• Bharti Airtel announces results for the second quarter and half year ended 30 September, 2007

    Submitted by ITV Production on Oct 31, 2007

    MUMBAI: Bharti Airtel Limited ("Bharti Airtel" or "the company") today announced its audited US GAAP results for its second quarter and half year ended September 30, 2007.It has once again maintained its strong growth momentum.

    The consolidated total revenues for the quarter ended 20 September, 2007 of Rs. 6,337 crore grew by 45 per cent and EBITDA of Rs. 2,710 crore grew by 59 per cent on a year on year basis. The cash profit from operations of Rs. 2,597 crore grew by 58 per cent over last year. The net profit for the quarter ended September 30, 2007 was Rs. 1,614 crore, a growth of 73 per cent over last year.

    The revenues and net profit for the first half year ended September 30, 2007 was Rs. 12,242 crore and Rs. 3,126 crore, a growth of 49 per cent and 85 per cent over the same period last year respectively. Bharti had 5.1 crore customers, as on September 30, 2007, an increase in the total customer base of 78 per cent over the corresponding period last year and maintained its leadership position through an improved market share of all India wireless subscribers at 23.4 per cent as on 30 September, 2007, up from 21.4% corresponding to the same period of last year.

    Commenting on the results and performance, Mr. Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said, "The quarter has seen telecom growth accelerate further, clearly demonstrating that the Indian telecom market still has a long way to go to achieve its full potential. Bharti Airtel also crossed the 50 million customer mark to enter the league of the world‘s top telecom companies. Going forward, we see strong demand for telecom services across all segments and we are well placed to take advantage of these growth opportunities."Bharti Airtel Limited - Summary of Consolidated

    Financial Statements - represents Consolidated Statement of Income as per United States Generally Accepted Accounting Principles (US GAAP) (Amount in Rs. Crore, except ratios) Sep 2007 Sep 2006 Sep 2007 Sep 2006.

    Audited Unaudited Audited Unaudited
    Total revenues 6,337 4,357 45% 12,242 8,214 49%
    EBITDA 2,710 1,702 59% 5,156 3,205 61%
    Cash profit from operations 2,597 1,644 58% 5,219 2,977 75%
    Income before income taxes 1,747 1,078 62% 3,637 1,938 88%
    Net income 1,614 934 73% 3,126 1,689 85%
    Half Year Ended Y-o-Y
    Growth Quarter Ended Particulars Y-o-Y Growth

    Operating Highlights
    Parameters Unit Sep 30, 2007 June 30, 2007
    Q-on-Q Growth Sep 30, 2006 Y-on-Y Growth

    Customers on our Network
    Mobile Services 000‘s 48,876 42,704 14% 27,061 81%
    Broadband & Telephone Services 000‘s 2,075 1,972 5% 1,631 27%
    Total 000‘s 50,951 44,676 14% 28,693 78%
    (Figures in nos., except ratios).

  • MTNL announces results for the 2nd Quarter ended on 30 September, 2007

    Submitted by ITV Production on Oct 31, 2007

    MUMBAI: The Board of Directors of MTNL have taken on record the Unaudited Financial Results for the 2nd quarter ended on 30 September, 2007 MTNL has made an impressive performance during this quarter-ended 30 September, 2007 despite on going strong competition from other operators and also downward revision of port charges etc based on regulatory changes. MTNL has generated net income from services during the second quarter of 2007-08 of Rs.11985.25 million as compared to Rs. 11956.87 for the previous quarter ending 30 September, 2007 and Rs.12190.24 Million during the corresponding quarter of previous year ended on 30.09.2006.

    As compared to the corresponding quarter of the previous year there is an increase in income from Mobile services from Rs.1891.36 Million to Rs.2188.99 Million i.e. by Rs.297.63 Million which is equivalent to 15.74 per cent.

    The staff expenses during this quarter ended on 30 September, 2007 has gone down from Rs.4655.83 Million to Rs.4284.51 Million i.e. by Rs.371.32 Million as compared to the corresponding quarter of the previous year ended on 30 September, 2007 This is mainly due to VRS, which was implemented in the year 2005-06 & 2006-07.

    The Administrative/Operative expenses during the current quarter ended on 30 September, 2007 has increased from Rs.2316.70 Million to Rs.2537.08 Million i.e. by Rs.220.38 million as compared to the corresponding quarter of the previous year. This increase of 9.52 per cent is mainly due to increase in Internet bandwidth charges and in provision of Sundry Debtors (on account of Cloned calls besides normal provisions).

    MTNL has earned a net profit of Rs.947.81 Million during this quarter. During this quarter, there has been a tremendous increase in the Cellular subscriber base as MTNL has added a total of 163309 cellular subscribers and total cellular subscriber had increased to 2772120 as on 30 September, 2007.

