Global IT firms target chip designers from India
Mumbai: The demand for chip design engineers with an electrical or electronics background in the Asian region is increasing. The maximum demand for these engineers is expected to come from India, Singapore and China.
Back to News Review index page  
Health insurance cost to go up
Mumbai: Come October, the cost of medical insurance will increase by 5.5%. However, all new policyholders can now look forward to cashless treatment under mediclaim services.
Back to News Review index page  
Education may get priority sector tag
New Delhi: The Ministry of Finance plans to widen the definition of priority sector lending to include tourism, education, infrastructure, housing and health care services. 
Back to News Review index page  
Sweet treat: Top-end candies grow 40%
Bangalore: Candies are no longer small change, especially the deposited candy segment which is growing annually by an impressive 30-40 per cent.
Back to News Review index page  
NIIT to buy eGurucool, eyes bigger domain
New Delhi: Signalling a new strategy of enlarging into a larger domain in the education business, IT education major NIIT is acquiring eGurucool, the learning company, from its existing investors, Star and Chrysalis Capital. 
Back to News Review index page  
Strong rupee may hurt Satyam, Wipro earnings
Mumbai: The appreciating rupee may hurt operating profits of top rung IT companies. According to market players, operating profits may reduce by 1-1.5% if the rupee continues to appreciate till the end of the current financial year. The value of the rupee has appreciated 1% during the quarter so far at Rs 48.40.
Back to News Review index page  
Tata Engg ties up with Arcelor, Nippon
Mumbai: It was touted as Indias very own car. Now, the Tatas will finally be able to make Telcos Indica, 100% Indian - thanks to their collaboration with Nippon Steel and Arcelor.
Back to News Review index page  
Maharashtra Scooters sale hits roadblock
Mumbai: The strategic sale of Maharashtra Scooters (MSL), the joint venture between Bajaj Auto and Western Maharashtra Development Corpora-tion, may hit a roadblock with both partners unable to come to an agreement over the valuation.
Back to News Review index page  
Bajaj Auto to revamp supply chain
New Delhi: In an attempt to make its supply chain both cost efficient and more flexible, two-wheeler major Bajaj Auto has chalked out a detailed vendor management strategy that includes rationalising its current network, consolidating component volumes and enabling technology acquisition from overseas. 
Back to News Review index page  
Foreign investors to hike stake in Centurion Bank
Mumbai: Centurion Banks foreign equity holders ADB, IFC of Washington and Keppel of Singapore have agreed to raise their stakes. While they have committed to fresh investments once a strategic partner steps in, there are strong indications that they could chip in well before that happens. 
Back to News Review index page  
IndusInd Fin may divest stake in Hinduja group firms
Mumbai: Indusind Enterprises and Finance (IEFL), set to merge with the IndusInd Bank in a 1:1 share swap ratio, could divest its stake in other Hinduja group companies.
Back to News Review index page  
Crown Worldwide to pump $6 mn into India ops
New Delhi: Crown Worldwide Movers (CWM), part of Hong Kong-based $300-million Crown Worldwide Holdings (CWH), has set aside $6 million for expanding operations in the country. The investment will go towards setting up records management facilities in Delhi, Chennai and Hyderabad.
Back to News Review index page  
Cosmo Films controls 55% of BOPP market
Mumbai: Cosmo Films share in the biaxially oriented polypropylene (BOPP) domestic flexible packaging market has increased from 35% to 55% after its merger with Gujarat Propack became effective on September 20, 02. 
Back to News Review index page  
IMRB goes international, changes name
Kolkata: It's the season of makeovers and it seems to have caught on to even the staid Indian Market Research Bureau, (IMRB). The countrys premier market research agency is in the process of rechristening itself as IMRB International. 
Back to News Review index page  
Want to track people real time?
Chennai: Events of the magnitude of the 9/11 attack pose a major challenge in tracking people missing. A lot of companies including Indian firms had a tough time in locating their employees feared to have been in the World Trade Centre at the time of the attack. For a couple of days there was not much information available to the companies on the missing people. 
Back to News Review index page  
Bollywood bigwigs to drive Escorts into hinterland
Mumbai: Amitabh Bachchan will now be seen astride the Escorts and Powertrac brands of tractors. Sunny Deol will attempt to reinstate Farmtrac. High voltage advertising, featuring the duo, is expected to break out soon in the print and TV media and for point of sale promotions. 
Back to News Review index page  
Keller award for NTPC, 2 others
New Delhi: The National Thermal Power Corporation Ltd (NTPC), Tamil Nadu-based Sakthi Trading Company and West Bengal-based Silence have been awarded for their policies and practices that provide equal rights and gainful employment to persons with disabilities. 
Back to News Review index page  
BSNL completes 2, yet no `navaratna' ring
New Delhi: Even as the country's largest telecom company, Bharat Sanchar Nigam Ltd (BSNL) gets all set to celebrate its second birthday on October 1 this year, it continues to be denied the `navaratna' status that would grant it more operational flexibility Pizza Corner has tied up with Nestle India to offer Nescafe, Nestea and Ice-tea at its regular dine-in outlets and the aroma of coffee is set to pervade select outlets across the country in another two weeks. And Pizza Corner is not alone in having to innovate to rule the taste buds. 
Back to News Review index page  
Channels waking up to late-night shows
New Delhi: Top Secret Beaches, Beach Hour, Star Trek, Lipstick, Kahin Kissi Roz...Just some of the late night serials to attract adult viewers. After pre- prime-time and post- prime-time, the focus of most television channels is now on the late-night hours. With even niche channels such as National Geographic, Discovery and even Hallmark turning their focus on these time segments, the general entertainment channels have not fallen behind. 
Back to News Review index page  
Have a pizza or two with coffee!
New Delhi: Pizza Corner has tied up with Nestle India to offer Nescafe, Nestea and Ice-tea at its regular dine-in outlets and the aroma of coffee is set to pervade select outlets across the country in another two weeks. And Pizza Corner is not alone in having to innovate to rule the taste buds. 
Back to News Review index page