BSNL to launch its WiMAX Services Nationwide

BSNL-WiMAXThe State-owned telecom operator Bharat Sanchar Nigam Ltd (BSNL) has introduced its first commercial WiMAX, the 4th Generation Wireless Broadband Service, in Rajasthan with speed up to 7 mbps with a view to empower the rural India with High Speed Super Fast Internet.

BSNL has kept a very low rent of just Rs 140 per month for rural areas for the WiMAX Broadband service, which is the cheapest price at the moment. BSNL has planned to initially erect 200 WiMAX BTS in the states including Rajasthan, Uttar Pradesh, Punjab, Madhya Pradesh and Chhattisgarh, and has announced that services in 1,000 Block Headquarters will be soon launched across India.

BSNL has targeted the WiMAX against the company's objective of rural empowerment. The WiMAX service will provide services like video conferencing, tele-medicine service and tele-education and will provide other services through local administrative body i. e. Panchayat Samiti (Block Headquarters) like payment of utility bills, issue of birth certificates, land records, on line vehicle registration etc.

Putting light on the aim of the launch of the WiMAX service, Mr. Sachin Pilot said, "This unique technology has been deployed for the first time in our country. Through this BSNL will usher in a new era of growth in rural areas."


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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.