BSNL announces to launch WiMax in NCR this month

BSNL-LOGOBharat Sanchar Nigam Ltd. (BSNL), the state owned telecom major, has announced to commence the latest wireless broadband service WiMax, in the NCR this month.

Minister of IT and Communication, Mr. Sachin Pilot informed that in the starting phase, the service will be launched in the Dhokar of the Greater Noida in Uttar Pradesh, from there the other parts of the NCR will covered under service including, Bisrakh, Dadri, Jewar and Jahangirpuri in next financial year. The service will enable the users to access services like video telephony, TV on mobile, video-conferencing, tele-medicine and e-learning.

BSNL and MTNL have collectively planned to set up 10 new exchanges by the end of this financial year in the places Noida and Greater Noida.

While assuring the minimized downtime of the towers in these areas, Mr. Pilot said, "With improved quality of service, I am expecting that both companies will add 25,000 new subscribers to their present subscriber base."

He further informed that more than 40,000 mobile subscribers will be added in Noida and Greater Noida areas by March 2011.


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Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Reliance Industries Purchase an Additional 0.68% Interest in EIH Ltd.

Owner of Energy giant Reliance Industries, Mukesh Ambani has put in an extra 0.68% in EIH Ltd. With this, his total stake in the hotel chain has increased to 14.8%. In a filing to the Bombay Stock Exchange, EIH said that the shares were purchased from the market on Tuesday.

Shares of Reliance surged 0.3% at Rs. 939.3 in proportion to the Mumbai market at 1.26pm, while EIH shares witnessed a 4.5% rise at Rs. 150.2.

On Monday, Reliance was quoted saying that it is widening its horizon and has procured 14.12% stake in EIH for a sum of $217.5 million.

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

Bajaj Auto Records 55% Surge in Sales of Vehicles in August

On Thursday, Bajaj Auto posted a 55% increase in its sales of vehicles. In the month of August, the Company recorded sales of 3,29,364 vehicles, compared to 2,13,072 units in the same month the year before.

Last month, 2,89,176 two wheelers were sold by Bajaj Auto, a big surge than 1,82,441 units, which were sold in August 2009. The Company’s cumulative sales of two wheelers for the time frame between April and August 2010 increased by 68% and were recorded at 1,397,348 units. The number was high from 833,235 units that were retailed during the same period last year.