Bharti gets domain name
New Delhi: The Delhi High Court has barred Vijay Bharti from using the word 'Bharti' in any form and transferred the domain names 'bharti.com' and 'Bharti.net' to the Sunil Mittal-promoted telecom group.

Transferring the two domain names to telecom major, Justice Sharda Aggarwal said "Bharti Televentures have made out a prima facie case for ad interim orders in their favour".

However, the court said that transfer of domain names were subject to the undertaking by the telecom major that in case the suite is decided against them, the domain names will be re-transferred to the enterpreneur.

Senior advocate Rajiv Nayyar and Pratibha M. Singh, appearing for Bharti Televentures alleged that the two domain names were illegaly used by the defendant as the court had earlier restrained him from using any other domain name starting with the word Bharti.

They alleged that despite the restrain order the defendant was allowing the use of the aforesaid domain name by those engaged in similar business.
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RPL mulls franchisee retail stores
Mumbai: Reliance Petroleum Ltd (RPL) is considering opening of retail outlets on a franchise basis, if it fails to get state-owned IBP Co Ltd.

The company is looking at franchisee outlets as one of the options to set up the retail network needed to market petroleum products from its 27-million tonne refinery at Jamnagar, in the post-APM scenario.

The company will also set up its own outlets, depending on the demand for petroleum products in future. RPL has already conducted surveys on setting up of the retail outlets.
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Six cos interested in Hindustan Organic Chemicals
Mumbai: Six chemical and fertiliser companies have submitted their expressions of interest for the governments 32.61 per cent stake in Hindustan Organic Chemicals Ltd (HOCL).

These companies are Chambal Fertilizers and Chemicals, Vam Organic Chemicals, Schenectady India, Atul Ltd of Lalbhai Group, Deepak Fertilisers and Petrochemicals and Rashtriya Chemicals and Fertilisers.

The government of India intends to divest 32.61 per cent stake in HOCL along with the management control.
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Apollo Hospitals plans centre near Chennai
Chennai:  Apollo Hospitals plans to set up a full-fledged trauma care centre on the east coast road on the outskirts of Chennai. Apollo has already signed an agreement with Tamil Nadu Road Development Company Ltd (TNRDC), the nodal agency of the project, for providing 24-hour ambulance services on the road.

Madras Medical Mission, one of the leading speciality hospitals in the city, has also shown interest in setting up a similar trauma care centre at the other end of the ECR, near Pondicherry.

Apollo Hospitals has approached TNRDC for 1,000 sq ft of land for setting up a state-of-the-art trauma care centre at the toll plaza near Uthandi.
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Zee Tele defers revamp
Mumbai: The board of directors of Zee Telefilms Ltd has deferred a final decision on its corporate restructuring proposal. The board has sought further analysis of the obligatory, regulatory, national and international laws with respect to the corporate restructuring proposal.

The board would reconsider the proposal again in its next meeting to be held in the middle of this month.
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Chenab ties up with VeriSign
Mumbai: Chenab Information Technologies, an e-business consultancy firm, has singned a pact with VeriSign/Safescrypt for the implementation of VeriSign's authentication certificates (Server ID) for Internet/intranet portals.

VeriSign, a US company, is the world leader in Internet security. The server ID product provides assurance to the user that the site he has logged in to is genuine and belongs to the appropriate organisation and that the information exchanged is confidential and cannot be hacked.

VeriSign server IDs are used by the leading e-commerce and financial portals of the world. They are also used by security sensitive organisations to authenticate their intranets, so that employees may communicate freely and securely.
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Zensar bags offshore development contracts
Pune: Zensar Technologies has bagged two contracts, one from Cisco, Australia, and the other from Fujitsu, Japan, for setting up offshore development centres in Pune.

These two contracts are expected to contribute $2 million each per year over a three-year period.

The Cisco ODC will develop and maintain the existing applications and cater to the markets of the Asia-Pacific region. The Fujitsu division would be looking at product development, system software for test and measurement equipment and would be based on the Fujitsu proprietary platform.
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Voltas to enter domestic market
Mumbai: Voltas Ltd, a Tata group company, is aiming to enter electro-mechanical projects in the domestic market.

Using the expertise acquired from Voltas' project management business, the company would like to enter electro-mechanical projects in India and other countries.

Apart from India, the company is also looking at Europe. It is in the process of diversifying its offering by including sewage management and water management.

The thrust towards international operations is expected to double this division's turnover of Rs 130 crore over a three to four year period.
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Film Finances JV plan spiked
New Delhi: The Government has spiked the proposal of Film Finances Inc, one of the largest issuers of film completion bonds, on the ground that the company has not been able to meet the minimum capital requirement norms.

