 |
||
|
||
| Airtel offers festival gifts to customers Excelsior Correspondent SRINAGAR, Oct 17: Eid and Diwali festivals have come up with existing offers for the Airtel .........more Rifle
Jeans showroom Excelsior Correspondent JAMMU, Oct 17: "Rifle Jeans" Italian trendy wears showroom started marketing at Queen’s Way at Residency Road.......more Maha Govt agrees to buy electricity from Dabhol power project NEW DELHI, Oct 17: Maharashtra Government has agreed to buy electricity from the Dabhol power project at Rs 5.01 per unit and the plant is likely to be re-started by the middle of next month..........more Bharti Airtel to announce Q2 results on Oct 27 MUMBAI, Oct 17: Leading telecom service provider, Bharti Airtel Ltd today said it will announce the audited financial results for the quarter and half , .....more |
|
Gayatri Projects lists at Rs 333 on
BSE MUMBAI, Oct 17: Gayatri Projects Ltd today listed at Rs 333 on the Bombay Stock Exchange at a 12.88 per cent premium over its issue price of Rs 295 per share..........more Servion bags 'Best Partner' award from Microsoft NEW DELHI, Oct 17: Servion Global Solutions, a leading provider of Customer Interaction Management solutions has got the 'Best Dynamics Integration ISV Partner' Award for the year 2006 by ...........more NTPC to announce Q2 results on Oct 30 MUMBAI, Oct 17: State run power generation major National Thermal Power Corporation Ltd today said it will announce the unaudited financial results for quarter ......more 3G: We are ready, say handset manufacturers NEW DELHI, Oct 17: After the Telecom Regulatory Authority of India’s (TRAI) recent recommendations on the introduction of faster mobile ) ...........more |
Airtel offers festival gifts to customers Excelsior Correspondent SRINAGAR, Oct 17: Eid and Diwali festivals have come up with existing offers for the Airtel customers to celebrate of month of gifts. This festival season, Airtel J&K is adding the extra sparkle to the celebrations with its new offerings like Advanced Rental plans, like RC 495, SMS Pack, Full Talk Time and 50 free SMS on SUK 99 and 149 plan. This festival season Airtel customers would be spotted in the crowd and provided surprise gifts. Commuters could now set themselves free from the tension of paying the rentals every month by opting for Advance Rental Plans. With a one time charge of Rs 799 for one year and of Rs 1399n for two years, the tariff under both the plans is Rs 1.20 for Airtel to Airtel, Rs 1.50 for Airtel to mobiles and Rs 1.75 for Airtel to Landlines. The other offers are lucrative with SMS pack giving unlimited freedom to enjoy the services at much cheaper rates. SMS pack of Rs 14 with 15 days validity comes with SMS at the rate of Rs 25 paisa. Besides the recharge of Rs 495 is another offer to be enjoyed. Coming with a talk time of Rs 255 with 30 days validity with added advantage of Airtel to Airtel local calling at the rate of 30 paisa per minute and Airtel to Airtel STD at the rate of 90 paisa per minute. All other calls are to be charged at the rate of 90 paisa per minute on recharging with Rs 495. Also Airtel prepaid customers are in for a treat of full talktime and 50 free local SMS on SUK 99 and 149. The offer is applicable on first recharge of Rs 200 and above. |
Rifle Jeans showroom starts marketing Excelsior Correspondent JAMMU, Oct 17: "Rifle Jeans" Italian trendy wears showroom started marketing at Queen’s Way at Residency Road, here today. Om Parkash Gupta is first sole franchise at Jammu. The show room deals with wide-range of specially designed trendy jeans and other items for new generation men and women. Varun Mahajan, incharge of the Show Room, said that the Rifle Jeans products are very popular in European and other countries. He said this company has started launching its outlets in India. These new fashion items are now available at the show room in Jammu as well, Mr Mahajan said. The items available include specially designed jeans and jackets as also pullovers, T-shirts, Cordy, cargo pants and wide variety of other products. |
Maha Govt agrees to buy electricity from Dabhol power project NEW DELHI, Oct 17: Maharashtra Government has agreed to buy electricity from the Dabhol power project at Rs 5.01 per unit and the plant is likely to be re-started by the middle of next month. Ratnagiri Gas and Power Private Ltd, the new owner of the Dabhol project, and Maharashtra State Electricity Distribution company will sign an agreement for this purpose by tomorrow. Maharashtra will buy upto 700 megawatt of power from block II, of the plant, which will be run on imported naptha. The state has also agreed to buy power even if the tariff crosses Rs 5.50 per unit, the two sides informed power regulator CERC. (PTI) |
