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British Telecom receives ILD, NLD licenses

New Delhi, Feb 21 (UNI) British Telecom (BT) today announced it has been granted international long distance (ILD) and national long distance (NLD) licenses by the Department of Telecommunications.

These licenses enable its newly-formed joint venture company, BT Telecom India Pvt Ltd, to offer services for the first time directly to multisite corporate customers in the domestic market.

Minister of Communication and IT Dayanidhi Maran said, ''To further promote investment into India and enhance business opportunities for Indian companies operating overseas, India must have the best and latest infrastructure.'' These licenses will allow BT to bring its 21 CN services to India's IT and ITeS sector and increasing their competitiveness through connectivity, availability, quality and responsiveness on a global scale, he added.

BT plans to provide corporate customers who have sites in India with virtual private network-based (VPN) services using technologies such as internet protocol-based multi-protocol label switching (MPLS) and ATM.

''This is fantastic news, allowing BT to establish and manage our own operations in India. Its also great news for our multinational customers doing business in India and our Indian customers wanting to access a BT-managed network which is connected to BT's comprehensive global network across Asia Pacific, Europe and North America,'' BT Chief Executive Officer (Global Services) Andy Green said.

The company announced growth plans for its Indian operations in September 2006, predicting that its revenues from India will be 250 million dollars by 2009 and that it is looking to increase its employee strength in the country by hiring an additional 6,000 people within the next two years.

This month, it signed an agreement for the acquisition of i2i Enterprise Pvt Ltd, a Mumbai-based enterprise services company specialising in internet protocol (IP) communications services for major Indian and global multinational companies.

BT also plans to add additional resources to support its already substantial capabilities in outsourcing and systems integration services.

UNI

Oxyrich gets Indian Patent and ISO 22000 certificate

Ahmedabad, Feb 22 (UNI) The Manikchand Group today announced that it had given a process patent and ISO 22000 certificate for their 'oxygenation process for Oxyrich', the only oxygenated bottled drinking water in the country. Addressing reporters, Chief Executive Officer of Manikchand Group Ajit Jain said that this is the only product in the packaged bottled drinking water segment to receive the ISO 22000:2005 certification to its Pune plant, which is the world's most stringent standard for the food safety.....

Metal up on fresh demand

Mumbai, Feb 22 (UNI) Metals went up today due to increase of fresh demand, traders at the Bombay Metal Exchange said today. In the ferrous category, copper heavy and brass cutting increased by Rs 900 and Rs 500, respectively, on higher advice. Copper utencils and brass utencils also hiked by Rs 200 each on reduced stock supply. In the non-ferrous category copper wire bar shot up by Rs 500 per quintal while zinc slab and lead ingot also rose by Rs.....

Sensex crashes by 167.18 pts

Mumbai, Feb 22 (UNI) Continuing with the downslide for the third consecutive day, the Sensex plunged by 167.18 points today on the Bombay Stock Exchange and closed in the red at 14,021.31 points on sustained heavy selling pressure by mutual funds and other operators. A sudden sell-off gripped the market in late trading on expiry of February 2007 derivative contracts. Much of the fall materialised in the last 50 minutes of trade. Cement, auto, banking shares and pharma pivotals weakened.....
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