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Bigwigs in
race for Kanishka stake
New Delhi: A host of big names in the hospitality business
such as Bharat Hotels, Taj-GVK Hotels, ITC Hotels, the Oberois and
Leela hotels may bid for Hotel Kanishka, an ITDC property in New
Delhi today.
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CCD
to decide on Hotel Ranjit valuation
New Delhi: The issue of revaluation of Hotel Ranjit, an
ITDC property situated in the vicinity of Connaught Place in New
Delhi, will be decided by the Cabinet Committee on Disinvestment
later this week.
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Rating
firms cautious on upping IPCL
New Delhi: Rating agencies are taking a cautious outlook on
upgrading the credit rating of Indian Petrochemicals Corporation,
despite the Ambani-controlled Reliance group acquiring a 26-per
cent stake in the company.
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Kinetic
expects 50% export growth
Pune: The two-wheeler major Kinetic may not be looking to
set the international roads on fire but it certainly expects over
50 per cent growth in exports this year with the launch of full
range of products in overseas markets.
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EMR
applications of Glaxo, Roche rejected
Mumbai: Patent Controller of India has rejected Glaxo-SmithKline
Pharmaceuticals exclusive marketing rights on the companys
blockbuster anti-diabetic drug Rosiglitazone and its derivative
Rosiglitazone maleate.
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Tractor
majors want PTL steering
Mumbai: The sedate tractor industry is suddenly wide awake
with the news that a 23.5-per cent stake in the Rs 964-crore
Punjab Tractors, one of Indias most profitable tractor
companies, is up for grabs.
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Titan
wants to have an Edge in horology
Mumbai: Titan Industries, which recently introduced
3.5-millimetre Edge, is keen to leverage its position in Indian
horology (science of time-keeping) technology space.
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Sterlite
to raise Rs 500 crore from markets
Mumbai: Sterlite Industries, caught in a row over its
buyback programme, is drawing up plans to raise Rs 500-crore debt
in the domestic and international markets to meet future expenses.
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Sodexho
plans to manage facilities for corporates
Mumbai: Sodexho Pass Services, a subsidiary of the euro
11.9-billion French multinational Sudexho Alliance, has since 1997
tried to tap the hitherto unexplored market for meal vouchers in
India. Now it is planning to manage facilities for corporates.
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Infar
India to market Akzo Nobel products
Mumbai: Infar India Ltd has started market feasibility
studies for some of the new global pharmaceutical products of its
Dutch parent, Akzo Nobel. The company has been renamed as Organon
India Ltd after a successful open offer.
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Tupperware
finds India a key market
Mumbai: India is one of Tupperwares promising markets
where it has achieved growth upward of 40 per cent, its chairman
and CEO Rick Goings has said. The company, which entered India
five years ago, has invested more than $15 million in the country.
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Electrolux
hopes to be back in black soon
Mumbai: About targets of the company, Anand Bhardwaj,
executive vice-president, marketing and marketing services of EKL,
said: "We foresee the company in black and buoyant by next
year."
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M&M
scouts for European partners
Mumbai: In
a bid to enter the European tractor market, Mahindra and Mahindra
is currently scouting for distributors and partners in major
European countries.
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Feeder
operators to start east coast services
Kolkata: Following the commencement of the first mainline
service from Chennai to north China, feeder-operators are planning
to introduce a service on the east coast of India from
Kolkata-Haldia-Chennai and between Kolkata-Chittagong.
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Hyundai
claims it is second largest carmaker in India
Mumbai: Hyundai Motor India Ltd has attained the
distinction of the second largest and fastest growing car
manufacturer in India and the company got more than 260 service
outlets spread across the country, says M Young, general manager
Hyundai, (southern region).
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GTL
subsidiary forms international operations group
Mumbai: Global E-secure Ltd, a subsidiary of Global
Telesystems Ltd involved in the business of enterprise security,
has set up an international operations group to chalk out the
growth strategy and identify companies to forge alliances in the
global market.
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Hughes
Software bags Inmarsats pilot consultancy order
New Delhi: The communication software company Hughes
Software Systems is understood to have bagged a consultancy order
from Inmarsat to conduct a pilot feasibility study, on the next
generation satellite communication.
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