonata softwares developes Social networking & fashion Appln

Sonata Software, a leading IT consulting and software services provider, said on Thursday that it has developed a fashion and social networking application for US-based Golirious LLC, a mobile software developer.

The application called 'Love it or Lose it', allows Apple iPhone users to instantly connect with their friends and community members and request, and receive feedback on fashion merchandises, a release said.

The user-friendly application allows iPhone users to click photos of clothes or accessories while they are shopping and share them instantly with their friends.

Midtree Software outplays giants in UIDAI contract

Mid-sized software service provider MindTree outbid larger rivals Tata Consultancy Services (TCS), Infosys, Wipro apart from top multinational firms, to win Rs 30-crore contract from India’s Unique Identification Authority (UIDAI), senior government officials and persons familiar with the project told on Thursday.

While the contract is small when compared with several multi-million dollar deals announced by various government departments over past few years, it’s the first in a series of projects worth up to $1 billion to be outsourced by the UIDAI.

When contacted  on Thursday, a MindTree spokesman declined to offer any specific comments.

Reliance Ind. discovered more oil in West coast

Energy major Reliance Industries has discovered more oil on India's western coast, raising the potential of the exploratory blocks it has been drilling, the company said on Wednesday.

India's biggest conglomerate whose businesses span petrochemicals, refining, oil and gas exploration and retail said the current flow was at 300 barrels of oil per day (bopd) at the onland exploratory block in the Cambay basin in Gujarat state.

UIDAI in talks with RBI for offering Banking solution with UID

The Unique Identification Authority of India and the Reserve Bank of India are in talks to explore linking the unique identity number with bank accounts to enable cashless transactions at outlets like 'kirana' stores.

The Authority has proposed a UID-enabled Bank Account (UEBA) which will give customers access to their account through Business Correspondent (BC) operating a handheld microATM device.

Transactions on the UID-enabled bank account function essentially as a prepaid system, similar to that used by mobile operators.

Bullet proof scam bigger than Bofors

The case of a senior home ministry official caught taking Rs 10 lakh as bribe for the purchase of bulletproof jackets turned dramatic on Thursday, with the alleged bribe-giver claiming in court that there was a "cartel"in the MHA that received kickbacks, and that the scam was bigger than Bofors.

As the CBI sought custody of IRES officer R S Sharma and two other accused, one of them—R K Gupta, director of a Delhi company producing defence equipment— claimed he was framed for exposing the "cartel".

Fourth Women judge in apex Court to be sworn in

Former Jharkhand High Court Chief Justice, Gyan Sudha Mishra, will take oath as a Supreme Court Justice on Friday.

She will be the fourth woman judge in the apex court.

Mishra (61) was initially appointed as judge of the Patna High Court in March 1994, but was transferred to the Rajasthan High Court.

Rape victim in Gujarat seeks court for abortion

The Gujarat High Court has directed hospital authorities to conduct medical examination of a 13-year-old victim who has sought permission for abortion after she conceived as a result of being repeatedly raped allegedly by her employer.

Justice A S Dave directed the medical officer at the Surendranagar civil hospital to find out if the minor girl was physically and mentally fit to undergo termination of pregnancy.

The doctor has been asked to submit the report by May 4, and the girl also has been asked to remain present in the court.

I simply don't care about ULFA's threats - Assam CM

Assam Chief Minister Tarun Gogoi on Friday downplayed threats to his life by the outlawed United Liberation Front of Asom (ULFA) saying it was "nothing new." He ruled out talks with ULFA on its demand of sovereignty.

The Chief Minister was reacting to reports about New Delhi's warning of possible attacks by an ULFA hit squad against him, Health Minister Himanta Biswa Sarma and his younger brother Susanta Biswa Sarma, said a police official.

"I simply don't care about ULFA's threats as these are nothing new for me. There has always been a threat perception on my life and still I move around freely," the Chief Minister said.

Two CRPF men in the six arrested on selling arms to Maos

Police in the Indian state of Uttar Pradesh have arrested two paramilitary soldiers on suspicion of stealing arms and selling them on to Maoist rebels.

The arrests were made after police raided the camp of the Central Reserve Police Force (CRPF) in Rampur town.

An inquiry has been ordered into the alleged theft and sale, officials said.

List spies in Intelligence agencies of India since establishment

Arrested IFS officer Madhuri Gupta may not be in the league of famous women spies Mata Hari and Virginia Hall, but the allegations that she was passing on sensitive information to ISI agents is a rude shock to the Indian establishment.

India's external Intelligence agency Research and Analysis Wing (RAW), like any other snooping organisation of the world, has a history of agents who had switched their loyalties towards countries where they were working.

Mata Hari's name became synonymous with espionage and the Dutch dancer, whose real name was Gertrud Margarete Zelle, was executed by a French firing squad in 1917 on charges of being a spy. Virginia
Hall was an American spy during the Second World War and the Gestapo (Nazi political police) considered her the most dangerous of all allied spies.

RAW officer has no link with Diplomat-Spy

The Indian diplomat arrested for using her office in Islamabad to spy for Pakistan did not receive any information from the local head of India's intelligence-gathering agency, the Research and Analysis Wing (RAW).

Intelligence sources told that RAW's station chief in Islamabad,  RS Sharma, was part of the team that was investigating Madhuri Gupta's activities over the last eight months.  Gupta was arrested earlier this month for selling information to her Pakistani handler, a man she claims she fallen in love with. 

Sharma was called to Delhi weeks before Gupta's arrest. He shared information collected against Gupta and returned to Islamabad before Gupta was taken into custody.

Nokia to launch X2 in India- then globally






Looks like Nokia has gone on a phone announcement spree of late. Just days after the N8 was officially unveiled, Nokia has revealed its latest addition to the X-Series range of handsets.

The X-Series which, until now, comprised of the X3, the China specific X5 and the high-end X6, received a new sibling in the form of the X2. The X2, as evident from the naming scheme, will be positioned below the X3 and is a mid-range handset.
Let's see what it has to offer you.

The X2 features a 2.2 inch QVGA display, dedicated music keys, dual speakers, Bluetooth 2.1, 3.5mm headset jack, FM radio, Nokia Messaging, Facebook integration and MicroSD card support. The phone, unlike other X-Series handsets, runs Nokia's proprietary S40 OS. On the imaging front, it has a very impressive 5 megapixel camera at the rear. This is a rather surprising because the X3, which is positioned above the X2, has a 3.2 megapixel camera.

The X2 is slated to be launched in June, first in India. The price is expected to hover at around the $112 (Rs. 5,000) mark. That seems to be a decent price for a handset of its caliber. Also, this might just be the cheapest 5 megapixel phone you could buy these days.

Cong accuses BJP of "GREED FOR POWER"

The Congress's Jharkhand unit today accused the BJP of "greed for power" which, it said, has led the saffron party to put on hold withdrawal of support to the Shibu Soren government in the state.

Alleging that the BJP was again "playing the game of numbers", a Congress release here said "Frequent change of decisions among the BJP and the JMM has not only left Jharkhand reeling under a political crisis, but also lowered the dignity of democratic norms."
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