RCom partners with Universal Music for 3G launch

Telecom operator Reliance Communications Ltd (RCom) said it partnered with Universal Music to offer music-related services and content across its GSM, CDMA, 3G Mobile and Wireless Broadband platforms including Voice, WAP, Web, IVR, blog and through on-ground events.

RCOM has got the license to offer 3G services in 13 key circles including Mumbai, Delhi and Kolkata, it said in a release.

On Wednesday, RCom shares ended 1.3% higher to Rs176 on the Bombay Stock Exchange, while the Sensex closed 0.6% up at 18,217 points.

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Nakoda Q2 net profit rises 39% to Rs7.8 crore

Fully drawn yarn manufacturer Nakoda Ltd said its second quarter net profit increased 39% to Rs7.8 crore as against Rs5.6 crore in the corresponding period last fiscal. During the June 2010 quarter, the company's total revenues rose 23% to Rs309 crore, from Rs251 crore, same period last year.

On Wednesday, Nakoda shares declined 0.2% to Rs14 on the Bombay Stock Exchange, while the Sensex closed 0.6% higher at 18,217 points.

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Welspun India Q1 net profit tumbles to Rs15.6 crore

Welspun India Ltd said its net profit declined more than two fold to Rs15.6 crore in the April-June 2010 quarter from Rs33.3 crore in the same quarter last year.

Its total revenues increased to Rs461.3 crore in the June 2010 quarter from Rs417.8 crore in the corresponding quarter last year.

On Wednesday, Welspun India shares ended 0.3% down to Rs247 on the Bombay Stock Exchange, while the Sensex closed 0.6% higher at 18,217 points.

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