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Granules Q1 net up 129% at Rs 6 cr
Granules India Limited (GIL), a Hyderabad-based active pharmaceutical ingredients (APIs) and pharmaceutical formulations intermediates, reported a net profit of Rs 6.19 crore for the quarter ended June 2009, as compared with Rs 2.7 crore in the corresponding quarter last year, reflecting an increase of 129.25 per cent.

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NE industries euphoric over Bangla accords
The industry of the North East is euphoric with Bangladesh government agreeing to grant access to Mongla and Chittagong ports for movement of goods to and from India.

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A V Rajwade: Financial regulation - The US model
A V Rajwade / New Delhi September 26, 2009, 0:41 IST
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DoT may ask TataComm, Airtel to end ILD pacts with SingTel

The Department of Telecommunications (DoT) may ask two leading private operators, Bharti Airtel and Tata Communications, to terminate their contracts with Singapore Telecommunications (SingTel), which was allegedly offering international long distance (ILD) services here without a licence. - DoT seeks MHA"s views on security clearance by telecom firms - RCom wants action against its special auditor - Tata Comm to invest up to Rs 500 cr in Pune data centre - Ball to start rolling for 3G auction tomorrow - DoT may prohibit M&As among 3G players - Tata acquires Mosaic from BT SingTel, which has over 32 per cent stake in Bharti Airtel, may also attract a penalty for violating laws and offering services in India without a proper licence. DoT also plans to penalise other foreign telcos such as AT&T, British Telecom, Equant (France Telecom) and Verizon for illegally offering services before obtaining licences to operate in India. The Indian operators, Bharti Airtel and VSNL, have entered into “illegal agreement” with SingTel by appointing them their agent to deal with Indian customers directly, including billing for the services provided, DoT said in an internal note. SingTel is the parent company of SingTel Global (India) Pvt Ltd, which has an ILD licence in India. In their response to DoT, SingTel however, has said: “SingTel does not provide any telecom services in India nor has acted in India as an independent telecom service provider at any point of time. SingTel does not provide any ILD services to any customers in India.” SingTel has tied up with Bharti and Tata Communications (previously VSNL), two licensed ILD operators, to offer services.


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