Nortel CEO coming
Bangalore: Nortel Networks CEO Frank Dunn will be visiting Mumbai for two days beginning 28 March. He will be meeting Indian corporate Moghuls Dhirubhai Ambani, Mukesh Ambani, Ratan Tata and Sunil Mittal, Narayana Murthy and Azim Premji among others.

Nortel Networks, with its global market leadership in optical, wireless CDMA, metro and enterprise, especially Voice-over-Internet Protocol (VOIP) is working with a number of Indian companies including Wipro, Infosys and Sasken to bring its leading-edge technologies to India.

The company is giving the finishing touches to its contract with Reliance Industries for its 6,000-km optical fibre network equipment that will wire up India. It is also in talks with the Tatas for supplying its CDMA equipment. It has already signed an agreement with the Bharti group for its call center projects.
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India plans to export meat to Russia
New Delhi: India plans to export meat to Russia. The industry is expecting an export of three lakh tonnes next fiscal up from an expected 2.35 lakh tonnes in 2001-02.

Russian veterinary authorities have already inspected Indian abattoirs, which have been found free from diseases like foot and mouth.

The issue of price is also likely to be resolved. Indian average price for deboned, deglanded, frozen buffalo meat is around $1000 per tonne.

Russia at present is sourcing its requirements from Europe at as low as $ 800 dollars.

India has hardly one per cent share in world meat trade.
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Central PSUs post Rs 34.000cr loss
New Delhi: Top five out of the 43 central PSUs - Hindustan Fertiliser Corporation, Fertiliser Corporation of India, Rashtriya Ispat Nigam, Indian Iron & Steel Company and Indian Drugs & Pharmaceuticals have recorded accumulated losses of Rs 6,132.69 crore, Rs 5,467.56 crore, Rs 4,429.26 crore, Rs 1,575.87 crore and Rs 1,414.50 crore, respectively over the last 10 years.

The top five loss-making units accounted for 76.12 per cent of the total loss incurred by the 43 PSUs over the decade.

The cumulative losses of these 43 central PSUs stood at Rs 34,261 crore on 31 March 2001. A study conducted by the Federation of Indian Chambers of Commerce & Industry (Ficci) reveals that the total annual losses incurred by these companies has increased from Rs 2,510.14 crore in 1991-92 to Rs 6,108.75 crore in 2000-01.
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