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Surajeet Das Gupta: So what's a brand between friends?
MTNL will be one of the few big telecom companies in the world to allow competitors to offer their brand on its network.

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SBI may provide more to cover bad assets
State Bank of India (SBI), the country’s largest lender, is expected to set aside more funds to meet the new norms that mandate 70 per cent provision coverage for non-performing assets (NPAs).

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Tata Teleservices incurs Q1 net loss of Rs 34 cr
Telecom services provider Tata Teleservices Maharashtra (TTML) today announced a consolidated net loss of Rs 34.26 crore in the first quarter ended June 30, 2009.
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US markets end marginally lower

The US markets had an unspectacular day of trade. Dow Jones closed at 10,426.30, lower by 11.11 points or 0.11%, Nasdaq ended at 2193.14, weaker by 10.64 points or 0.48%, and S&P shut at 1109.8, down 0.52 points or 0.05%. - Oil rises further in Asian trade - US markets close in the green - US market ends firm; MTNL ADR up 3% - US markets ends higher on strong retail news - US markets drop on energy shares - US markets gain on strong data, growth forecast The Indian ADRs ended on a mixed note. On the loser"s side, HDFC shut at $134, down $2.62 points or 1.92%, MTNL ended at $3.31,lower by $0.04 points or 1.19%, and Dr Reddy"s closed at $23.97, down by $0.33 points or 1.36% Infosys ended at $52.05, weaker by $0.52 points or 0.99%, and Satyam closed at $5.15, down $0.05 points or 0.96%. The winners included Tata Motors (stronger by $0.13 points or 0.94% at $13.99), Tata Communications (higher by $0.06 points or 0.38% at $15.99) and Wipro (up $0.10 points or 0.49% at $20.50).


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