MARG Signs MoU With BSNL

MARG Ltd, India''s fastest growing Integrated infrastructure company, inked an MoU with BSNL to provide world class telecommunication facilities in the upcoming mega Infrastructure project, MARG Swarnabhoomi. As part of the MoU, BSNL will provide complete telecom solutions, including voice, data, WiFi hotspots, video and audio conferencing facility, broadband, leased lines and wireless services at MARG Swarnabhoomi.

Speaking on the occasion, Mr. Harlnarain said, "We are committed to providing the . occupants of MARG Swarnabhoomi reliable, and state-of-the-art secured networks with a bouquet of voice,, video and data services at competitive prices on a single window basis. We are pleased to partner with BSNL In this endeavour."

BSNL will cater to all the telecommunications requirements of the industries, hospitals, school, and residential buildings conning up In MARG Swarnatahooml, BSNL would start work immediately as the BVM Global School at MARG Swarnabhoomi Is scheduled to be operational by July 2009, The basic Infrastructure to lay the cables and exchange facilities will be provided by MARG,

Various services that will be provided by BSNL Include landllnes with CLIP phones, free phoner plus services, free centrex In each apartment block, mobile services, Broadband and WiFi services, EPBAX and voice solutions, Mobile CUG, VSAT solutions, Blackberry solutions and smart PCOs etc. BSNL will also take care of the specific needs of various types of industries that will come up In the two SEZs.

Reliance unit files for insolvency in Germany

Reliance Industries Ltd on Wednesday said that Trevira, a European textile unit, had applied in a German court to start the proceedings of insolvency with a restructuring plan.

The move follows major efforts by the company to overcome the impact of industrial slowdown in Europe particularly of the automotive and textile sectors to whom it is an important supplier, Reliance said in a statement.

Reliance said that Trevira was "severely impacted" by the recent global financial downturn that resulted in considerable contraction in demand in its'' principal market segment. Trevira makes polyester fibres as well as filament yarns. It has production units in Germany as well as Denmark, Poland and Belgium, the website showed.

Reliance Industries had acquired Trevira in 2004.

Wipro''s revenue will not be affected by GM''s bankruptcy

The revenues of Wipro will not be affected due to the bankruptcy of its client, General Motors Corp, the IT firm said in a regulatory filing Wednesday. "General Motors accounts for less than 1% of Wipro''s IT services segment revenue, and our assessment is that a substantial portion is expected to continue," the company statement said.

It also added "Our accounts receivable as on the date of filing is under $8 million. Based on our current assessment, we do not expect significant adverse impact on account of this development,".