TCS likely to recruit 1,500 telecom consultants
Mumbai: Tata Consultancy Services (TCS) plans to recruit about 1,500 consultants for its Chennai centres in the next 12 months. Of this, 500-600 consultants would be for telecom services alone, says TCS executive vice-president S Mahalingam.
Back to News Review index page  
Tata Engineering works on zero-defect sedan
Mumbai: Car manufacturer Tata Engineering, whose sedan is waiting in the wings to be launched, has gone into overdrive to ensure that a zero-defect car rolls on the Indian roads later this year.
Back to News Review index page  
3 Punjab PSUs put on fast-track sell-off list
New Delhi: The Punjab government has included Punjab Communications Ltd, Punjab Tractors Ltd and Punjab Alkalies and Chemicals Ltd in the select list of public sector enterprises that are to be put on a fast track for disinvestment.
Back to News Review index page  
IOC net profit rises, to pay 110% dividend
New Delhi: The Indian Oil Corporation board on Tuesday recommended a dividend of 110 per cent for the financial year 2001-02 amounting to an outflow of Rs 857 crore. For the previous fiscal, the company declared a dividend of 95 per cent.
Back to News Review index page  
Tata Engineering, BPCL in pact to market lubes
New Delhi: Bharat Petroleum Corporation Ltd and Tata Engineering are to market co-branded lubricants. BPCL and Tata Engineering have signed a five-year agreement to market co-branded lubricants.
Back to News Review index page  
Companies general rules, forms amended
New Delhi: The Department of Company Affairs has issued a notification amending the Companies (Central Governments) General Rules and Forms, 1956 to include in Rule 20, Rs 5,000 in place of Rs 1,000 with immediate effect.
Back to News Review index page  
Bharat Bio in marketing tie-up with Unichem
Mumbai: Unichem will market four of the key products of Bharat Biotech both in domestic and overseas markets under the Unichem brands.
Back to News Review index page  
Tata Construction new MD yet to be nominated
Mumbai: The board of the ailing Tata Construction and Projects Ltd has undergone a total revamp, as all nine directors have lost their eligibility to continue in their posts after the company failed to meet its payment obligations on fixed deposits.
Back to News Review index page  
Parry to close down plant
Chennai: Parry Confectionery Ltd (PCL) has decided to close down its manufacturing establishment at Manapakkam (Chennai). This is due to the increased competition in the market from several multinational players and from imports, a press release said.
Back to News Review index page  
NMDC to focus on diamonds
New Delhi: The National Mineral Development Corporation has also got permits for a reconnaissance project for about 2,300 sq km in Kalyandurg area in the district of Anantapur.
Back to News Review index page  
Apollo bets on hospital management
Chennai: Apollo Hospitals Enterprises Ltd will not make any capital investment in the next two years and will concentrate only on setting up and running hospitals for other companies.
Back to News Review index page  
iSoft likely to get more projects now
Chennai: The software product development centre of iSoft, the UK-based healthcare software provider, is likely to receive increased projects following iSofts $48.8 million acquisition of the healthcare unit of Northgate Information Solutions.
Back to News Review index page  
Siemens bullish on India
Mumbai: After lying low in India for a couple of years now, global telecom major Siemens Ltd proposes to aggressively push its mobile phones in India, giving its competitors such as Nokia and Samsung a run for their money.
Back to News Review index page  
Coke seeks nod again for stake dilution
New Delhi: Notwithstanding two rejections of its proposals for extension of equity divestment deadline of July 2002, Coca-Cola India has once again approached the government with a request for review of its decision.
Back to News Review index page  
M&M to hike market share to 45% in 3 years
New Delhi: Mahindra & Mahindra Ltd is planning to increase its market share in the hardtop utility vehicle segment from the current levels of 34 per cent to 45 per cent in three years time, with the launch of its sport utility vehicle titled Project Scorpio.
Back to News Review index page  
Schwing Stetter plans new product launches
Mumbai: Schwing Stetter (India) Pvt Ltd, a wholly-owned subsidiary of the DM 1 billion Schwing Stetter GmbH, the German ready mix concrete machinery manufacturer, is planning to launch a slew of new products in the Indian market.
Back to News Review index page  
Cabinet clears ONGCs Sudan project
New Delhi: The union cabinet has approved ONGCs $750-million bid for Talisman Energys stake in a controversial Sudanese oil project, although Talismans chief executive remained tight-lipped about whether a deal was done.
Back to News Review index page  
Nordisk eyes CDRI synthetic molecule
Mumbai: Danish drug-maker Novo Nordisk is close to striking a licensing deal with the Central Drug Research Institute(CDRI), Lucknow, to acquire rights of a promising synthetic molecule with pre-clinically confirmed lipid-lowering (cholesterol levelling) and cardio-protective characteristics.
Back to News Review index page  
Tisco targets March 2003 for auto drive
Mumbai: Tata Steel has said that its specialised grade of galvanised, coated steel for car bodies will roll out within nine months.
Back to News Review index page  
Hyundai tops sales charts in January-May
Mumbai: Korean auto-maker Hyundai appears to be in the drivers seat in just about all car segments in the first five months (Jan-May) of 2002, except the A-segment which is a virtual monopoly of Marutis stable of small cars the 800, Omni and Alto models.
Back to News Review index page  
Late fees on MNC returns increased
New Delhi: The government has made late filing of annual returns unattractive for foreign companies. It has raised the late fees to be paid by MNCs for late filing of returns by five times to Rs 5,000.
Back to News Review index page  
Deloitte Touches local arm eyes BPO alliances
Mumbai: The Indian arm of global auditor Deloitte Touche Tohmatsu plans to strike alliances with domestic business process outsourcing companies for its consulting practice, which it proposes to spin off into a separate entity soon.
Back to News Review index page