Allied Digital Services Limited, systems integrator and an IT Infrastructure Management Services Provider company, has declared their consolidated unaudited quarter results with total revenue of Rs. 148.88 crores for the three month period ended September 30th, 2008, an increase of 110% as compared to total income of Rs 70.81 crores for the quarter ended September 07.

The Profit after Tax (PAT) for the period under review stood at was Rs. 24.05 crores as against a PAT of Rs. 10.18 Crores for the quarter ended September 2007, an increase of 136%

ZTE Corporation, a leading worldwide provider of telecommunications equipment and network solutions, announced that it has pocketed an exclusive contract from Chinguitel, a telecom carrier under Expresso Telecom Group (ETG) to assist Mauritania build its first 2.5GHz Mobile WiMAX commercial network.

Under the deal, ZTE will be offering up core network equipment, wireless access devices, plus various communication terminals for indoor and outdoor use.

State Bank of India (SBI), India's largest commercial bank has signed a Joint Venture pact with Macquarie Group and International Finance Corporation (IFC).

Under the arrangement, both foreign partners will help the lender in the set up and management of an Infrastructure Private Equity Fund for investing in Indian Infrastructure projects and Companies. 

However, the fund will be operational on receipt of requisite regulatory approvals. The JV agreement is based on the earlier MOU signed on April 16, 2008.