Bertelsmann, Bird in tie-up for call service centers
New Delhi—Bertelsmann of Germany valued at 1.2 billion Euro is entering into a 51:49 joint venture with Delhi based Bird group. The latter is a conglomerate of independent companies with multi-functional concerns in the travel and IT sectors. It also represents Amadeus, a leading global distribution system provider for the international travel and tourism industry.

Bertelsmann will have its headquarters in Delhi and will offer a complete range of marketing services to customers in Europe, North America and the Indian subcontinent.

Ankur Bhatia COO Bird Group said the company would initially support Bertelsmann’s existing clients in India like the MCDonald’s, Air France, Lufthansa and Microsoft. The areas of collaboration include collection and maintenance of data in different languages, multi-lingual call and service centers, online services and support for customer service functions. These services will be targeted at companies operating in telecom, tourism, trading, media, banking consumer goods and insurance.
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HLL portfolio rejig works out
Mumbai—Hindustan Lever Ltd, HLL, has declared a 21 percent rise in net profit for the second quarter ended June 30 2001 at Rs 346.73 crore against Rs 2879.72 crore in the corresponding period last year. The company has declared a 250 percent interim dividend for the year.

At a press conference chairman HLL MS Banga said that profitability improved because of supply chain efficiencies and focus on core brands.

He added that despite the markets being in a sluggish condition resulting in a decline in sales of most of fast moving goods, HLL could perform well on the back of its 30 power brands.
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Tata Engg incurs Q1 net loss of Rs 98.9 cr
Mumbai—Tata Engineering has announced a net loss of Rs 98.90 crore in the first quarter on 2000-02 against a loss Rs 74.34 crore in the corresponding period last year. In the April June period its net sales declined by 5.6 per cent to Rs 1,697 .38 crore. This was mainly due to a decline in export volumes and 21.90 percent fall in sales of commercial vehicles.
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Ashok Leyland Q1 loss down
Chennai—Inspite of the continuing slump in the automotive sector Ashok Leyland has managed reduce its losses by 52 percent to Rs 9.4 crore in the first quarter ending June 30. Last year the company suffered a loss of Rs 19.crore in the same period.

The highlight of the period was a 4.9 percent growth in domestic MDV sales against industry trends which has seen a fall in industry volume.
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HM cuts loss
Kolkata—Hindustan Motors, HM, has reported a 19 percent drop in sales to Rs 21.6 crore along with a lower loss of about 30 percent for the quarter ended June 30, 2001 against the corresponding period last year.

The net loss stood at Rs 25.77 crore against Rs 36.24 crore last year.
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