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PwC
buys Andersen's Global Best Practices
Kolkata: PriceWaterhouseCoopers has bought intellectual
property, trademarks, related technologies and hired the
staff of Global Best Practices from Andersen Worldwide.
Andersen's GBP is now therefore a global business unit
of PwC across the world, including India.
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BPCL
sell-off unlikely this financial year
New Delhi: The Finance and Heavy Industry ministries
have endorsed a revived Petroleum Ministry proposal to
stagger the divestment of Bharat Petroleum Corporation.
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Daksh
gets $21 mn VC funding
New Delhi: Daksh eServices has closed its third
and final round of venture funding at around $21 million
from General Atlantic Partners and Citibank. Of this,
General Atlantic has brought in $18 million and Citibank
around $3 million.
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Film
makers take Road to greed
Mumbai: Zee's aggressive buying of new film releases
has sparked off stiff competition from other channels,
giving a much-needed boost to the ailing film industry.
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DRT
order restrains Essar Shipping ops
Mumbai: The Debt Recovery Tribunal (DRT-II, Mumbai)
has granted interim relief to IndusInd Bank by restraining
Essar Shipping Ltd freedom in its operations.
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TFL
case adjourned to amend complaint against Dilip Pendse
Mumbai: In light of the prima facie findings of
Sebi and the submission of 34 box files of findings of
the Economic Offences Wing of the Mumbai police, TFL requested
for, and was granted an adjournment to amend their civil
case plaint against ex-TFL managing director Dilip Pendse
and others at the case’s hearing in the Mumbai High
Court on Friday.
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PowerGrid
warns of grid collapse as SEBs ignore frequency issues
Kolkata: PowerGrid Corporation has warned of a
grid failure if the constituent state electricity boards
fail to operate the grid between 49 and 50.5 Hz despite
a record hike in power demand at 29,000 mw in the region.
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Southern
fizz: Sakthi Sugars to bottle drinks for Coca-Cola
Chennai: Coca-Cola has a new company to bottle
its drinks in the south. The Rs 422-crore sugar industry
major Sakthi Sugars is setting up a new plant to pack
the fizzy drinks just for Coca-Cola. And the deal is a
win-win for both.
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Sahara
pays Rs 115 crore for Centaur Airport Hotel
Mumbai: The Sahara India Group, has bought over
the Centaur Airport Hotel from the Delhi-based Batra Hospitality
for Rs 115 crore. The deal, which was announced on Thursday,
includes the Centaur Airport Hotel in Mumbai, six flats
in Andheri east and dealership of a petrol pump across
the hotel.
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Boston
Scientific, testing DRL’s drug for restenosis
Hyderabad: Dr Reddy’s Laboratories (DRL) has
joined hands with Boston Scientific, a leading Canadian
stent manufacturer, for testing DRL’s new compound
for restenosis the reclogging of arteries often induced
by surgery like angioplasty.
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Major
brands target men's accessories now
Mumbai: And you thought accessories are all about
women. But its time men do a style-check too! With leading
brands like Arrow, Titan, Excalibur, Flying Machine and
others extending their line to include men's accessories
the domestic market for male dressing is definitely on
the rise.
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Lee
Cooper 'watch'es out for local JV
New Delhi: The US apparels major Lee Cooper is
all set to launch its range of watches and stationery
in the country, under the Lee Cooper brand name. The US
major's Indian licensee, Indus Clothing, is in talks with
a number of companies for forming a joint venture to assemble,
distribute and market watches in India. The deal is expected
to be finalised in a couple of months.
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Try
chewing on this: Coffee gutka’s here
Gandhinagar: Within weeks of the ban on tobacco-based
gutka in one state after the other, the Gujarat Co-operative
Milk Marketing Federation and India’s Coffee Board
have put their heads together to explore the potential
for a coffee-based gutka where the stimulant is caffeine.
