Tata Communications and Videotron sign strategic sourcing agreement

Tata Communications, a global communications service provider and Videotron, one of Canada's largest integrated communications companies, have signed a mutually beneficial sourcing agreement. Under this agreement, Videotron will route 100% of its international voice traffic through Tata Communications network and Videotron will continue to be one of Tata Communications' key suppliers of telecommunication services in Canada.

Through the agreement, Tata Communications will become Videotron's sole provider of international voice termination. By tapping into Tata Communications' extensive and robust voice infrastructure, Videotron will be able to offer its customers higher quality international calls at competitive rates. Tata Communications' advanced voice traffic management tools will also allow Videotron to effectively manage operational costs and increase focus on its core businesses and key growth areas.

Tata Communications' strategic voice traffic outsourcing enables providers to leverage Tata Communications' scale and routing expertise while reducing their exposure in the low-margin, high-risk international voice termination business.

On Tuesday, Tata Communications ended 0.12% up at Rs250.10 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.

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RPG Life Sciences Q3 net profit rises to Rs81 lakh

RPG Life Sciences Ltd, an RPG group company, said its net profit for December 2010 stood at Rs81 lakh compared to Rs51 lakh in the corresponding quarter last year.

The company's total revenues during the December 2010 quarter increased to Rs43.59 crore from Rs35.78 crore.

On Tuesday, RPG Life Sciences ended 4.77% down at Rs77.80 on the Bombay Stock Exchange, while the benchmark Sensex closed 1.11% up at 19,092.05 points.

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GAIL Q3 net up 12.52% at Rs967.63 crore

GAIL (India) Ltd said its net profit for the December 2010 quarter rose 12.52% to Rs967.63 crore compared to Rs859.95 crore in the corresponding quarter last year.

During the December 2010 quarter, total income increased to Rs8,574.21 crore from Rs6,355.52 crore, the company said in a filing to the Bombay Stock Exchange (BSE).

On Tuesday, GAIL ended 0.90% down at Rs478 on the BSE, while the benchmark Sensex closed 1.11% up at 19,092.05 points.

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