According to an Ovum report entitled “Market Share: 2Q08 Asia-Pacific ON”, ZTE Corporation (“ZTE”), a global provider of telecommunications equipment and network solutions, has recorded another sterling industry sales growth in the segment of Optical Networking (ON) during the second quarter.

The report shows that ZTE has the highest ON annual sales growth in Asia Pacific, with an 8% market share, the 4th highest in the region.

Wipro has posted a 18.76 per cent rise in the net profit at Rs 978.20 crore for the second quarter ended September 30, 2008, as compared to Rs 898.30 crore in the same period of previous year.

The company’s net sales increased to Rs 6519.60 crore for the quarter ended September 30, 2008, compared to Rs 5981.10 crore in the April-June quarter.

As always Reliance has made its mark. A record breaking 5,00,000 subscribers were roped in by Big TV DTH, a part of Reliance Communication in the first two months of its launch.

UK-based Creativity Software has informed that it has signed a partnership deal with Universal Software Corporation to supply the market in India with its location based solutions.

Actis Technologies Pvt. Ltd has informed that the company has entered into partnership deal with NEC India Pvt. Ltd, for world class industrial LCD monitors.