• Reliance Mobile offers 100% savings to GSM customers with Sub-Rs. 300 ARPU
• Reliance Mobile GSM offers Free Local Talktime of Rs. 900 on any network
• Offers unlimited calling on Reliance Network between 11 pm to 6 am
• Reliance Mobile GSM SIM available at one-time charge of Rs. 25

Reliance Communications, India’s largest and only telecom service provider to offer nationwide GSM and CDMA services, today announced the launch of Reliance Mobile GSM Services in Mumbai. The launch of Reliance Mobile GSM Services in Mumbai comes within days of the company announcing the launch of its GSM Services across 11,000 towns in the country.

The company also launched a first-of-its-kind Customer Experience Programme for customers choosing Reliance Mobile GSM Services, a unique plan which offers upto 100% savings to sub-Rs. 300 ARPU mobile customers in the city of Mumbai at a one-time subscription charge (including GSM SIM) of Rs. 25 only.

 ”The Reliance Mobile GSM entails offering a unique value proposition fine-tuned as per the needs of every segment of the 250 Million GSM customers market in the country”, said Mr. Dinesh Gulati Regional Head – West, Reliance Communications.  ”The Customer Experience Programme, Reliance Mobile GSM’s first offering, is in line with Reliance Communications’ Philosophy of making world-class telephony services accessible and affordable to the masses”, he added.

The plan offers Rs. 900 minutes of talktime on local calls and SMS to any network that can be accrued by Reliance Mobile GSM customers in daily tranches of Rs. 10 spread over 90 days. In addition, customers choosing the C.E.P can make unlimited calls between 11pm to 6am to any of the 7 Million Reliance Phones in Mumbai, Maharashtra and Goa – translating into 37,800 free on-Net call minutes. Customers can also use a variety of Top-Up cards to make calls and SMS’s over and above the free talktime.

“In a short span of 11 months, Reliance Mobile has created a GSM network in Mumbai whose coverage and capabilities are superior to GSM networks that have been in existence for 15 years”, he said . “Over 16 Million GSM customers in Mumbai can now avail of state-of-the-art, next generation, EDGE ready Reliance Mobile GSM Network – the only network that offers Digital Voice clarity and upto 100% cost savings for the cost-conscious mobile user segment”, he added.  

The sub-Rs. 300 ARPU segment comprises of the largest and fastest growing population of mobile customers in the country. In the coming weeks, Reliance Mobile GSM aims at launching a number of pre-paid and post-paid plans offering maximum value suited for various other customer segments of the GSM market.

In what is undisputedly the fastest rollout of a mobile network in the world, Reliance Communications has set up network to provide high quality, Congestion-free and Zero-Call drop GSM services. To enhance the quality of services in high population density areas of Mumbai, the company has installed several in-building solutions. Reliance Mobile GSM Services offering the complete suite of Voice, SMS, Value-added and GPRS services are available across  15000  retail outlets across Mumbai along with more than 100 plus Reliance Stores

Reliance Mobile GSM’s Customer Experience Programme – Key Features:

1. Plan open for Entire population of Mumbai – No Conditions
2. FREE Rs. 900 Talktime – No Conditions : Join us and get Rs.10 Talktime free every day for next  90 days
3. Rs.900 Talktime applicable for all local phones in Mumbai , Maharastra & Goa
4. 90% of existing  prepaid subs spend less than Rs.300 /month – Rs.300 / month saving for a customer
5. FREE Night Calling – No Conditions: Call for FREE any Reliance GSM +CDMA mobile during night (11 PM to 6 AM). Reach 70 lakh Reliance Mobile in Mumbai , Maharastra & Goa
6. 37,800 Free minutes per customer
7. India’s first nationwide EDGE enabled roll out for rich customer experience
8. All cell sites Edge enabled  for faster Internet experience
9. Network to provide high quality, Congestion-free and Zero-Call drop GSM services

Hyderabad, Jan 02, 2009: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced the appointment of Mr. Umang Vohra as the new CFO of the company. Umang was the Deputy CFO and his elevation has been part of the company’s leadership development and transition programme. He joined Dr. Reddy’s in 2002 from PepsiCo and has been part of several of the company’s key initiatives like Acquisitions, R&D, de-risking transactions, and operational improvements in Accounting, Governance and Finance processes.

Mr. Saumen Chakraborty, who was the CFO of the company for the past 2 ½ years has taken over a newly created role of President – Corporate and Global Generics Operations. He will now lead the product development, manufacturing and supply chain operations of the generics business, along with corporate functions like Quality, Regulatory, Corporate Medical Services and Pharmacovigilance.

