Apple also phased out 'iChat' with messages. In Google trends also, Chat is going a bit down. So, we were looking for possibilities.

What do you think about this name? We may add connections based on people you talk with. Also, we may add some basic feed or something...but unsure about feed at the moment as it is too common on the internet. We will do this only if we are solving a problem in feed that no one else is solving!

Got a better idea. Keeping Telechat as a sub-product and a tab in the system. where people can host Telechats. At the same time adding more tabs like Contacts.