Bharti clarifies 15% stake for Saudi mobile licence

Saturday, March 17, 2007, 10:47 [IST]

New Delhi, Feb 27 (UNI) Bharti Airtel today said it is supporting the Saudi led consortium with a minority stake of 15 per cent for the Saudi Arabia's third mobile licence.

Bharti had formed consortium with local partner 'Samawat' for the bid of GSM licence.

Denying certain section of reports, the company today said its principal role will be to provide comprehensive management services including negotiation with vendors, roll out of networks, brand building and distribution, setting up management processes and providing training and development.

Bharti Airtel in return will get a management fee in addition to reimbursement of all actual costs, a company statement issued here said.

UNI

Topics: TELECOM-BHARTI-SAUDI LICENCE

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Smiths Aerospace opens development centre in TN

Saturday, March 17, 2007,10:47 [IST]

Chennai, Feb 27 (UNI) Smiths Aerospace, part of the global technology business major Smiths Group, today opened its dedicated development centre in the city in partnership with HCL Technologies. The development centre followed an agreement signed between the two companies under which HCL would provide resources and management at the Centre with 60 professionals for engineering services. The headcount would be trebled to about 180 in 18 months time, Mr Ramesh Pillai, Head, Aerospace and Automotive Practices, HCL America, told reporters......

Actor-director Revathy is Chinni's pickle brand ambassador

Saturday, March 17, 2007,10:47 [IST]

Chennai, Feb 27 (UNI) Noted actor-director Revathy will be the brand ambassador for 'Chinni's pickle,' a product of CavinKare's food division. ''This is the first time I am endorsing a brand. I agreed to do it as I am a food lover. I have also directed five TV commercials for the product,'' she told a press conference here today. CavinKare Vice-President (Marketing) Ramesh Viswanathan said Chinni's pickle had seen a 50 per cent growth in its sales on the back.....

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Moser Baer enters into stategic tie-up with Pyramid Saimira

Saturday, March 17, 2007,10:47 [IST]

Chennai, Feb 27 (UNI) World's second largest optical storage manufacturer Moser Baer today entered into a strategic tie-up with Pyramid Saimira Theatre, country's leading theater chain, for retailing home video in all their theatres. According to the Memorandum of Understanding (MoU), Moser Baer would market all Pyramid new films under home video format in a short period from the date of release of the film. Talking to mediapersons here, Moser Baer CEO G Dhananjayan said "this would mark the extension of.....

Battery operated scooters rolled out

Saturday, March 17, 2007,10:47 [IST]

Chennai, Feb 27 (UNI) The city-based Kabirdas Motor Company launched four models of environmental friendly zero emission non-polluting scooters here last night. XITE-K101 LA, XITE-K100 LA, XITE K15 SI and Arrow, a series of vehicles, would operate on battery-generated energy. Talking to newspersons, Director Murali Kabirdass said the XITE series would cater to the needs of those concerned about environmental pollution". The XITE's three variants and Arrow were manufactured with state-of-the-art technology. The XITE-K101 is of 250 Watts and weighs 120.....

Non-toxic mosquito repellent spray launched

Saturday, March 17, 2007,10:47 [IST]

Chennai, Feb 27 (UNI) Leading agro-chemical manufacturing and marketing company Ramcides Chemicals launched 'Stop', a toxic compound-free mosquito repellent spray. Talking to newspersons, Managing Director R Padmanabhan said 'Stop' was a unique and effective 'Aerosol Spray', used exclusively by Indian Army utill recently. "Ramicides takes pride in introducing it for the first time in the country, without any toxic compound in a healthy way", he claimed. "Stop, unlike other mosquito repellent sprays, does not contain any harmful pesticides", he said adding.....