Air Sahara offers credit on tickets
New Delhi: Air Sahara is joining hands with Standard Chartered Bank to provide its credit card holders interest-free credit for purchasing air tickets.

Under the tie-up, Stanchart credit card holders will be given interest-fee credit for buying Air Sahara tickets.

The credit will be available on zero-per cent interest with an 8.5-month payback period.
The airline has also roped in leading hotels across Delhi, Mumbai, Bangalore, Kolkata, Goa and Lucknow to provide a package deal for its travellers.
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Pentasoft posts Rs 14-crore net
Chennai: Pentasoft Technologies Ltd has reported a net profit of Rs 13.97 crore for the quarter ended September 30. The companys net profit stood at Rs 33.88 crore during the same period last fiscal. On a consolidated basis including subsidiaries, the net profit of the company stood at Rs 26.61 crore, according to a company statement.

The total income of the company was Rs 83.63 crore (Rs 152.74 crore) and total expenditure stood at Rs 41.81 crore (Rs 89.04 crore) during the period. The overseas sales stood at Rs 55.16 crore accounting for 79 per cent and domestic sales accounted for 21 per cent and stood at Rs 27.44 crore (Rs 26.32 crore) during the period. In the domestic segment, training contributed 76 per cent and engineering services 16 per cent.
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Packer starts packing from HFCL
Mumbai: Australian media tycoon Kerry Packer has started exiting from HFCL. Packer has sold off almost 25 lakh shares, reducing his holding in the company to just six per cent from the original 10 per cent in the last three months. Various FIIs are also reducing their holding in HFCL.

The FII holding in the company, which stood at 23.5 per cent of the companys equity capital or 1.85 crore shares, now stands at just 2.8 per cent. The price of the HFCL scrip, which was around Rs 90 in the beginning of July is down now to Rs 62. The public shareholding in the company is now up to 35.5 per cent, from just 15.7 per cent in June 01.
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Pepsi Foods accumulates Rs 48 crore losses
New Delhi: Pepsi Foods Ltd had accumulated losses of Rs 48 crore in its books at the end of December 2000.

However, the company had registered a net profit of Rs 16.6 crore during 2000, which was 70 per cent higher than the net profit of Rs 9.7 crore reported in 1999.

PepsiCo India Holdings, PepsiCo India Marketing and seven other subsidiaries of Pepsi Foods Ltd together have accumulated losses of Rs 265 crore till December 2000.

Pepsi's arch-rival Coca-Cola India has also reported accumulated losses of around Rs 650 crore in 2000 after its Atlanta-based parent wrote-off Rs 1,400 crore in the first quarter of the year.
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Mercedes to roll out Rs 79-lakh car
Mumbai: Mercedes-Benz India is all set to roll out its top-of-the-line S-500 L car, a variant of the company's popular S-Class, at a price between Rs 76 lakh and Rs 79 lakh.

Mercedes is also planning to launch the S-320 CDI (diesel)-another S-Class variant-that is likely to cost Rs 54-58 lakh.

These S-Class variants are two of the ten new cars that Mercedes plans to introduce in India by February 2002.

The other models lined up for launch include two new variants each of the E-Class and the C-Class.

Others waiting for a debut include the Mercedes CLK (a convertible) and the SLK (a sports car), the latter coming to India for the first time. Some versions of the E and C class are manufactured in India.

Mercedes will be launching a sports coupe version of the C-Class, the C-200 K, at around Rs 28-32 lakh, in addition to the C-200 K sedan, which will cost Rs 30-36 lakh.

The CLK 320 convertible and the SLK 230 K sports car will cost Rs 47-51 lakh and Rs 35-38 lakh, respectively.
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Tata Tea to push Tetley in Russia
Mumbai: Tata Tea plans to promote the world's largest tea brand, Tetley, in the Middle East, CIS and Russia.

As part of the recast plan for Tetley, the brand will shift its focus from black tea to higher value-added products such as flavoured tea, specialty tea, green tea and herbal tea.
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