RCom partners with Nokia for multi-faceted business alliance

Telecom operator Reliance Communications (RCom) said it has joined hands with Nokia India Ltd for a multi-faceted business alliance. No financials were provided.

The alliance will make Nokia's Ovi Life Tools services available to rural and semi-urban segments for RCom customers. It will also add Ovi Music Unlimited (OMU) device. OMU helps customers to download millions of tracks for free, direct to their mobile phone or to their computer from the Ovi Music Store for 12 months.

As part of this alliance, RCom is also offering mobile data bundle of 1.2GB on Nokia GPRS enabled handsets. In addition, RCom is offering upto 1,800 free on-net minutes bundled with Nokia 1800. These free voice minutes and mobile data bundles has a validity of six months.

On Friday, RCom shares declined 0.5% to Rs162 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.3% down at 18,401 points.


Sun Pharma gets FDA nod for anti-depressant tablets

Sun Pharmaceuticals Ltd said it received an approval from the US Food and Drug Administration (USFDA) to market generic version of anti-depressant Venlafaxine hydrochloride extended release tablets.

"The company has received 180 days marketing exclusivity," Sun Pharma said in a statement, adding that the approval is for multiple doses of strengths of 37.5mg (base), 75mg (base) and 150mg (base).

Extended release tablets use a mechanism by which the tablets dissolve slowly and release a drug over time. They are taken less frequently and keep steadier levels of drug in the blood stream.

On Friday, Sun Pharma shares ended 0.2% down at Rs1,784 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.3% down at 18,401 points.


Railways suffer loss of Rs1,000 crore due to Maoist attacks

New Delhi: Maoist attacks have led to 217 disruptions in the movement of trains as a result of which the Railways have suffered a loss of Rs1,000 crore, reports PTI quoting railway minister Mamata Banerjee.

Describing the matter as "sensitive", she said this has also led to 416 cancellation (of trains) while 70 mail trains have been affected due to 75 bandhs called by Maoists.

"I appeal to them that this should not happen," Banerjee said during the Question Hour in the Rajya Sabha.

She, however, refused to get provoked when opposition members asked whether those responsible for Jnaneshwari Express accident were present in her Lalgarh rally.

When Balbir Punj (BJP) wanted to know whether the Jnaneshwari Express accident was a case of sabotage, Ms Banerjee said, "Let me deal with the issue impartially and not politically. Prima facie the mishap looks like a case of sabotage... Bomb blast. The CBI is probing the matter."

Ganga Charan (BSP) wondered as to why trains were increasingly being attacked by Maoists, "when she holds a soft corner for them".

Without getting provoked, she said during 2009-10, a total of 100 consequential train accidents took place, 64 persons died and railway property worth Rs54 crore was lost. Seven of these mishaps were caused by bomb blasts.

"Policing on railways is a state matter and prevention of crime, registration of cases, their investigation and maintenance of law and order is the statutory responsibility of the state police, which they discharge through Government Railway Police (GRP) of the state concerned," she said.

To a supplementary as to whether senior railway officials have been suspended after rail accidents, she said many Divisional Railway Managers (DRMs) have been either suspended or transferred in the past.

"Whenever there is an offence and somebody is found guilty, action is taken. We have a system of internal inquiry in such matters. However, we need to be more stringent," she said.

Listing measures to prevent sabotage of trains, she said trains are escorted by RPF and GRP personnel at vulnerable sections.

An integrated security system has been approved to strengthen surveillance mechanism at 202 vulnerable stations, while Railway Board is maintaining close coordination with the home ministry, she added.


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