Markets in 2008 & The Year Ahead !
“The year 2008 was terrifically challenging for our markets, and events dampened investor confidence when portfolio values diminished with the capitulation of prices. Therefore, we will greet 2009 with considerable scepticism. However, this is not the only time that intrinsic value, which emerged after the market carnage, has been tested. Clearly, this value will impede any further declines due to slow growth in corporate earnings. A review of the 2001 era as well as other global recessionary phases confirms that bottoms were considered when “gloom and doom” ran rampant, but these phases were succeeded by bull runs. The current sentiments and valuations are similar to those from 2001 yet that year was followed by the largest bull market, which produced a sevenfold increase in the Sensex. History demonstrates that recessions ultimately yield to resurgence, but this reality is always doubted in troubled times. For growing economies—particularly India’s—the writing is on the wall: growth will return. By lowering the interest rates and providing fiscal stimulus, the RBI and the government have set the wheels in motion, which should revive demand and consumer spending in our under-penetrated markets. Soon, corporations will regain their velocity as profitability returns. They will resume investing and generating new employment, thus creating demand for their products. The coming year will allow us to re-live our experiences in wealth creation and multiply our returns on the bourses; it represents an opportunity waiting to be seized. Hence, rejoice; happy days are around the corner.“

Hyderabad, India, December 28, 2008: Country’s fourth largest software exporter Satyam Computer Services Ltd. (NYSE:SAY) announced that the next meeting of its Board of Directors has been rescheduled to January 10, 2009 in order to allow the board to consider additional options.

“Satyam’s Board of Directors recognizes the serious nature of certain questions raised by the events of the last two weeks,” said B. Ramalinga Raju, Chairman and Founder of Satyam.  “In order to ensure that these questions are properly addressed, and that the interests of stakeholders are fully and carefully considered, Satyam has decided to broaden the scope of its deliberations beyond a possible buy-back of its stock.”

As per the Satyam’s official statement, additional possible actions includes:  

Measures to strengthen Satyam’s governance structure, including increasing the size and altering the composition of the board.

Conducting a review of the company’s strategic options to enhance shareholder value.  The company has engaged DSP Merrill Lynch to assist in this review.

Addressing issues arising from a possible dilution of the promoter’s stake in the company.

The board is expected to make recommendations on these matters at the January 10th meeting.

“Satyam takes the interests of its stakeholders very seriously, and we will take whatever steps are necessary to reinforce their trust and confidence in the company,” Mr. Raju added.

Hyderabad, December 27: In a dramatic development, Satyam Computer Services Ltd’s board meeting has been postponed. The company even though not notified officially to stock exchanges, the news was spread across the media on Saturday evening.

    Company sources indicated that independent director preferred to attend meeting personally, which led to the postponement.

     Satyam’s board is scheduled meet on Monday to seek approval for a buyback of its shares. The buyback proposal came after the company has aborted its plans to acquire Maytas Infra and Maytas properties, which are belongs Satyam’s Chairman Raju’s two sons.

     The fresh date was not yet announced, but the sources close to the developments indicated that it would be around January second week.

Hyderabad: Directors Board of India’s fourth largest software exporter Satyam Computer Services Ltd  is scheduled to meet on Monday, December 29, 2008, to discuss proposed shares buyback issue.

Apart from buyback, many issues like corporate governance, world bank statement banning Satyam for 8 years and independent directors role also likely to come in to the boards discussion.

Meanwhile, a group of investor are reportedly not happy with the buy back offer, which may give scope to go for merely 10% share buyback. They are looking for special dividend.

On last Monday, nearly 25 high profile investors in Satyam are reportedly met in Mumbai to form a body, in order to make a formal representation to the company’s management on recent happenings.

   Prominent fund houses such as Reliance Mutual Fund, Templeton Mutual Fund, SBI Mutual Fund and Birla Aberdeen are some of them.

Institutional investors are concerned over the cash reserves of Satyam, which are nearly 6000 crore rupees.

Monday board meeting give some answers to all the questions raised by the investors after the Satyam-Maytas deal.

Hyderabad, India, December 25, 2008: After facing brick bats for 10 days, Satyam Computer Services Ltd finally came out with its own defense. On Thursday, the company has vigorously objected the statements made by World Bank representatives reported recently in the press.  Satyam formally requested today that the World Bank immediately withdraw those statements, that it issue a new statement apologizing to Satyam for the harm done to the company due to the Bank’s actions, and that it provide Satyam with a full explanation of the circumstances related to the Bank’s inappropriate statements. 

The statement further said, Satyam has further advised the Bank that Satyam would evaluate all possible options in view of both the Bank’s inappropriate public statements and its response to Satyam’s requests.

“Satyam usually does not comment publicly on matters involving our customer relationships. However, the inaccuracy and inappropriateness of the World Bank’s public statements regarding Satyam has forced us to issue this brief statement in order to set the record straight.” the company said.

 announces settlement of Clarinex® (Desloratadine) ANDA patent litigation with Schering Corporation and Sepracor Inc.

Hyderabad, India, December 23, 2008 – Dr. Reddy’s Laboratories today announced that it has entered into  agreements with Schering and Sepracor which will allow Dr. Reddy’s to manufacture and market  generic versions of the CLARINEX-D®-12 Hour and CLARINEX-D®  -24 Hour products, with six months marketing exclusivity, and the CLARINEX® REDITABS® product, with six months marketing co-exclusivity, starting in 2012.  Dr.  Reddy’s will also market a generic version of the CLARINEX® 5 milligram tablet six months after the launch of the first generic version of that product.

