Tatas launch two microsites
The Tata Group has launched two microsites, www.tatamastercraft.com and www.tatatkk.com, that showcase the strides Indias best-known business conglomerate is taking on the path to technological innovation
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Corporates pump Rs 300 cr into films
Mumbai: A few Indian corporates, including the venerable house of Tatas, are venturing into production of Bollywood films, lured by the glamour and high returns, and in the backdrop of reports of extortion and underworld involvement in the film world.
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Pvt eye to probe Nova, Modi, JCT
New Delhi: IFCI will bring four more companies under a private investigators lens following its success in tracking down fund diversions by the Usha group. The four companies/groups are Nova Iron & Steel, the Modi group, JCT Electronics and Prakash Industries.
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IFCIs notice to 10 defaulting Cos for taking mgmt control
New Delhi: Armed with the securitisation ordinance, Industrial Finance Corporation of India has slapped notices on 10 loan defaulters for virtually taking over management control of these companies and recover dues worth over Rs 1,300 crore.
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HAL to build Rs 150-crore machining facility for exports
Bangalore: The Rs 2730-crore aerospace major, Hindustan Aeronautics Limited, would set up a centre of excellence for machining pertaining to forgings and castings with an investment of about Rs 150 crore to Rs 200 crore, in a new thrust to exports.
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Trai likely to take up Airtime issue today
Kolkata: The issue of levy of airtime by cellular operators, who were given significant concessions by the government to give them a level-playing field vis-a-vis limited mobile service providers, is likely to come up for a discussion before the telecom regulator on Friday.
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Coca-Cola braces for mandatory divestment of 49% by tomorrow
Mumbai: After months of aggressive lobbying seeking waiver of the mandatory divestment clause, Coca-Cola India is giving finishing touches to a plan to sell up to 49 per cent stake to bottlers and financial institutions by August 17 to meet the deadline set by the government.
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Talk while you surf on MTNL broadband
New Delhi: Mahanagar Telephone Nigam Ltd (MTNL) is set to usher the broadband era in Delhi and Mumbai. The incumbent operator in these two metros is chalking out an ambitious plan that will see consumers and corporates enjoy unfettered 24-hour access to the Internet without the hassles of dialling up, at a scorching 6 MB speed and a flat monthly rate, irrespective of hours of Net usage.
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HNT hopes to corner half of ISD mkt in Punjab
Chandigarh: The Rs 20 crore Hi-Tech Group, with exposure in industrial gases and lighting equipment manufacturing for over a decade, has ventured into the IT services sector, joining hands with Net2Phone to bring internet telephony to Punjab.
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Affiliated leads the growth path ahead of Infosys
Mumbai: Indian IT services companies had astonished the world with their growth story in the last few years. But the honour for the highest growth goes to Affiliated Computer Services, a US IT services and BPO company.
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IOC planning to launch branded petrol, diesel
Mumbai: Deregulated retail market of petro products has started showing visible signs of competition. Following the recent launch of high-performance petrol Speed by Bharat Petroleum Corporation, IndianOil is planning to hit the market with branded petrol and diesel this month.
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Hindalco issues Rs 50-cr inverse floater bonds
Mumbai: Inverse floating bonds are fast catching on. Aluminium maker Hindalco today floated a Rs 50-crore bonds issue, with an inverse floating interest rate structure.
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Videocon gives Russia wide berth, casts anchor in UK
Bangalore: Videocon has decided to go slow on its plans for a manufacturing unit in Moscow. Videocon group is also holding back investments of about Rs 80 crore given recessionary trends in Russia and instead looking at Bahrain as a new production base.
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Vikrant may be merged with JK Industries
New Delhi: JK Industries is considering an amalgamation of its subsidiary, Vikrant Tyres with itself
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SAIL's research unit working on steel for Coal India mines
Ranchi: The Research and Development Centre for Iron and Steel (RDCIS), the corporate research unit of Steel Authority of India Ltd (SAIL), is now working on a project to develop high-strength steel for use in the underground mines of Coal India Ltd.
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Sumitomo Corpn says sayanora to Kolkata
Kolkata: Japanes conglomerate Sumitomo Corporation has  closed down its office in the city "amicably'' after its 30-35 employees opted for a compensation package.
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XLRI to help Tatas reskill VRS-optees
Jamshedpur: For the Tatas, it is never a `bye bye' for employees, even for those who have prematurely left the organisation through the VRS route. Consequently, some of the Tata companies located in the region have approached the Xavier Labour Relations and asked it to create a cell for retraining these people for redeployment purposes.
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Idea, BPL revive merger talks
Mumbai: Last-ditch efforts are on to salvage the proposed merger involving BPL and Idea Cellular, seen as the country's biggest telecom alliance. Both players are in crucial talks which could lead to a new deal in the next couple of weeks.
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Maha Seamless plans expansion
Mumbai: Maharashtra Seamless Ltd, the largest producer of seamless pipes in the country, is all set to increase its capacity from one lakh tonnes per annum to two lakh tonnes, at an outlay of around Rs 25 crore, mostly from internal accruals, the Managing Director, Saket Jindal, said.
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Pharma R&D outsourcing co begins operations
Bangalore: A new pharma R&D outsourcing company, Saint Life Bio Pharma Private Ltd, has announced its Indian operations from Bangalore. The company with an investment of $ 6 million (Rs 30 crore) and 100 scientists, would function from its new facility on a 4.5-acre plot at the EPIP near here.
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Rane Brake ties up with UK varsity
Chennai: Rane Brake Linings Ltd has tied up with the University of Bradford, UK, under which the company's personnel would be trained by the University in the "latest in braking trends".
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BPL-Sabeer Bhatia tie-up on voice messaging
Bangalore: BPL Mobile, a leading mobile service provider and Navinmail, a creation of Mr Sabeer Bhatia, who pioneered free Web-based e-mail, have joined hands to introduce two new products in India using the voice-messaging platform.
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Pramati bullish on expansion
Hyderabad: Pramati Technologies, a global provider of enterprise Java middleware technology and tools, has announced its expansion plans of increasing and reaching out to about 1,000 channel partners.
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Core Healthcare IV fluid bottle output at 1 billion
New Delhi: Core Healthcare Ltd has touched the one billion mark in terms of intravenous (IV) fluid bottles produced. In a statement, the Ahmedabad-based company, with a 40 per cent market share, attributed its achievement to its distribution network, quality of products and international operations.
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