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Sathavahana
Ispat shuts down plant for repairs
Hyderabad: Sathavahana Ispat Ltd (SIL), the Hyderabad-based
Rs 94-crore pig iron and granulated slag manufacturer,
has decided to temporarily shut down its plant, located
at Haresamudram in Anantapur district of Andhra Pradesh,
to carry out repairs.
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Eicher
opens workshop in Kochi
In a move to strengthen its presence and operations in
the South, Eicher Motors Ltd has opened a modern workshop
and dealership in the State. The workshop is located in
Kochi while the new dealership, the fourth one in the
State, will be at at Kottayam.
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ONGC-MRPL
deal to be reviewed
New Delhi: The Government is set to review the
proposed acquisition of Mangalore Refineries and Petrochemicals
Ltd (MRPL) by Oil and Natural Gas Corporation (ONGC).
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Panel
for greater disclosure of intra-group transactions
New Delhi: Companies may soon have to disclose
the identity of lenders from whom they have borrowed monies
either directly or indirectly.
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Havell's
India in marketing pact with Dubai co
Kochi: Havell's India Ltd, one of the leading manufacturers
of low voltage electrical distribution products in the
country, has entered into a tie-up with the Dubai-based
Bahri & Mazroei Trading Company (BMTC) for marketing
electrical products in West Asia.
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VSNL,
ITXC in long-distance pact
Thiruvananthapuram: Videsh Sanchar Nigam Ltd (VSNL)
and ITXC Corp, an international wholesale voice carrier,
have announced that VSNL will implement long distance
services with ITXC.
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Satyam
ties up with Inktomi
Hyderabad: Satyam Computer Services Ltd has announced
an alliance with Inktomi Corporation, the US-based NYSE-listed
provider of information retrieval solutions.
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BIFR
dismisses Siris India reference
New Delhi: The Board for Industrial and Financial
Reconstruction (BIFR) has dismissed the reference of Andhra
Pradesh-based Siris India Ltd (SIL). The reference was
dismissed on account of the delay of nine days on the
company's part in filing the duly completed application
on the basis of its audited balance-sheet as on March
31, 2001, the BIFR Bench said.
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Hooghly
bridge dues dog BBJ
Kolkata: It took 20 years to complete and now a
decade after, the Second Hooghly bridge is giving sleepless
nights to the company that helped complete it - the public
sector Braithwaite Burn and Jessop Construction (BBJ)
company.
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LG
Electronics to invest Rs 500 cr in Indian arm
Pune: Consumer electronics and home appliances
manufacturer, LG Electronics Ltd, will invest approximately
Rs 500 crore in its India operations over the next three
years to rapidly expand its capacities and product portfolio,
K.R. Kim, Managing Director told the newspapers here.
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`South
emerging market for laser printers'
Chennai: The small and medium enterprises (SME)
and desktop publishing (DTP) are the two segments which
have contributed to the growth of the laser printers,
according to Mr Anish Srikrishna, Country Product Manager,
Samsung Electronics India Information Telecommunications
Ltd (SEIIT).
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Taj
group looking to expand Gulf presence
Abu Dhabi: The Taj group of Hotels, Resorts and
Palaces is keen to expand its presence in the Gulf and
is looking seriously at a beach resort in Dubai's upscale
Jumeirah area, following the good growth in business registered
by the Taj Palace Hotel in downtown Dubai, according to
a senior official of the Group.
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Mott
MacDonald's Indian arm to be developed into a hub
New Delhi: Mott MacDonald, the British engineering,
management and business consultancy firm, wishes to develop
its Indian outfit into a hub to cater to bulk of its industrial
consultancy work throughout the world.
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Eicher
Motors vehicle sales up 47% in Sept
Kochi: Eicher Motors Ltd, leading manufacturer
of trucks and buses, has recorded a growth of 47 per cent
in the sale of commercial vehicles during the month of
September this year over the corresponding month last
year.
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