ITDC to market chocolates from Jan 12
New Delhi: ITDC has decided to stock home-made delicacies in its duty-free shops that currently sell well-known Swiss, German and French brands of chocolates.

The ITDC plans to sell chocolates worth about eight crore through its duty-free network. All activities pertaining to ITDC's 'Ashok' chocolates would be handled by a separate business development division.
ITDC will seek the help of chocolate experts to enter the arena and initially seek to capture 25 per cent of the business at its duty-free shops.

The chocolates will be made at ITDC's hotel Kanishka.
Back to News Review index page  

Eonour Tech bags Hyundai Motors project
Chennai: Eonour Technologies Ltd has bagged two project orders from Hyundai Motors India Ltd. These solutions address the web-based requirements of Hyundai.

One solution addresses the Hyundais supply chain requirement with its vendors, which involves the flow and exchange of information relating to the purchase process between Hyundai and their vendors over the web.

The other solution involves sharing of trainee information among various branches of Hyundai in the country.
Back to News Review index page  
Maruti Udyog to roll out more limited editions
New Delhi: Maruti Udyog is planning special editions of its models. This follows the success of the limited edition of Esteem and Wagon R.

The company has decided to sell an additional 1000 units of limited edition of Esteem till March 2002. MUL launched the limited edition Esteem in September-end and planned to sell initially around 1000 units in three months till December.
Back to News Review index page  
SBI to slash housing loan rates
Mumbai: The State Bank of India has decided to bring down interest rates on its housing loans to 11.5 per cent effective 1 January 2002.

This makes the loan among the cheapest available in the country.

The reduced rates will apply to all loans disbursed after 1 January. Even those who have taken loans earlier on variable rates will benefit from the lower rates.

The bank is also considering extending the zero processing fee offer, which comes to an end in the first week of January.

Market leader Housing Development Finance Corporation is also likely to review its existing home loan rates which are around 12 per cent.
Back to News Review index page  
HPCL rejects Birla offer for MRPL
Mumbai: Hindustan Petroleum Corporation has turned down an offer by the Aditya Birla group to buy out the formers entire stake in their joint venture, Mangalore Refinery & Petrochemicals (MRPL), for Rs 3.20 a share.

The price offered by the Birlas is double the Rs 1.60 a share that HPCL had offered to buy out the Birlas earlier this month. The two partners hold 37.5 per cent each in the company.
Back to News Review index page