Airtel launches instant messaging service

In a bid to cash in on the popularity of online chatting, Bharti Airtel has launched an instant messaging service that will allow users to chat on their mobile handset.
Instant messaging is being seen as the next biggest killer application for mobile operators after SMS.

While Airtel is offering the service free of cost till August 31, the company is likely to offer a monthly or yearly package after the introductory period. Other operators are also expected to launch the service shortly.

This service will give all Airtel mobile customers the advantage of having the same experience as a desktop chat service.

Airtel Messenger users can send and receive messages in real-time via their mobile without the need to be attached to a computer.

The service also offers various personalised options of usage, including status tag options.
It also gives the users the advantage to convey multiple emoticons while in conversation.
The company is expecting significant revenues from the service starting next year.

Access to other messenger services such as Yahoo! and MSN will also be offered shortly.
The service is being targeted at youth and young professionals.

To download the Airtel Messenger service, all Airtel customers with GPRS-enabled handsets can register by sending `IM' SMS to 57070.
After registration, they can create their own messaging communities by adding friends from their phone book or manually adding new friends.

The Airtel move comes after the GSM Association announced an initiative to make instant messaging as popular and ubiquitous among mobile users as text messaging.

As part of this initiative, 15 of the world's leading mobile phone operators plan to roll out instant messaging services that will work across networks. (source - thehindubusinessline)

VIP Industries Board recommends dividend

VIP Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 04, 2007, inter alia, has recommended a dividend of Rs 2.50 per equity share for the year 2006-07.

Further the Company has informed that, the Board has approved in-principle the proposal for amalgamation of Aristocrat Luggage Ltd and Quality Plastics Ltd with the Company and has constituted a Committee of Directors for assessing the feasibility, appointment of Valuers, recommendation of Share Exchange Ratio etc.

At the current price of 99 a dividen of 2.50 would mean a gain of 2.5% in a single day hence one can buy it before the record date and sell it after that and have a handsome gain of 2.5%.