BANGALORE - Hit by a massive forex loss due to a weakening rupee, global IT services firm MindTree Ltd. Monday reported a lower consolidated net profit of Rs.103 million (Rs.10.3 crore) for the third quarter (October-December) of this fiscal (2008-09), posting a negative growth of 48 percent year-on-year.

NEW DELHI - Third generation (3G) mobile subscribers in India will reach 90 million by 2013, forming 12 percent of the overall wireless base, an industry report released Monday said.

NEW DELHI - The government Monday ordered a probe into possible 'nexus' between the fraud-hit Satyam Computer Services and its tainted founder B. Ramalinga Raju's two family-run firms Maytas Properties and Maytas Infrastructure.

NEW DELHI - The country's leading telecom player Bharti Airtel Monday launched a service that allows subscribers to watch television programmes using the company's Internet broadband facility in Delhi and the National Capital Region.

HYDERABAD - P.K. Madhav, chief executive of Maytas Infra, promoted by disgraced founder and former chairman of Satyam Computer Services B. Ramalinga Raju, resigned as whole-time director of the board, the company said Monday.