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Sensex opens 17pts lower
The Sensex has opened at 16,336 down 17 points.The index is now at 16,263, down 95 points.

Sunil Jain: Getting PPPs back on track
Most observers gag at the thought of the Comptroller and Auditor General of India (CAG) auditing Public Private Partnership (PPP) projects since, they argue, the very things that bedevilled public sector projects will now apply to PPPs as well. The argument is that public sector projects take forever since, apart from the fear of Central Vigilance Commission and CBI probes, managers also live in mortal dread of the audit objections raised by the CAG (the dreaded 3Cs!) — so, public sector managers concentrate on going by the book, even when it comes to buying a pin, never mind if there are greater losses due to project delays. A good example of this is the ongoing furore over the latest BSNL tender — even though BSNL has managed to reduce Ericsson’s quote by a third, it is being accused of violating the CVC rule of not negotiating with suppliers after a bid has been received!

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Nikon to go 'aggressive' on brand visibility
Digital imaging equipment maker Nikon plans to go "aggressive" with its marketing campaigns as it looks to take on rivals like Canon and Sony for brand visibility and gain better growth momentum in the country.
Business Ideas

BSNL FY09 net dips at Rs 104 cr as wage rises, revenue falls

State-run Bharat Sanchar Nigam"s (BSNL) net profit dipped to Rs 104 crore in 2008-09 as staff costs rose and revenues fell in the period, Rajya Sabha was informed today. - IDBI Q1 net up 7.56% - Gammon Infra FY09 net profit up 75% at Rs 32 cr - BSNL fails to retire Rs 7,500 cr govt loan: CAG report - Sterlite Technologies wins Rs 372 cr BSNL contract - Fin Min-led GOM to handle 3G spectrum issues - COMPASS - Infosys: Caution"s the watchword">COMPASS - Infosys: Caution"s the watchword Minister of State for Telecom and IT Gurudas Kamat said the income of BSNL in 2008-09 is Rs 34,937 crore and the net profit is less than last year"s profit. He did not give the comparable net profit figure for the previous year. He said profit has gone down as staff costs have gone up due to revsion of pay and merger of 50 per cent IDA with the basic pay for all employees, and also due to the decline in income from services. Revenue from basic services dipped by 20.65 per cent in 2008-09 to Rs 11,505 crore from Rs 14,499 crore in 2007-08. The number of BSNL"s landline connections has also fallen in the last six months. He said the number of working BSNL landline telephone connections has reduced by 7.27 lakh during the last six months to 289.76 lakh in May 2009 from 297.03 lakh in November 2008. Kamat said the main reason for the surrender of landlines was the increasing usage of mobile phones. Kamat said government has ordered a special audit of the country"s five private mobile telecoms firms to check whether there had been any misreporting of revenue.


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