Bharti Airtel inks 5-yr deal with Comviva

Airtel Africa has also outsourced its core customer service functions, including call centres and back office operations, to IBM, Tech Mahindra and Spanco

Telecommunications major Bharti Airtel has entered into a five-year deal with mobile software maker Comviva for providing value-added services across Airtel's operations in 16 African countries.

"By handing over the management of operations to Comviva, we can enhance efficiencies in our operations and bring a closer focus on marketing initiatives that will help drive usage and engagement levels across our customer base," the Airtel Africa CEO (International) and Joint Managing Director, Mr Manoj Kohli, said.

In addition to managing all the VAS nodes, Comviva will also manage the complexities associated with the emergence of multiple technologies, different standards, myriad applications and content, Bharti Airtel said in a statement.

The financial details of the deal were, however, not disclosed.

Commenting on the deal, the Comviva CEO, Mr Manoranjan Mohapatra, said: "This is a landmark deal for Comviva, as we will manage all VAS nodes across Airtel operations in 16 countries in Africa."

Meanwhile, Airtel Africa has also outsourced its core customer service functions, including call centres and back office operations, to IBM, Tech Mahindra and Spanco.

In September, 2010, the company also selected IBM to manage its IT systems to power the mobile communications network across the continent, the statement added.

On Wednesday, Bharti Airtel ended 0.14% down at Rs369 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.91%.

User

DLF Q4 net down 19% at Rs345 crore

DLF reported 19.19% fall in consolidated net profit to Rs344.54 crore for the last quarter of 2010-11

The country's largest realty firm DLF reported 19.19% fall in consolidated net profit to Rs344.54 crore for the last quarter of 2010-11.

The company had posted a net profit of Rs426.38 crore in the corresponding quarter last year, DLF said in a statement.

The consolidated sales during Q4, however, increased by 34.53% to Rs2,683.09 crore, from Rs1,994.37 crore in the year-ago period.

For the entire 2010-11, the consolidated net profit went down 4.66% to Rs1,639.61 crore, from Rs1,719.84 crore in 2009-10.

The consolidated sales in last fiscal rose by 28.80% to Rs9,560.57 crore, from Rs7,422.87 crore in 2009-10, the company said.

On Wednesday, DLF ended 4.04% down at Rs210.10 on the Bombay Stock Exchange, while the benchmark Sensex declined 0.91%.

User

Govt may give both BPL & APL families legal right to food

While the NAC had suggested giving a legal cover to both the priority and general categories, the Rangarajan Committee was not in favour of giving such a right to the ‘general’ population due to supply constraints

New Delhi: The government is likely to give a legal right to food to both priority and general categories of the population under the proposed National Food Security Act, as suggested by the Sonia Gandhi-led National Advisory Council (NAC).

There were differences between the NAC and the Rangarajan Committee on giving a legal right to food to general category, or above poverty line (APL) families, reports PTI.

While the NAC had suggested giving a legal cover to both the priority (below poverty line, or BPL) and general categories, the Rangarajan Committee was not in favour of giving such a right to the ‘general’ population due to supply constraints.

“There is no difference of opinion for priority category.

The differences are on general category. NAC is saying give legal entitlement, while the Rangarajan committee is saying no legal entitlement for the general category.

“Now the view of the UPA government is that everybody should be entitled,” food and consumer affairs minister KV Thomas told PTI in an interview.

Mr Thomas noted that the draft bill of the proposed Food Security Act is ready and is likely to be placed this week before the Empowered Group of Ministers (EGoM) for approval.

“The draft Bill is ready now. I don't say it is in line with NAC or not. But it is in line with what is in the mind of Madam Sonia Gandhi,” he said.

“The principle of Sonia Gandhi is that every citizen of the country should get legal cover toward a certain quantity of nutritious food, not simply foodgrains,” he shared.

Mr Thomas said the additional foodgrains requirement for broad coverage of the priority and general category could be met by enhancing procurement from the current level.

“The government is currently procuring about 30% of the total wheat and rice production. We can increase it to 35% to meet the demand under the proposed law,” he said.

The country is estimated to have harvested nearly 180 million tonnes of wheat and rice in 2010-11.

Asked if the ministry has decided on the quantity and price of foodgrains under the proposed law, Mr Thomas said: “The draft bill has a general framework. The nitty gritty would come under rules.”

In 2009, the government had announced that it will come up with a food security legislation. Recently, prime minister Manmohan Singh had stated that the government intends to bring the proposed Bill in the coming session of Parliament.

Presently, the government provides 35 kg of foodgrains per month to 6.52 crore BPL families and at least 15 kg of foodgrains to 11.5 crore APL families.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)