United Telecom resumes full services in Nepal
New Delhi: The United Telecom Ltd, a joint venture company of Mahanagar Telephone Nigam Ltd (MTNL), Videsh Sanchar Nigam Ltd (VSNL), Telecommuncations Consultants India Ltd (TCIL) and Nepal Venture Private Ltd, which offers telecom services in Nepal, has been permitted to resume services.

The company has restored connectivity to its 25,000 mobile subscribers in the kingdom, which was shut down by the King Gyanendra administration after he dismissed the democratically-elected Government.

The move assumes significance in the light of the meeting between the Prime Minister, Dr Manmohan Singh, and King Gyanendra on the sidelines of the Asian-African Summit in Jakarta.

However, a significant part of the company's operations had already been restored over the last few months. International long distance calls from the kingdom, for instance, had been restored in February. Senior UTL executives had said the shutdown was causing revenue loss to the company.

While VSNL and TCIL hold 26.6 per cent each in United Telecom, MTNL has 26.8 per cent stake. The Nepalase company has 20 per cent stake. The firm is administered by India's Department of Telecommunications and has a 10-year extendable licence to provide basic service using wireless technology.
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Anil Ambani's resignation from IPCL: BSE to pursue matters
Mumbai: Marking a new twist in the ongoing ownership tussle between the Ambani brothers, the Bombay Stock Exchange (BSE) has indicated that it does not appear to be satisfied with the communications of IPCL over resignation of Anil Ambani from the company's Board.

A senior official of the BSE has said that the matter would be pursued "appropriately". "On the face of it there appears to be a dichotomy in what was conveyed on January 20 and the communication of April 23," the official said.

IPCL, headed by Mukesh Ambani, had communicated to the BSE on January 20 that the Board of Directors at their meeting on that day had considered Anil's resignation as Vice Chairman and Director and unanimously requested him to reconsider the same.

In his January 3 letter, Anil had accused a co-director Anand Jain of conspiring to divide the family and said it was below his dignity to serve on the same Board as Jain.

Both BSE and NSE had sought clarification from IPCL on Friday after media reports that Anil's name had been deleted from the list of Board of Directors from the company's website.
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Delhi Ad Club awards
New Delhi: The Delhi Advertising Club (DAC) will host 'Awards for Excellence in Advertising 2004' in the Capital on Monday.

"Over 35 leading advertising agencies of the country like JWT, TBWA Anthem, Leo Burnett and Everest have sent over 500 entries for 20 categories," a DAC release said here.

The panel of judges for the event includes Anil Warner, JWT, Viral Pandya, Saatchi & Saatchi, Ms. Munmun Agarwal, K-Factor, Rajat Meresh, Madison and Rupam Borah, Leo Burnett.

Over 1,000 advertising professionals are expected to attend the awards ceremony.
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