Bharti Airtel to announce Q2 results on Oct 27 MUMBAI, Oct 17: Leading telecom service provider, Bharti Airtel Ltd today said it will announce the audited financial results for the quarter and half year ended September 30, on October 27. The company informed the Bombay Stock Exchange that a meeting of the board of directors would be held on October 27 to consider and take on record the financial results for the second quarter and half year ended September 30, 2006. (PTI) |
Gayatri Projects lists at Rs 333 on BSE MUMBAI, Oct 17: Gayatri Projects Ltd today listed at Rs 333 on the Bombay Stock Exchange at a 12.88 per cent premium over its issue price of Rs 295 per share. The company had entered the capital market with an initial public offer of 29 lakh equity shares of Rs 10 each for cash at a premium and the price band for the issue had been fixed between Rs 275 and Rs 295. The issue had been oversubscribed 5.68 times and Allianz Securities and IL&FS Investsmart were the book running lead managers to the offer. Gayatri Projects is engaged in execution of major civil works including roads and highways, irrigation canals, concrete/masonry dams and ports. (PTI) |
Servion bags 'Best Partner' award from Microsoft NEW DELHI, Oct 17: Servion Global Solutions, a leading provider of Customer Interaction Management solutions has got the 'Best Dynamics Integration ISV Partner' Award for the year 2006 by software major Microsoft. ''We are delighted that this unique integrated offering has leveraged the strengths of Microsoft aand Servion,'' said S Madhavan, Executive Director, Strategic Business Development, Servion Global Solutions. The award has been conferred for the company's integration of RAP CTI (Computer Telephony Integration) with Microsoft Dynamics CRM 3.0, providing contact centres a unique customer interaction platform. From now, Microsoft Dynamic CRM users can interact with their consumers, capture conversations across all channels of communication, and convert information into meaningful customer knowledge.(UNI) |
NTPC to announce Q2 results on Oct 30 MUMBAI, Oct 17: State run power generation major National Thermal Power Corporation Ltd today said it will announce the unaudited financial results for quarter ending September 30, on October 30. The company informed the Bombay Stock Exchange that a meeting of the board of directors would be held on October 30 to approve and take on record the financial results for second quarter ending September 30, 2006. (PTI)_ |
 |
3G: We are ready, say handset manufacturers NEW DELHI, Oct 17: After the Telecom Regulatory Authority of India’s (TRAI) recent recommendations on the introduction of faster mobile services, called the 3G (or third generation) or ‘broadband of mobiles’ in India, most handset manufacturers are gearing up not only themselves, but also their prospective customers for the new world. Besides qualitative improvement in current services, 3G will enable faster internet, mobile television, video-conferencing with DVD quality and many other services. "Currently a mobile phone is a communication device, and it will become an experience device, with fusion of various media, where convergence is going to be the mantra," says Vineet Taneja, Multimedia Business Director, Nokia. The company expects to sell around 250 million convergence devices worldwide by 2008. Companies aggressively demonstrated the 3G prowess of their devices at a just concluded Mobile Consumer Exhibition here. If Nokia launched its N-95 that promises super-fast data transfers, Samsung showcased its Z-620 and P910 models, with a technology imported from South Korea to demonstrate the 3G capabilities of the handsets which include video-telephony with crystal clear quality, music downloads, movie clips and mobile TV at high speed. "The quality of services will be world class. And we think that the Indian customer is ready for 3G, as it will offer them various media in one platform, just at the click of a button," says Dipesh Shah, Vice-President, Samsung. There are around twenty 3G-enabled devices already in the market, but some manufacturers are waiting for the service providers to roll out 3G. "We have a wide range of 3G enabled devices in our portforlio