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News Digest: Snapdeal, Nokia, Zoom Technologies, Coal India, MTNL

– SnapDeal.com(Jasper) has adopted Shiv Nagar, a village in Uttar Pradesh and will develop the village’s infrastructure, including installation of water pumps and supporting the local school and hospital. The residents have decided to rename the village to SnapDeal.com Nagar. Read More at The Economic Times.

– Nokia has signed a patent license agreement with Apple to settle all patent litigation between the two companies.  As a part of this agreement, Nokia and Apple would have to withdraw their respective complaints from the US International Trade Commission. The financial terms of the agreement include a one time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of the agreement.The specific terms of the contract are confidential.Read Press Release.

– The Central Bureau of Investigation (CBI) has registered a case against Ex-MTNL officials and employees of a Noida based private firm dealing in optical fibre transmission, on allegations that MTNL awarded the work of broadcast network based on IP/MPLS Technology at an exorbitant price of approx. Rs.570.12 crores by manipulating the specification to favour the firm. Read Press Release.

– S.K Modi, Deputy Chief Minister of Bihar has announced that the State will soon frame rules for regulating mobile towers in urban areas of Bihar. Read More at The Economic Times.

– Kapil Sibal, Union Minister of Communications and Information Technology held a conference with the stakeholders to discuss the National Communication Policy (ICT) Policy-2011. Read Press Release.

– The Central Board of Film Certification has launched an online film certification system, that will enable producers to apply online for a Film Classification Certificate. Read Press Release.

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– Chinese mobile manufacturer, Zoom Technologies has launched its mobile phones under the brand name ‘Longtel’ in the Indian market. The company is offering 10 different models of multimedia phones and aims to sell 300,000 units by the end of 2011. Read More at MSN.

– Owing to e-auction, Coal India saw a healthy rise in its revenues from 11.9% in 2007-2008 to 17.5 per cent last financial year. The average selling price at e-auction rose to Rs 1,846 a tonne from Rs 1,346 a tonne. Last year, the company sold coal at a premium of 81% over the average price of Rs 920 a tonne through e-auction. Read More at Business Standard.

– Smart Identity Devices Pvt. Ltd has appointed Sanjeev Mathur as the CEO. He will be responsible for Smart ID’s activities in e-Panchayat, e-Banking as well as IT Security solutions. Read Press Release.

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