Tata Teleservices (Maharashtra) Limited
BOM:532371 ISIN:INE517B01013
Tata Teleservices (Maharashtra) Limited is an India-based company engaged in the business of provision of telecommunication services consisting of basic services, cellular services, broadband services (for retail and enterprise) and Internet telephony. The Company expanded its network throughout the States of Maharashtra and Goa by covering 565 towns as of the fiscal year ended March 31, 2008 (fiscal 2008). The Company provides services in about 565 towns and cities in the States of Maharashtra and Goa through its telephone exchanges located at Turbhe (Navi Mumbai), Nariman Point (Mumbai), Marol (Mumbai), Andheri (Mumbai), Pune, Nasik, Panaji, Nagpur and Kolhapur. The Company holds two unified access (basic and cellular) service licenses (UASLs), one for Mumbai Metro and the other for the Rest of Maharashtra and Goa. The Company also launched the Virgin Mobile brand targeted at the youth segment during fiscal 2008. It has reciprocal roaming arrangements with Tata Teleservices Limited.
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Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street, largely due to optimism of the local economy and corporate performance.
Most Asian markets opened firmer Thursday following Wall Street's rebound overnight lifted by better-than-expected economic figures.
Most major Asian indexes ended higher on Monday except for the Japan market. Tokyo stocks hit by the bankruptcy of nonbank lender SFCG dropped 2.8% in early trading and ended 0.5% at the close. South Korea's Kospi jumped 3.2%, China's Shanghai Composite added 2% and Hong Kong's Hang Seng Index surged 3.8%. This morning the Nikkei average extended its tumble after US stocks sank to a record low since 1997.
Yesterday Asian share markets ended broadly lower after Wall Street's massive sell-off over the revised proposal to shore up U.S. banks. Japanese markets were closed for a public holiday. Hong Hong's Hang Seng Index dropped 2.5%, while South Korea's Kospi gave up 0.7%.
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