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Tuesday, February 01, 2005

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TELECOMMUNICATIONS


Only 2,000 opt for VRS in MTNL
MAHANAGAR Telephone Nigam Ltd's latest voluntary retirement scheme, which closed today, has somewhat come a cropper with only around 2,000 employees, out of its total staff of around 58,000, applying for it. "Around 1,200 employees in Mumbai, ... More

MTNL plea on ADC rejected — Lower mobile tariffs effective from today
THE new Access Deficit Charge will come into effect from February 1, with the Telecom Disputes Settlement Appellate Tribunal (TDSAT) refusing to grant a stay toMahanagar Telephone Nigam Ltd's (MTNL) petition challenging the new regime. MTNL had ... More

FINANCIAL PERFORMANCE


Mascon Global Q3 net dips
MASCON Global Ltd, has reported a net profit of Rs 69 lakh on a turnover of Rs 74.99 crore for the quarter ended December 2004, against a net profit of Rs 1.96 crore on turnover of Rs 54.46 crore for the corresponding quarter last year. Total ... More

SOFTWARE


MyITgroup opens centre in Bangalore
MyITgroup has begun talks with SAP India to build tools and components for its business software. More

MERGERS & ACQUISITIONS


SBC to buy AT&T for $16b
SBC Communications Inc will be buying out its former parent, AT&T Corp, for some $16 billion (Rs 6,700 crore), thereby paving the way for one of the nation's largest telephone companies. The formal decision was arrived at during late Sunday ... More

Bharti buys Max Group's VSAT biz for Rs 33 cr
TELECOM major Bharti Tele-Ventures on Monday said that it acquired Max Group's Very Small Aperture Terminal (VSAT) business for Rs 33 crore. The all-cash deal would take Bharti to the number two spot in the VSAT industry after Hughes Escorts ... More

ALLIANCES & JOINT VENTURES


Monster India in pact with Shaadi.com
MONSTER India, which is a part of the leading global online careers network Monster, on Monday announced an exclusive strategic alliance with matrimonial services provider Shaadi.com. "As part of the alliance, Monster India will host ... More

BROADBAND


BSNL nets over 1 lakh bookings for broadband service
BHARAT Sanchar Nigam Ltd has received over one lakh bookings for its broadband services in the first two weeks since its launch. The state-owned company has given 1,000 connections and has rolled out the DataOne service in six cities. "The ... More


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