India's largest telecom major, Bharti Airtel has set a target of $10-bn revenue by next year. The view was asserted by chairman and managing director, Bharti Enterprises, Sunil Bharti Mittal in the sidelines of a function, organized to launch new brand identity and logo of Bharti group. 

The announcement of the closure of

Now, BSNL customers can avail lower ISD call rates for the South Asian Association of Regional Cooperation (Saarc) countries. The state-run telecom company slashed call rates by 15-35 percent on Sunday. The decision would cover landline as well as mobile customers.

The call rates for Pakistan, Bangladesh, the Maldives and Bhutan would be Rs.9 per minute instead of the existing Rs.10 under post-paid plan of Rs 725.

Call charges for BSNL fixed line users would now be Rs.9.60 per minute for a 7.5 second pulse.

Garware Offshore Services Limited, a leading offshore vessel owner cum operator, has signed an agreement for the acquisition of a Havyard 832 L SE Multipurpose Platform Supply Vessel (MPSV) at approximate cost of USD 55 million.

The new MPSV, which is scheduled to be delivered in the third quarter of FY 2011, is a state of the art vessel.

Adlabs Films, a member of the Reliance Anil Dhirubhai Ambani Group and the leading entertainment conglomerate in the country, has notified that the board of directors of the company has approved a scheme of arrangement envisaging demerger of its radio business into Reliance Unicom Ltd.

Chennai based Midvalley Entertainment, has filed a draft red herring prospectus (DRHP) with SEBI, to enter into the capital market with a public issue of 1.71 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process.

The issue also comprises a reservation of 3 lakh equity shares for permanent employees, thus bringing the net issue to 1.68 crore equity shares of Rs 10 each. The net issue will constitute 39.30% of the fully diluted post issue paid-up capital of the company.