  • Cleartrip persents 'Free Fuel for your Weekend Escape' offer

    Submitted by ITV Production on Oct 30, 2007

    MUMBAI: Just in time for the Diwali break, Cleartrip now gives you another reason to take the well-deserved weekend break. ‘Free fuel worth Rs. 1,000 when you book a Weekend Getaway‘.

    The deal is simple - all you need to do is have to log on to Cleartrip.com, book a weekend getaway and you get a fuel voucher worth Rs. 1,000 for free. These vouchers can be redeemed against Xtra Mile Petrol or Xtra Premium Diesel at Indian Oil Fuel Stations across India. Going one step further, the Indian Oil fuel vouchers will be personally delivered at your doorstep by Cleartrip.

    Travelers get to choose from over 80 hand-picked weekend destinations available across India. Be it the hill stations like Lonavla, Khandala, Darjeeling, Nainital or pilgrimage retreats like Tirupati, Varanasi, Haridwar, Rishikesh to name a few.

    ‘Most customers prefer to drive down to weekend getaway destinations with their families and we saw this as a great opportunity to once again reward customers with free fuel when they book their weekend holiday with Cleartrip, said Noel Swain, Vice President Marketing, Cleartrip.com.

    The bookings for the ‘Free Fuel for your Weekend Escape ‘ offer can be made online at www.cleartrip.com or by calling on 1800 22 5327 (toll-free for MTNL / BSNL) / 022 30014999. This offer is valid only for first 1,500 customers.

  • Gujarat's new Muslims by Shikha Trivedy to be aired on NDTV 24 X 7


    Submitted by ITV Production on Oct 29, 2007

    MUMBAI: This week ?Documentary 24x7? features the first part of the four part documentary series ?Gujarat?s New Muslims? by NDTV?s Shikha Trivedy, who travels through Gujarat to capture how hope provides a healing touch to those scarred by communal violence.

    The documentary shows how the power of faith and hope for a better future has helped the Muslims in Gujarat get over the trauma of the communal riots of 2002 and to re establish an identity of their own. ?Gujarat?s New Muslims? takes the viewers through Muslim localities where schools exclusively for their children have been built from ashes in all major cities of the state.

    Watch the ?Gujarat?s New Muslims? find new strength through faith to raise from the troubles of the past and aim for a bright future on the third episode of Documentary 24x7 series only on NDTV 24x7 at 9.30 pm, November 1 and its repeat telecast at 1:30 pm, November 2 only on NDTV 24x7.

  • Watch eleventh episode of Salaam Zindagi

    Submitted by ITV Production on Oct 29, 2007

    MUMBAI: The eleventh episode of Salaam Zindagi salutes the resolute spirit of women suffering a heavy emotional and physical toll due to domestic violence and yet come out winners to move on with their lives against all odds.

    Watch these women share their experiences with NDTV India‘s Naghma in ?Salaam Zindagi? only on NDTV India on Friday, November 14, 2007 at 08:00 pm and the repeat telecast on Saturday, November 15, 2:00 pm.

  • Anniversary celebrations at Cinemax, Sion

    Submitted by ITV Production on Oct 29, 2007

    MUMBAI: On account of completing 7 years of providing endless entertainment and cinema, Cinemax Sion celebrated their 7th Anniversary with great pomp and vigour! Along with hosting a series of fun filled activities and interesting contests, the lavish property at Sion shared their happiness with a number of special kids by screening the blockbuster "Chak De India"!

    The swanky property, with association with a NGO - Aveska, showcased the inspiring "Chak De India" for girls from A. D Bawla Female Orphanage Home.

    To set the famous "Chak De" atmosphere, the "hockey players" from the movie stepped in! All the Chak De girls present completely rocked the event, taking the zeal to another level! They merrily chatted and interacted with the enthusiastic kids, spreading the significance of hard work and dedication as well as the "never give up" attitude!

    And the excitement didn‘t end there! A large number of exciting contests, activities and games had been organized by the theatre management as a part of the carnival! Since the multiplex has completed 7 glorious years, the management set up a unique and beautiful theme of "Seven Wonders of the World", with one of the gifts being a trip to one of the ancient seven wonders -PYRAMIDS OF GIZA AT EGYPT!

    Mr. Devang Sampat, Vice President, Marketing & Programming, CINEMAX India Ltd, said, "It is a great moment for all of us at CINEMAX. Our motto of teamwork, determination and a promise to entertain our valued patrons has helped us achieve this stature of being one of the leading Multiplex Operators in the country"

    Adding further, Mr. Sampat said, "All our success and growth goes to our valued partners and most importantly our patrons. This being our 7th Anniversary of Sion, we have planned a series of celebration events that will have something special for everyone irrespective of the age- groups.

    Moreover, we are happy to celebrate our anniversary with these little girls.

    We believe that there is no better way to celebrate and rejoice than seeing the special kids smile and enjoy every bit of the spectacle we have planned for them!"

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