including a upgraded version of the V3i in Europe and elsewhere. Once we get an indication from the service providers, we might think of introducing some of them.," says Llyod Mathias, Director-Marketing, Motorola. Motorola is planning to roll out its 3G handsets in the first and second quarters of next year. "I am not concerned with what others have launched. We don’t know how well the 3G will work out in the Indian market, but once we know the full range, we will be ready with 3G devices within no time," says H S Bhatia, Group Head, LG. Besides the quality of services, two major factors that will determine the success of 3G in India, observers say, are the price of handsets and the charges the service providers will exact. Although handset manufacturers are reluctant to reveal the prices, it is estimated that they will be higher than the current GPRS devices. "Worldwide, 3G devices cost 30-40 per cent more than the GPRs devices, and I think that will be the case here too," says Mathias. "Currently we have devices that can handle some 3G services like high speed Internet, which are reasonably priced, probably they will cater to the initial offerings from the service providers which we expect mostly to be data-related" says Sudhin Mathur, General Manager, Sony Ericsson, India. The high-end convergence devices are sure to cost upwards Rs 25,000. "If the charges are too high, which I don’t think will be the case in India, there might me some difficulty in penetrating the market, especially in B and C class cities, says Mathur. "It all depends on the licence fee for the spectrum and so many other things, but we think due to competition, the prices will be low and the customers will benefit," says Mathias. The 3G services are
expected to roll out around the first quarter of next
year, and handset manufacturers can’t wait for the
summer of 2007. (PTI) |
Servion bags ‘best partner’ award from microsoft NEW DELHI, Oct 17: Servion global solutions, a leading provider of customer interaction management solutions has got the ‘best dynamics integration ISV partner’ award for the year 2006 by software major microsoft. "We are delighted that this unique integrated offering has leveraged the strengths of microsoft aand servion," said S Madhavan, executive director, strategic business development, servion global solutions. The award has been conferred for the company’s integration of rap CTI (Computer Telephony Integration) with microsoft dynamics crm 3.0, providing contact centres a unique customer interaction platform. From now, microsoft dynamic crm users can interact with their consumers, capture conversations across all channels of communication, and convert information into meaningful customer knowledge. (UNI) |
Repudiation of "mediclaim policy"; OICL to pay Rs 1.48 lakh NEW DELHI, Oct 17: Holding the Oriental Insurance Company Limited (OICL) guilty of repudiating the "mediclaim policy" on the ground of concealment of pre-existing ailment, the Apex Consumer Commission has asked it pay Rs 1.48 lakh as compensation including the insured amount to person who was denied reimbursement after he underwent by-pass surgery. "Diseases concerning heart which can lead to death would not be ignored and left untreated normally by anyone," said National Consumer Disputes Redressal Commission awarding compensation to one Praveen Damani whose policy was repudiated by the company allegeing that he delibrately did not divulge the disease at the time of taking the insurance. Most of the people are unaware of the symptoms of the diseases that they suffer from and hence they cannot be made to suffer because the insurance company abuses "the pre-existing ailment clause" to repudiate claims, said the Commission bench headed by Justice M B Shah and member Rajya Lakshmi Rao. Rejecting the OICL contention, the Commission said, in any case, Praveen had been thoroughly checked by the doctors of the company and was found hale and hearty. The order came on a revision petition filed against the verdict of Chattisgarh State Consumer Commission which, upholding the district fourm’s findings, has concluded that the insured was rightly denied the reimbursement. As per the complaint, Damani bought the mediclaim policy for a sum of Rs 3.5 lakh from the OICL for a period of one year starting from June nine 2000. Two months after, he, during his visit to Banglore, developed chest pain and uneasiness and went to see a doctor who suspected serious complications. Subsequent tests