Reliance Communications achieved the “industry’s highest new wireless customer additions in April, 2011”
Anil Ambani’s Reliance Communications (RCom), which offers GSM and CDMA mobile services, said it added 2.94 million new mobile users in April.
A company statement said Reliance Communications achieved the “industry’s highest new wireless customer additions in April, 2011”.
India has already surpassed US as the second largest wireless market, while China is the number one wireless market.
As per TRAI data, mobile phone operators added over 20 million new subscribers in March, taking the total number of wireless users in the country to 811.59 million from 791.38 million in February.
Net additions of new subscribers by telecom service providers in March stood at 20.07 million, compared to 20.12 in February. Reliance Communications added 3.54 million new users in March.
RCom has already got GSM spectrum for 14 circles under the dual technology policy of the government. RCom, which has a nationwide presence in the CDMA telecom segment, offers GSM mobile phone services in eight circles of West Bengal, Kolkata, North-East, Assam, Bihar, Orissa, Madhya Pradesh and Himachal Pradesh.
On Tuesday, RCom ended 0.92% up at Rs82.70 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.10% to 18,011.97.
This patent grant will be in force till 2025 in the member countries of EPO which will reinforce the market position of Venus Remedies in Germany, UK, France, Spain, Sweden, Italy and Switzerland
Venus Remedies has been granted patent by European Patent Office (EPO) for its research drug ACHNIL, a once-a-day painkiller injection. This patent grant will be in force till 2025 in the member countries of EPO which will further reinforce the market position of Venus Remedies in the major economies such as Germany, UK, France, Spain, Sweden, Italy and Switzerland.
Dr Manu Chaudhary, joint managing director of the company said, “This novel formulation based on NDDS (Novel Drug Delivery System) technology is going to fill the gap of long standing demand for better pain management therapy. Especially for aged population, it is not only going to reduce the number of pricks but will also drastically reduce the side effects associated with the use of NSAIDs.”
Talking about the benefits of the drug Dr Chaudhary added, “ACHNIL starts its action instantly by giving immediate relief from acute pain and is effective for the next 24 hours as against the conventional daily dose of three injections of diclofenac given every eight hours.”
The global market for pain management is forecast to reach US$60 billion by the year 2015. Currently, more than 1.5 billion people worldwide suffer from chronic pain of varying degrees. Among all types of chronic pains, neuropathic pain stands as the highly underserved market.
On Tuesday, Venus Remedies ended 7.2% up at Rs210.75 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.10% to 18,011.97.
“We are targeting a credit growth of 22.5%, while deposit growth of 20% in the current financial year,” Central Bank of India, CMD, S Sridhar said
Central Bank of India said it is expecting a credit growth of 22.5% and net interest margin (NIM) of 3.5% during the current fiscal.
“We are targeting a credit growth of 22.5%, while deposit growth of 20% in the current financial year,” Central Bank of India chairman and managing director S Sridhar said.
The loan growth stood at 22.67%, while deposits grew by 10.64% in the last fiscal.
The bank is aiming to have NIM of 3.25 to 3.5% in 2011-12, he said.
NIM of the bank increased to 3.31% in 2010-11 as against 1.86 in the previous fiscal.
Sridhar said, the bank is also planning to open offices in Hong Kong and Nairobi, the capital of Kenya.
Besides, the bank plans to set up a joint venture in Mozambique.
“We are looking to set up branches in Hong Kong for which we have got approval from the Reserve Bank,” he said.
Meanwhile, the bank signed an agreement with National Skill Development Corporation (NSDC) to finance vocational education.
As per the agreement, the bank will provide finance up to Rs1.5 lakh for youth pursuing skill development with partner training institutes of NSDC.
On Tuesday, Central Bank ended 0.77% down at Rs115.85 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.10% to 18,011.97.