GSM-based mobile operators are gearing up to launch a key component of web-based value added service - instant messaging - in the next three weeks, where a subscriber can send and receive real time messages.
The fund, which generally funds around 2-3 companies every quarter, is expected to invest in three more companies in July.
The mobile value added services are poised to grow by over 65 per cent to touch Rs 8,200 crore (Rs 82 billion) by the end of this fiscal from Rs 4,950 crore (Rs 49.50 billion) in the last fiscal, according to an estimate by industry body Assocham.
Reliance Communications will invest $60 million in Saudi Arabia to connect the kingdom and other Gulf states with 53 countries around the globe on its fibre optic network and provide value-added services to its network users. \n\n
Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.
Bandhan expects to have a loan portfolio of Rs 14,500 crore.
Many companies are now doing product development from India. There are a lot of products and applications being developed in India, which are suitable for this market.
After tariffs war, GSM operators are now experimenting with the pricing of value-added services such as downloads of mobile games in 2007.
With an aim to increase its foothold in the ever growing DTH market, Tata Sky will invest Rs 2,000 crore (Rs 20 billion) in the coming years in its infrastructure and expects a seven-fold increase in its subscriber base at 8 million by 2012.
Essar Telecom Retail Ltd will be introducing a pan-Indian network of retail telecom outlets called TheMobileStore, which will offer state-of-the-art technology in telecom solutions besides several value-added services.
State-owned power company PowerGrid Corporation Limited has been awarded the national long distance (NLD) license by the department of telecom for its proposed foray into the telecom business.\n\n
To provide Internet access to travellers, Videsh Sanchar Nigam Ltd said on Wednesday it would set up cyber cafes at 68 major railway stations across the country.
OnMobile Global surged 13% on the bourses after getting listed at Rs 440.
With CAS just round the corner, the cable operators are gearing up to offer value added services. One big initiative that seems to be on the move is the attempt to offer Internet and IPTV.
The service is aimed at communicating with ease and on time. With 'Talking SMS' a subscriber could talk and send SMS, giving a 'personal touch and feel' to the communication, an Aircel release said.
Telecom regulator TRAI has raised the need to look at the option of auctioning, as followed in Europe, to price the 3G spectrum -- a move that has been opposed by the operators as it could cost a mind-boggling Rs 10,000 crore.
The country's largest software exporter Tata Consultancy Services Ltd will not merge its subsidiary CMC Ltd. with itself, chief executive officer and managing director S. Ramadorai said Wednesday.\n\n\n\n
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