Zee Tele gets approval for sports channel
Mumbai: Zee Telefilms Ltd (ZTL) has received necessary regulatory approvals to launch a sports channel, Subhash Chandra, Chairman and Managing Director, has said.

"We have received uplinking approvals. The test signals should be available in a day or two," Chandra told shareholders of ZTL at the annual general meeting on Tuesday. The company had earlier said that its sports channel, Zee Sports, would go on air from October 2.

He declined from specifying what ZTL's contingent plans would be if the company does not bag the telecast rights of cricket matches to be played in India over the next four years.

According to Chandra, during the current fiscal, ZTL's focus would rest on growing its subscription base. Chandra said. "Zee is well placed to take advantage of the potential growth in DTH," he said. Zee's DTH operations under the brand name Dish TV is available in 1.50 lakh homes.

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BPL dispute will be resolved amicably
Bangalore: Rajeev Chadrasekhar, Chairman & CEO, BPL Mobile Group, said his dispute with the patriarch of BPL family, T.P.G. Nambiar, would be "amicably resolved" shortly.

The BPL patriarch took his son-in-law, Chandrasekhar, to the Company Law Board for alleged mismanagement of the mobile company and discrepancies in its shareholding pattern. The CLB had ordered maintaining status quo in shareholding pattern after the petition moved by Nambiar.
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BHEL net profit up 48 percent at Rs.658 crore
New Delhi: Bharat Heavy Electricals Ltd (BHEL), the public sector engineering and power equipment major, has completed yet another successful year with its net profit soaring by over 48 per cent to Rs.658 crore on an all-time high turnover of Rs.8,662 crore.

For its shareholders, it has translated into an enhanced equity dividend of 60 per cent, the highest proposed so far by the navratna public sector undertaking.

BHEL has recorded a quantum surge in economic value addition (EVA), which catapulted to Rs.366 crore in fiscal 2003-04, underlining BHEL's track record of being one of the top wealth creators in the country.

The company's profit before tax (PBT) vaulted past the Rs1,000-crore mark at Rs.1,015 crore and its earnings per share (EPS) also jumped by 48 per cent to Rs26.89. This apart, both its net worth at Rs5,278 crore and its net asset value (NAV) per share at Rs.215.6, also went up by over 12 per cent.
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Hyundai’s Getz sales off to a roaring start
Coimbatore: The response to Hyundai's new hatchback ‘Getz' has exceeded the expectations of the company and it hopes that the new model would clock annual sales of 18,000 units compared with 12,000 units expected initially.

The company said that while it was earlier looking at a monthly average sale of 1,000-1,100 units, the current demand is running at about twice that number.
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Bharti’s cordless phone at 2.4 Ghz
New Delhi: Bharti Teletech has rolled out the country's first cordless phone range that works on 2.4Ghz radio frequency. The new phones will provide enhanced clarity and three time better range than the traditional cordless phones.

It also prevents interference with other cordless telephones and electronic equipment - a problem common in the traditional cordless phones.

The company is looking at increasing its share in the coreless telephone market from 40 per cent to 50 per cent with sales of one million 2.4 Ghz phones over the next two years.

The move comes after the Department of Telecom de-licensed the indoor use of low power equipment at 2.4 GHz radio frequency. The range includes 3 models each of the Beetel and the GE brand.

Bharti Teletech has a strategic alliance with Atlinks (a Thomson subsidiary) to manufacture fixed line phones for global exports and exclusively distribute the GE range of fixed line phones in India.
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Finacle outperforms industry standards
Bangalore: Infosys Technologies Ltd has said that its universal core banking solution, Finacle, has achieved the highest scalability, that is, transactions throughput per second (TPS) of 11,180 in online mode and 19,568 TPS for batch mode.

With this, Finacle has bettered its own previous record of 7,357 TPS for online transactions and outperformed the industry's standards. Ernst & Young has reviewed the new benchmark test.

Finacle achieved the feat on HP Superdome servers powered by Intel's Itanuim 2 processors running Oracle 9.i.
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Enfield launches Bullet Electra in the UK
Chennai: Royal Enfield has launched a new international model, the Bullet Electra 500, in the UK.

According to a press release from the company, this latest model is equipped with a 500-CC lean burn engine and a 5-speed gearbox.

The UK is Royal Enfield's largest export market, where it is positioned as a classic bike. The new model will help consolidate Royal Enfield's position among the top 10 selling brands in the 125 cc - 500 cc segment in the UK, the release said.

Royal Enfield's other models exported to the UK include Bullet Sixty 5, Bullet Euro Classic, Bullet Deluxe and the Bullet Army. Its motorcycles are exported to over 25 countries including the US, Europe, Japan, Australia and New Zealand.
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