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'3G technology is as cost-effective as 2G'
With the state-owned BSNL’s 93-million-line tender once again the subject of a controversy, it’s but natural to elicit the views of Ericsson’s global president and CEO CARL-HENRIC SVANBERG on this. Svanberg, however, refuses to bite, except to say that the tendering procedures for BSNL have to be so transparent, it is not surprising they take so long. He is more concerned about how telecom can save the world from global warming and how India can transform itself with 3G technologies. Excerpts from an interview with SUNIL JAIN:

DoT may sell three blocks of 3G; bidders to pay 100% by March
Government may not get the targeted Rs 25,000 crore from the sale of radio waves needed for the third-generation telecom services

News of the day

Eicher subsidiary signs MoU with Vinn Group
VE Commercial Vehicles (VECV), a subsidiary company of Delhi-based Eicher Motors (EML) has signed a non-binding memorandum of understanding (MoU) with the Vinn Group of Sweden to explore business opportunities in the field of engineering design services.
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Bank of Baroda FY09 net up 54% at Rs 2,384 cr

Public sector Bank of Baroda (BoB) today said its consolidated net profit jumped 54 per cent to Rs 2,384.08 crore in the financial year ended March 31. - Bank of Baroda net rises 54% - Bank of Baroda Q4 net rises 54%; stock flat - BoB cuts term deposit rates by up to 75 bps - Banks" net interest margins dip in Q4 - BoI mulls buyback of overseas Tier-II bonds - Rising above the tide The lender had a consolidated net profit of Rs 1,548.38 crore during 2007-08, BoB said in a filing to the Bombay Stock Exchange. The consolidated total income of the state-run firm rose to Rs 18,297.91 crore during FY09 from Rs 14,306.67 crore in FY08, it said. The bank has already declared its standalone results for the quarter and year ended March 31, 2009, on April 27. On a standalone basis, BoB has a net profit of Rs 2,227.2 crore during the financial year ended March 31, 2009, a jump of 55 per cent from Rs 1,435.52 crore in FY08. Further, the lender"s net profit grew nearly three-fold during the fourth quarter ended March 31 to Rs 752.69 from Rs 276.44 crore of the corresponding period a year ago. BoB was trading at Rs 440.50, up 0.13 per cent in afternoon trade on the BSE.


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