The agreements resolve all pending patent infringement actions filed by Schering and Sepracor against Dr. Reddy’s in the U.S. District Court for the District of New Jersey.

The agreements provide for potential modification of select terms based on certain events and developments.  The specific financial terms and conditions of the agreements have not been disclosed.  The agreements are subject to review by the United States Federal Trade Commission and Department of Justice.

CLARINEX®, a nonsedating antihistamine, offers relief from seasonal allergic rhinitis and perennial allergic rhinitis, as well as chronic idiopathic urticaria, or hives of unknown cause. CLARINEX-D® 24 Hour Extended Release Tablets is the only once-daily prescription antihistamine and decongestant combination treatment on the market to provide 24-hour relief of nasal and non-nasal allergy symptoms.  Total U.S. sales for all formulations of CLARINEX® products were $362 million in 2007.

Hyderabad, December 22nd , 2008 : Oridian, the leading brand of the Hyderabad-based Ybrant Digital Limited, the top-notch global ad network operating in the United States, the United Kingdom, Australia and 40 other countries, announced that India-based Integrid Media, an organization serving as a one-stop shop for integrated media solutions, will be its exclusive seller of web advertising properties for that country. Ybrant’s other brands include AdDynamix, MediosOne, VoloMP, AMS and WordCents.

In March 2007, Ybrant’s MediosOne, the global search-based internet advertising network provider entered a joint venture with Integrid, to develop into the Indian market. The partnership has been very successful and has evolved to be one of the key networks in the market.

Oridian Online Media Solutions is a leading international advertising network with local sales houses and site-specific representation. The company enables premium websites to monetize their international traffic in more than 40 countries while offering advertisers and agencies dedicated and optimized campaign management. Oridian earned IASH accreditation after passing their first audit in July this year, and is a full member of the Internet Advertising Sales Houses (IASH); while Integrid Media is comprised of veteran media professionals with extensive experience and a broad network of contacts within agencies and clients. This experience in media placement, as well as Integrid’s strong influence within the Indian market, makes this cooperation an ideal match for both parties.

“With most of the online advertisers on the MediosOne network, our earlier partnership with Integrid has been truly fruitful. I am sure Oridian joining hands with Integrid will further strengthen the relationship and take it to the next level. We are excited to be cementing our relationship with this company of great caliber,” said Gal Ekstein, General Manager of Oridian Global. “We have been working as a team with Integrid Media for a year now, and this exclusive agreement will go far in strengthening our presence in India.”

“We are continually looking for ways to not only up our service, but also the product itself,” said Anil Mishra, CEO of Integrid Media. “By partnering with Oridian, we offer publishers quality content ads, while at the same time ensuring advertisers the prime promotional space on leading web properties. This in turn, will enable us to offer more effective campaigns to our clients.”

Bartronics launches extended capability RFID solutions for Indian market BIL ties-up with US-based Intelleflex Corporation Hyderabad, December 22, 2008: Bartronics India Limited today re-affirmed its pioneering status in the Automatic Identification and Data Capture (AIDC) technologies Industry by announcing the launch of extended capability Radio Frequency based Identification (RFID) solutions for the Indian market. The technology is being offered in partnership with Intelleflex Corporation, a US based entity, which has been powering solutions in industries such as transportation, agriculture, manufacturing and retail. Applications most amenable for implementation of RFID include equipment and vehicle yard management, high-value asset tracking, reusable container tracking and personnel monitoring. Commenting on the strategic relationship, Bartronics India Ltd Managing Director, Mr Sudhir Rao said “Partnering with Intelleflex, we can now offer extended capability RFID tracking solutions to the Indian market. By delivering these types of solutions, we will be able to better serve our customers in markets like cold-chain distribution and asset tracking. We chose to partner with Intelleflex because they have established themselves as the technology leader in this product category.” Emerging applications of RFID technology depend upon extended capability solutions, with features such as large user memory, long range operation, advanced security architectures, robust performance in difficult RF environments and sensors for environmental data capture of items like temperature exposure. The extended capability is due to the battery-assisted passive RFID, which extends the operating range to 50 meters. Apart from extending the operating range, the features include on-tag memory of 64kb, zonal location finding and advanced security architecture. Further, the cost has been brought down to a fraction of active RFID. The solution offers two other distinct advantages – one is it can be used in a wide variety of challenging environments because it can withstand exposure to the elements including extreme temperature ranges from -40 to +125 degrees Celsius. The second is that the current multi-protocol readers support both types of tags – normal as well as battery-assisted thereby, enabling easy migration paths. Based on the Intelleflex RFID platform, Bartronics is able to offer differentiated RFID tracking solutions and fills a void in the market where standard passive RFID falls short, but the cost of active RFID is too high. Bartronics has already identified ready markets for the new platform and is actively engaged with customers for implementing the mixed tag solutions.