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Nokia aims to achieve revenue target of USD 150 mn

Mumbai, Mar 12 (UNI) World leader in mobile communications, Nokia today announced it was progressing ahead on its fourth year committment of reaching a target revenue of USD 150 million.

Nokia India Vice President and Managing Director D Shivakumar said ''Nokia has played a pioneering role in driving the adoption of cellular technology in India. Over the years, we have consolidated our presence and our success today is a demonstration of our long-term commitment to India. Nokia has also taken a number of Community Involvement initiatives at the grass root level looking into the country's heterogeneous community and societal landscape.

These include the Chennai Factory Fence Line School Improvement Plans where it is working with students in and around Sriperumbudur to impart IT education programs and life skills.'' ''India is currently the third largest market for Nokia in terms of volumes and is expected to emerge as the second largest market by 2010 or even sooner. Nokia is the first equipment vendor to begin commercial production of both devices and network equipment at its 15th global manufacturing facility in Sriperumbudur, Chennai,'' he added.

UNI

VIIT, Intelm Yes Bank to present 7th annual Baramati Initiative

Mumbai, Mar 12 (UNI) Vidya Pratishthan's Institute of Technology (VIIT) along with Intel Technology and YES Bank will present the Seventh Annual Baramati Initiative on ICT and Development in Baramati. The two-day conference is scheduled to commence from March 16 is likely to be inaugurated by Union Minister of State for Science&Technology, Kapil Sibal, a release here today said. Significant among those who also likely to attend the event include Ministers from Maharashtra government - Vimal Mundada (Health) and Dilip Walse.....

Pound and Euro rises; USD and Yen flat

Mumbai, Mar 12 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US dollar 42.10 46.15 Sterling pound 81.70 88.95 Euro 55.05 60.30 Australian dollar 33.30 35.70 Bahrain dinar 110.70 123.10 Canadian dollar 35.40 38.95 Danish kroner 7.20 8.15 Egyptian pound 5.95 8.25 Hongkong dollar 5.25 6.10 Japanese yen/100 35.35 38.30 Jordan dinar 56.10 63.70 Kuwait dinar 139.80 158.80 Malaysian.....

Reliance, Bharti, MTNL apply for telecom service licence in S Arabia

Mumbai, Mar 12 (UNI) The Communications and Information Technology Commission (CITC) the telecommunications regulator in Saudi Arabia has received an overwhelming response from European, Asian and Gulf telecom service providers for its Request for Applications (RFA) to award a second fixed-line license and a third mobile license. In response to the RFA published by CITC in October last year, CITC received ten applications for fixed-line services license on March 10. Last month it received nine applications for mobile services license......
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