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US markets end flat; ADRs mixed
US markets ended flat on Wednesday. The Dow ended at 10,574. The Nasdaq slipped eight points to 2,301.

Opto Circuits signs pact with OEM for joint development
Opto Circuits (India) Ltd. (OCI), a manufacturer of invasive and non-invasive medical devices, today announced that Criticare Systems Inc, its wholly owned subsidiary, has signed a long-term development agreement with an OEM customer. The agreement provides for a joint development programme focused on a new modular and MRI-compatible patient monitoring system.

News of the day

India Eco Summit: Infosys BPO to hire 2,000 by FY10-end
Infosys BPO, the back-office unit of IT firm Infosys Technologies, today said it would hire 1,500-2,000 people by the end of the current fiscal.
Management

Letters: Dialling trouble

Telecom giant Bharti Airtel has managed to declare a profit but its results show a real problem in even the top line. This underscores the need for these market leaders to find other ways to monetise customers. The plain vanilla voice market is no longer profitable, but these companies haven’t done much by way of value added services apart from the caller tunes, which is now an old story. - Early birds on a high post profits spike - Competition, price war take toll on Airtel - Bharti Airtel not looking to buyout Sprint: Manoj Kohli - Bharti Airtel planning to list a tower unit - Bharti Airtel Q3 net up marginally at Rs 2,209 cr - Bharti-Limelight link up to deliver multimedia services So far, however, the telephone service providers haven’t not come up with too much innovation and it is others who are doing this. Nokia’s Ovi stores, for example, now offer GPS map services for free in order to encourage users to buy Nokia phones instead of Blackberries. We need to see solutions like this from the Bhartis and Vodafones. These companies have not even tried to offer Photon-type high-speed internet cards, once again showing a lack of ability to move from the beaten path. Sanjay Joshi, New Delhi Readers should write to: The Editor, Business Standard, Nehru House, 4, Bahadur Shah Zafar Marg, New Delhi 110 002, Fax: (011) 23720201; letters@bsmail.in


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