Caretel bags GSM call centre contract from MTNL

BPO services provider Caretel, a Dalmia group company, has bagged a two-year contract from state-owned Mahanagar Telephone Nigam Ltd (MTNL) to manage the latter’s call centre. The financial terms of the deal were not disclosed. The contract is for an initial 200 seats, and this will help MTNL to save costs and increase profitability, Caretel said in a release issued here today. Under the deal, Caretel will manage in-bound call centre operations for MTNL’s GSM services in Mumbai, and offer multi-lingual voice and data support through its call centre. The Dalmia group company will also provide billing support, outbound calling for lead generation, telemarketing and billing reminders for MTNL’s subscribers. “We see great potential business in the Indian telecom market in coming days and would continue adding more names to the growing list of our clients around the country,” Caretel Infotech CEO Amit Roy said.

Tharoor meets Sonia amid demands for resignation

Union Minister Shashi Tharoor, whose "cattle class" remarks had created a controversy, today met Congress President Sonia Gandhi amid demands for his resignation. Also Read Related Stories News Now - Tea with BS: Jairam Ramesh">Tea with BS: Jairam Ramesh - Infosys logs on to luxury with world's largest training centre - Congress headquarters to get a new look - golgappa moment">Tharoor's golgappa moment - Pressure builds on Tharoor - Congress anticipates return of NAC Also Read Related Stories News Now - Sensex ends up 121pts - REC to take expeditious measures for proposed FPO - JAL may separate profitable operations for restructuring - Media Matrix to open chain of pubs in Indian subcontinent - UPDATE: NTPC may sign RIL deal for gas at $4.20/mmBtu More Tharoor, who was on an official visit to Liberia and Ghana when the controversy broke out, met Gandhi soon after his return here.After his 20-minute meeting, Tharoor sped past without taking questions from waiting newspersons. His comment on his Twitter last week dubbing travel in economy class as "cattle class" had evoked strong rebuke from the AICC.Rajasthan Chief Minister Ashok Gehlot had even demanded his resignation as Minister of State for External Affairs. Prime Minister Manmohan Singh had downplayed the controversy saying Tharoor's comment was a joke. After meeting Sonia Gandhi, Tharoor met senior Congress leader and Finance Minister Pranab Mukherjee, apparently to discuss the controversy related to his tweeting

GAIL signs two gas sourcing deals in Tamil Nadu

GAIL has signed two contracts for sourcing natural gas from PY-1 field for supply to a power plant in Tamil Nadu. BSE | NSE Price Also Read Related Stories News Now - HOEC settles gas row with GAIL; shares surge 4% - Arbitrator's award upheld - High-powered panel not in favour of NMDC-KIOCL merger - ONGC to start gas production from Mumbai field - GAIL signs MoU for city gas in Kerala - PSU IPOs should be only for retail investors: Prime Database Also Read Related Stories News Now - Sensex ends up 121pts - REC to take expeditious measures for proposed FPO - JAL may separate profitable operations for restructuring - Media Matrix to open chain of pubs in Indian subcontinent - UPDATE: NTPC may sign RIL deal for gas at $4.20/mmBtu More A long term gas sale contract (GSC) for the PY-1 gas supplies was signed between the company and HOEC. The company also entered into a contract in downstream for the supply of PY-1 gas with PPN Power Generating Company in Tamil Nadu. The GSC between Gail and HOEC provides for a primary term of 15 years which can be extended on mutually agreed terms. For the first six years, gas supplies are expected in the range of 51,000 mmbtu per day. Gail is also entitled to receive additional gas, if any, from the field as per the terms of the contract. Currently, GAIL owns and operates a network of 7,100 km of natural gas high pressure trunk pipeline. During the current five year plan, it is investing Rs 20,000 crore to build up 5000 km of pipeline. On the Bombay Stock Exchange, the company's stocks were trading at Rs 349.05, down 0.56 per cent at IST 1454

Natco to make 10 mn strips of generic Tamiflu available by Oct

City-based drug firm Natco Pharma (NPL) will make ten million strips of its generic version of Roche's swine flu medicine Tamiflu available by October.
BSE | NSE

Price








Also Read


Related Stories


News Now





- Sanofi bags order from US for supplying swine flu vaccine

- 'H1N1 virus has not mutated, vaccines on track'

- 5 more swine flue deaths, 480 outlets to sell Tamiflu

- Tamiflu to be available in market

- Govt decides to allow retail sale of Tamiflu

- 40% of swine flu patients young and healthy: WHO




Also Read


Related Stories



News Now




- Sensex ends up 121pts

- REC to take expeditious measures for proposed FPO

- JAL may separate profitable operations for restructuring

- Media Matrix to open chain of pubs in Indian subcontinent

- UPDATE: NTPC may sign RIL deal for gas at $4.20/mmBtu

More




"We are fully equipped to meet the demand and by October end about ten million doses (a strip of ten capsules taken twice a day for five days) will be available," Natco Pharma Director and Chief Financial Officer P Bhaskara Narayana told reporters here late Monday evening.
The company, which last evening launched Natflu — generic version of oseltamivir, (branded as Tamiflu)— will start selling at licensed chemists in Andhra Pradsesh by the end of this week and other parts of South India.
"It will shortly be marketed throughout the country," he said, adding that currently it was difficult to estimate the demand but the company could supply whatever the demand may be.
He said a strip of ten tablets of Natflu will cost Rs 480 in the retail market whereas for government purchase it will be priced at Rs 275.Narayana said many chemists, including pharmacy chain Medplus, have applied for the license to sell the drug. Medplus has 630 outlets across country and in Hyderabad Natflu will be available at 25 Medplus shops.
When asked about pediatric patients, Narayana said the drug for the children will be available within 45 to 60 days.

