Reliance Communications, is gearing up to launch videoconferencing services across 1,100 cities in 113 countries, including the US, Europe, Japan and Middle East nations. The company has also initiated talks with global telecom operators to set up backbones and provide bandwidth for the operations.
The company planning its global videoconferencing foray through its 100% subsidiary Reliance Globalcom, which already has Internet protocol-enabled optical fibre network across the globe. The company is looking at hosting over 2 million simultaneous videoconferences across 70 countries covering 6 continents. RCom, which is already providing videoconferencing services in over 105 cities in the country, is also expanding its presence. The group had earlier entered into tie-ups with over 1,000 corporates, who are using the facility from Reliance World Stores. The company is also providing managed videoconferencing services to customers in the country.
The fast growing global potential of videoconference services provides interesting opportunities to expand its service portfolio using the fully-IP enabled 65,000 fibre Kms undersea cable network connecting 40 top business centers of the world. The present size of global videoconferencing industry is estimated to be around $11 billion (Rs 44,000 crore). In India, the videoconferencing market is growing at over 50 per cent on a year-on-year basis.
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Homegrown pharma major Ranbaxy Laboratories Ltd has commenced Yemen operations in collaboration with local Pharma Ltd. With this it has strengthened its presence in the Middle-East. Ranbaxy has now become the first Indian pharma company to have a strong presence in the Middle-East with operations in 11 countries.
The company has a strong productline with over 160 approvals so far in Yemen. It has commenced operation by introducing products to more than 350 doctors in the country. Ranbaxy would focus more on therapeutic areas such as anti-infectives, gastro-intestine, cholesterol lowering and anti-allergic in the country. It has also become the first company to be registered in Saudi Arabia and to receive the centralised GCC registration.
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GMR Infrastructure has posted 129% growth in net profit after tax and minority interest at Rs 50.0 crore for the quarter ended March 31, 2008 as compared to Rs 21.9 crore for the quarter ended March 31, 2007. Net Revenues have increased 43% from Rs 619.6 crore for the quarter ended March 31, 2007 to Rs 885.3 crore for the quarter ended March 31, 2008.
For the year ended March 31, 2008, the company has posted a jump of 20% in net profit after tax and minority interest at Rs 210.1 crore for the year ended March 31, 2008 as compared to Rs 174.4 crore for the year ended March 31, 2007. Net Revenues have increased from Rs 1,696.7 crore for the year ended March 31, 2007 to Rs 2,294.8 crore for the year ended March 31, 2008.
GMR Infrastructure plans to invest Rs 2,400 crore this fiscal in various road projects. The company expects to commission four important road projects - two in Andhra Pradesh, one in Tamil Nadu and one in Ambala, by the end of the year.
Further GMR Infrastructure’s unit GMR Energy Ltd has acquired a 5% stake in South Africa’s Homeland Mining and Energy SA (Pty) Ltd, a unit of Canada’s Homeland Energy Group Ltd. It also has an option to buy additional 45% stake in the company.
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