While the minimum capital requirement for entering the entertainment sector is $10 million, the company, along with its Indian partner, Kaleidoscope (India) Private Ltd, controlled by Bobby Bedi, co-producer of the film Bandit Queen, had approached the FIPB for approval to set up a joint venture company with a paid-up capital of Rs 49 lakh.

The proposed joint venture company had cited the issue of film completion bonds in India as its business activity.
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Honda car sales up
New Delhi: Honda Siel Cars India Ltd has said that its car sales rose 14.6 per cent year-on-year in the month to 974 units. Honda had sold 850 cars in January 2001, a company statement said. Sales so far this financial year has been 8,433 units, up 4.2 per cent from 8,087 cars sold in the same 10 months of last year.
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Tata Power eyes AEC
Mumbai: Tata Power Company is looking at half a dozen power projects, which are either operational or at various stages of implementation, as possible targets for acquisition.

Among these are Ahmedabad Electricity Company along with Dabhol Power Company.
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NPIL to tie up with Gland Pharma
New Delhi: Nicholas Piramal India is entering into a strategic tie-up with Hyderabad-based Gland Pharma.

The tie-up is mainly for launching a new cardiovascular drug, Enoxaparim. Under the tie-up arrangement, Gland Pharma will manufacture the new drug, while NPIL will undertake the marketing of this drug.

NPIL is slated to launch Enoxaparim, an anti-coagulant, in April. The new drug will be launched under the companys extra care division.

Besides Enoxaparim, the company is also finalising plans for a series of new drug launches in the CVS segment in order to keep its leadership position in the segment.
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Jindal Steel to raise Rs 220 cr from ICICI
New Delhi: Jindal Steel and Power has roped in ICICI along with three other banks to part finance its Rs 400 crore greenfield Rail Mill project in Chattisgarh.

JSPL will raise close to Rs 220 crore as debt for financing the project with the promoters pumping in the remaining Rs 180 crore through internal accruals.

While ICICI would pump in around Rs 100 crore, others including Punjab National Bank have agreed to invest Rs 50 crore.

Canara Bank will chip in Rs 50 crore and Indian Overseas Bank would bring in the remaining Rs 25 crore.
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Best to introduce VRS
Mumbai: Brihanmumbai Electric Supply and Transport Undertaking is planning to introduce a voluntary retirement scheme to shed surlpus staff.

Best wants to reduce the 3,OOO to 4,000 surplus staff in its traffic division.
Best had freezed recruitment since last two years and is now looking at trimming itself especially the 1,000 surplus conductors.
Best plies 3,325 buses on 443 routes carrying 45 lakh passengers on a daily basis.
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Ansal plans housing project in Sri Lanka
New Delhi: The Rs 150-crore Ansal Housing and Construction Ltd is planning a new housing project in Sri Lanka at an estimated investment of Rs 225 crore. The company plans to complete the project in next 8 to 10 years time.

The project, named Perth Paradise, is a collaboration with the Sri Lankan government and is a part of an industrial satellite township on the lines of Gurgaon and Greater Noida.

The Lankan government has allowed a 10-year tax holiday to the promoters of the project. The project is coming up on a 800-acre land on the outskirts of Colombo, in Horana, using eco-friendly technologies.
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BG to make twin offer to Reliance, ONGC
New Delhi: British Gas India will be making a twin offer to both Reliance and ONGC for getting the operatorship of the Tapti, Panna and Mukta oilfields.

BGI will now either have to make a twin offer on equal terms to Reliance and ONGC or settle for a deal where it is one of the equity partners but the operatorship of the field will be held by ONGC or Reliance.

BGI which had made offers only to ONGC will now have to offer similar terms to both Reliance and ONGC.

ONGC may take BG as its technical partner for operating Panna-Mukta and Tapti oil and gas fields even as it rejected BGs claim for operatorship of the producing field upon purchase of equity of present operator Enron.
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Tata Power to invest Rs 1,000cr in telecom
Mumbai: Tata Power Company will invest in excess of Rs 1,000 crore in its telecom initiative.

The company has already invested close to Rs 300 crore to pick up around 30 per cent stake in Tata Teleservices, which operates basic services in Andhra Pradesh and has licenses for four more circles.

Tata Group companies, Tata Sons, Tata Industries, Tata Steel and Tata Power are pumping funds into Tata Teleservices for activities that include the bidding process for state owned international long distance operator VSNL, basic telecom services, national and international long distance telephony and internet access.
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