including coronary angiography showed serious blockages in three arteries and as per the advice of treating doctors, he underwent cardiac by-pass surgery. Later, he claimed the reimbursement from the insurance company which repudiated the policy saying that Damani had known his condition but supressed it. Against this, he approached the district and state consumer forum which disallowed his complaint forcing him to approach the Apex Consumer Commission. Setting aside the lower courts’ orders, the Commission said if the interpretations of the subordinate forums were upheld, the insurance companies could never be held liable to pay any claim because every person suffers from symptoms of some or other diseases without knowing of it. (PTI) HDFC bank Q2 net profit up by 31% NEW DELHI, Oct 17: HDFC Bank Ltd today posted 31.70 per cent growth in its net profit to Rs 262.94 crore for the quarter ended September 30, 2006, as compared to Rs 199.64 crore over the same period last fiscal. However, the bank registered 58.47 per cent increase in its total income to Rs 2033.37 crore for the quarter ended September 30, 2006, as against Rs 1283.05 crore during the corresponding last year, a company statement said. (UNI) |
HDFC Q2 fy 07 net profit up 31.7 pc MUMBAI, Oct 17: Leading private sector banking major, HDFC bank limited, has clocked a 31.7 per cent jump in its net profit at Rs 262.9 crore in Q2 fy 07 while its total income increased to Rs 2,033.4 crore from Rs 1,283 crore in the corresponding period last fiscal. "Despite the higher interest rate environment and the branch network remaining unchanged, the business momentum remained healthy in both retail and wholesale customer franchises," HDFC bank stated in a release issued here today. Net revenues witnessed an increase of 42.5 per cent at Rs 1,243.3 crore as against Rs 872.3 crore while interest earnings stood at Rs 1,635.7 crore as against Rs 1,022.9 crore in the previous corresponding quarter. Driven by an average asset growth of 40 per cent and a stable core net interest margin at just about four per cent, the bank’s net interest income expanded by Rs 233.5 crore (38.1 per cent) to Rs 845.6 crore. Other income (non-interest revenue) also rose sharply by 52.9 per cent at Rs 397.7 crore as against Rs 260.2 crore in the previous corresponding quarter of the last fiscal. Operating expenses for the quarter increased by Rs 177.5 crore to Rs 579.1 crore and was 46.6 per cent of net revenues and 28.5 per cent of the total income. The bank had earmarked Rs 305.7 crore as provisions and contingencies for the quarter as against Rs 180.6 crore in the same period last fiscal. This comprised principally of specific provisions for non-performing assets and general provision for standard assets of Rs 220.7 crore and amortisation of premia (for investments in the HTM category) of Rs 57.6 crore. HDFC’s total balance-sheet size increased by 39.7 per cent from Rs 60,388 crore as of September 30, 2005, to Rs 84,363 crore in September 30 this year. Total deposits increased by 39.6 per cent to Rs 63,447 crore as compared to the previous corresponding quarter of last year, with the Casa Mix at a healthy 52 per cent of total deposits as at the end of the quarter. The bank’s total customer assets, which includes advances, corporate debentures and investments in securitised paper, among others, registered a 34.2 per cent growth at Rs 49,326 crore as against Rs 36,764 crore in the corresponding quarter last year. Retail loans grew robustly at 44 per cent on year-on-year basis to Rs 25,211 crore and presently forms 56 per cent of gross advances. The bank was comfortably placed on both the Non-Performing Assets (NPA), which stood at just 0.4 per cent of total customer assets, as well as capital adequacy ratio front which stood at 12.1 per cent as against the RBI stipulation of nine per cent. During the quarter, the bank raised Rs 241 crore of subordinated debt qualifying as lower Tier II capital, Rs 300 crore of Upper Tier-II capital and Rs 200-crore of perpetual debt qualifying as hybrid Tier I capital. On a six-month basis or half-yearly ended September 30, the bank’s total income stood at Rs 3,888 crore as against Rs, 2,440.7 crore in the corresponding period previous year. While net revenues rose by 45.3 per cent over the Rs 1,659.5 crore of last year to Rs 2,411.7 crore, the bank’s net profit climbed to Rs 502.2 crore, up 31.1 per cent over the corresponding six months of the previous fiscal. (PTI) |
|