Gujarat NRE Coke plans to raise Rs 300 cr via securities

Coke producer Gujarat NRE Coke today said it is planning to raise Rs 300 crore through the issue of securities that includes foreign currency convertible bonds (FCCBs). A meeting of the board will be held on September 24, to discuss the issue of securities (including FCCBs) for an amount not exceeding $60 million or Rs 300 crore, Gujarat NRE Coke said in a filing to the Bombay Stock Exchange (BSE). Further, the board would also consider the issue of 25 million convertible warrants to promoters or promoter group companies, the filing added. Besides, the company also announced bonus issue of shares carrying lower voting rights in the ratio of one equity for every 10 shares held by the investors. Under the scheme, the board has recommended the issue of one share of differential voting rights for every 10 shares of the company, it said. Shares of Gujarat NRE Coke were trading at Rs 216, up 0.26 per cent in afternoon trade on the BSE

Garware Offshore - Updates

Garware Offshore Services Ltd has informed that Company's Curative Petition filed before the Hon'ble Supreme Court against Oil & Natural Gas Corporation Ltd has been dismissed.

Jai Corp mulls setting up three power plants in Maharashtra

Anand Jain-controlled Jai Corp Ltd, proposes to set up three power projects aggregating 6,200 Mw, through its associate companies in Raigad district of Maharashtra, the company said in its annual report. "Jai Corp has strategised its presence in power generation distribution and trasmission through its associate companies, Urban Energy Generation Pvt Ltd (UEGPL), Urban Energy Distribution Pvt Ltd (UEDPL) and Urban Energy Transmission Pvt Ltd (UETPL)," the company said. UGEPL, a special purpose vehicle (SPV) has been granted the status of a co-developer by the Board of Approval, Ministry of Commerce and Industries. It's 2,000 Mw power plant at Dronagiri node of Navi Mumbai SEZ (NMSEZ) in Uran Taluka will be implemented in three phases. Environmental and coastal regulation zone clearances have been obtained, it said. The Maharashtra government has also issued support letter for its 2,100 Mw power plant at Vangni Tarfe Taloja in Panvel Taluka and the state government has issued support letter for its 2,100 Mw power plant at Kondgaon, Nagothane in Roha Taluka, it said. The company is developing the Rewas Port project in Maharashtra. The port is developed by Rewas Ports under a Concession Agreement executed with the Maharashtra Maritime Board (MMB), a nodal agency of Maharashtra government. The approvals necessary prior to commencement of work have been obtained. Work would commence after land is made available to that company, it said. Commenting on the status of its Navi Mumbai SEZ, it said the Maharashtra government has appointed City and Industrial Development Corporation of Maharashtra (CIDCO) to co-ordinate the development of NMSEZ. The total size of NMSEZ is 5,289 acres (approximately 2,140 hectares) with a convenience of existing rail, sea and air linkages and also the planned ones, which are expected to be developed in the near future, it said. Its Mumbai SEZ (MSEZ) has also obtained an in-principle approval of the Ministry of Commerce to develop a 5,000 hectares SEZ at Khopta in Maharashtra. Through its stakes in Navi Mumbai SEZ (NMSEZ), Mumbai SEZ (MSEZ) and Rewas Port SEZ, Jai Corp has fortified its belief in participating in one of the best growth accelerators creating of infrastructure in India, Jai Corp's Chairman, Anand Jain, said in his Chairman's statement. The company stands committed to participating in creating world-scale and world-class integrated urban infrastructure that will accelerate the pace of India's economic development. The SEZ will encompass all other ancillary services such as power, water, IT, telecom, EPC and other infrastructure resources necessary to facilitate an efficient conduct of commerce. The SEZ will attract companies operating with high Intellecual Property Rights (IPR) and provide businesses a more conducive environment, Jain said. "In our venture capital business, the funds that we manage and advise have a collective corpus of about Rs 5,500 crore. Out first fund that we manage has addressed the needs of Indians who wish to invest in the real estate sector in India," Jain said. "The second fund that we advise is addressing the needs of international investors who wish to invest in the real estate sector in India. These funds have attracted some of the best domestic and international investors to participate in the growth and development of the real estate sector in India," Jain said. The company has invested in entities engaged in the businesses of creation of essential integrated urban infrastructure. These businesses relate to SEZs, ports, real estate and other ancillary services related to the creation of urban infrastructure. The company also intends to focus on its asset management business in order to deploy global capital in the development of the real estate sector in India. India requires a minimum of $500 billion to create infrastructure needed to support its current growth. Given that between 1999 and 2005 total private investment in infrastructure was $51 billion, Jai Corp is visualising tremendous growth opportunity in creating the much-needed infrastructure in India, the company said.