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Multimedia
solutions centre in Mangalore
Mangalore: A complete multimedia solutions centre,
CAD Media, which incorporates a comprehensive range of
recording, editing and production equipment, will be available
in Mangalore from 7 November 2002.
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CII
working on 'green' directory
New Delhi: The Green Business Centre of the Confederation
of Indian Industry is launching an exercise to produce
a directory of companies manufacturing green (environment-friendly)
products or providing green services.
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NIIT,
AirTel tie up for Computer Literacy Day
Mumbai: On the occasion of World Computer Literacy
Day, NIIT intends to bridge the digital divide in the
country by offering subsidised computer training programmes.
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Kirloskar
Electric declared sick
New Delhi: The Board for Industrial and Financial
Reconstruction has accepted the petition of Kirloskar
Electric Company Ltd, pleading sickness.
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Indo
Rama output, sales rise in October
New Delhi: Indo Rama Synthetics (India) Ltd has
reported a total production of 31,327 tonnes for the month
of October 2002 as against 29,508 tonnes in September
2002, while sales volume for October was 35,638 tonnes
against 33,759 tonnes in the previous quarter in the corresponding
year.
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Kinetic
sales increases 19% in October
Mumbai: Kinetic Engineering has announced a strong
growth of 19 per cent to 28,450 units in October 2002
over the same month last year.
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LG
sells 20,000 colour TVs in AP
Hyderabad: LG Electronics India Pvt Ltd has sold
more than 20,000 colour television sets in October in
Andhra Pradesh, a record for any TV manufacturer.
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FIs
may join forces to increase holding in L&T
Mumbai: Financial institutions may spring a surprise
on the market in case of Larsen & Toubro, the cement
and engineering major for which Aditya Birla group company
Grasim is making an open offer.
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Reliance
Infocomm gets prefix '3'
Mumbai: Reliance Infocomm has been allotted an
exclusive 'level 3' prefix for its 18-circle basic services
numbering plan. Top sources in the Union communications
ministry confirmed that all "Reliance Infocomm fixed-line
numbers would be prefixed with the digit 3."
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Top
agencies vie for Reliance Infocomm ad a/c
Mumbai: Reliance Infocomm, the Rs 25,000 crore
convergence project from the Reliance group, is in the
process of inviting advertising agencies to pitch for
its business. And top agencies are vying for the coveted
deal.
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RIL
Gas hunt to move East by next year
Mumbai: After the major gas discovery in the NELP-1
in Krishna Godavari offshore, Reliance Industries proposes
to commence development operations in the offshore blocks
of East Coast of India, by next year.
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Bajaj
Electricals wants greater fan market pie
Mumbai: Bajaj Electricals, the Rs 417-crore company
from the Bajaj group, which is consciously moving from
a trading to a manufacturing company, has decided to give
a major thrust to its fan business.
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Apollo
Tyres set to clinch strategic alliance with MRL
New Delhi: Apollo Tyres Ltd is likely to announce
a strategic alliance culminating in acquisition of Modi
Rubber Ltd’s cross ply tyre manufacturing unit within
the next one week.
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Fare
hike unlikely to hit traffic this tour season
Mumbai: A rise of 10 per cent in airfares is expected
to hit domestic air travel only marginally. According
to the travel fraternity, with the tourism season on an
upswing, domestic air travel bookings will be hit by 2-5
per cent only.
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Bata
India Q3 loss at Rs 8.5 crore
Mumbai: Bata India on Thursday announced a net
loss of Rs 8.5 crore in the third quarter ended 30 September
2002 compared to Rs 4.2 crore in the corresponding period
last fiscal.
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UB,
Deepak Roy the only suitors for Green Label
Mumbai: Only United Breweries, the No 1 spirit
and beer company in India, and Deepak Roy, the former
president of UDV's South Asia and Baltic region, are left
in the fray to buy Gilbey's Green Label whisky, UDV's
prized Indian brand that sells nearly 20 lakh cases a
year.
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A-I
in talks with Sky Team for global
alliance
New Delhi: Air-India has started scouting for a
global alliance partner who can significantly improve
its access to and within US and Europe. And Sky Team is
one.
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New
emission norms to cost auto, petro firms Rs 55,000 cr
New Delhi: The automotive and petroleum sectors
would have to cough up a cumulative Rs 55,000 crore in
upgrading infrastructure and technology to meet the emission
norms prescribed by the new auto fuel policy.
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Voltas
plans 100% China arm to tap export market
Mumbai: Voltas, the Tata group company, has decided
to set up a wholly-owned subsidiary in China to address
opportunities in both component sourcing and exports.
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Voltas
plans to cut 600 jobs
Mumbai: Voltas plans to cut manpower by around
600 and says it would be comfortable with a workforce
of 3,500 versus 4,200 now.
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Tata
Safari just got dearer by Rs 40,000
Mumbai: Tata Engineering (Telco), the country’s
largest truck maker, has hiked prices of its premium end
SUV Safari by Rs 40,000, after some cosmetic changes on
the vehicle.
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