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Maharashtra
taps SBI caps, TPC in power privatisation
Mumbai: The Maharashtra government held an informal
talk with Tata Power Company and SBI Caps to know the
Delhi experience for taking necessary steps for the proposed
privatisation of power distribution in Navi Mumbai and
Pune.
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O&M
bags 2 prizes at LIA Awards 2002
Mumbai: Ogilvy & Mather’s advertisement
for the Cancer Patients Aid Association, ‘Second
Hand Smoke Kills’ has won two Grand Prizes at the
London International Advertising Awards (LIA Awards),
2002, held on Monday night.
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Route
recast for A-I, IA underway
New Delhi: A route ratinalisation exercise has
been undertaken so that both the Air-India and Indian
Airlines give good competition to foreign airlines instead
of competing with each other.
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Microsoft
to invest Rs 500 cr in MIDC
Hyderabad: Chief of the Microsoft Bill Gates on
Thursday announced an investment proposal of Rs 500 crore
for the company's development centre in Hyderabad.
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Oberois
wink at Four Seasons to weather overseas market
Mumbai: After building hotels, PRS Oberoi, Managing
Director of the Oberoi Group is looking at co-branding
them. The group is learnt to have re-started negotiations
with Four Seasons hospitality chain for a marketing alliance
envisaging co-branding properties both in India and abroad.
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NIIT
acquires German IT services company AD Solutions
Mumbai: NIIT has acquired AD Solutions, a privately-held
IT services company with headquarters in Germany and subsidiaries
in Switzerland. This is NIIT's fourth acquisition this
year.
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Jindal
Strips to take over Salem Steel by November-end
New Delhi: Salem Steel, Sail's stainless steel
unit in Tamil Nadu, will finally be sold to Jindal Strips
by this month-end. Jindal Strips, the country's largest
stainless company and the lone bidder for the Salem plant,
has already started scouting for a long term supply arrangement
for ferro chrome, to meet increased requirement after
it bags Salem.
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Samsung
to step up focus on home
New Delhi: Samsung Electronics India, a subsidiary
of the $26-bn Korean giant Samsung Electronics, is on
a consolidation spree.
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VSNL
likely to launch STD services by December
Mumbai: VSNL is likely to launch its national long
distance (NLD) services by December, according to senior
industry officials. These officials added that VSNL was
already running trials of its NLD system. The sources
added that VSNL and Tata Teleservices will have to figure
out among themselves how these two services can benefit
each other.
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Car
sales move up just 4% in H1
Mumbai: While carmakers are coming out with new,
swanky models every other day, the report card for passenger
car sales in the first half of this fiscal shows just
a 4% rise in sales over the first half of '01-02.
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Ferguson
`cleared' of shredding charges
New Delhi: The accounting firm A F Ferguson, in
a statement issued here on Thursday, said that the firm
has got a clean chit from the Registrar of Companies (RoC),
Mumbai, on the charges of any shredding of records.
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Coke's
S-E Asia chief coming
New Delhi: Patrick T. Siewert, Group President,
East & South East Asia, the Coca-Cola Company, is
visiting India towards the end of this month. Mr Siewert
took over this position in September 2001.
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Open
offer for stake in Delta Paper - SEBI grants relief to
Laila group
Mumbai: The Securities and Exchange Board of India
(SEBI) has exempted the promoters of Vijayawada-based
Laila group from following certain key steps in making
an open offer to the shareholders of Delta Paper Mills
Ltd (DPML).
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Iridium
India seeks $200-m damages from Motorola
Bangalore: Indian investors to the failed satellite
phone project of Iridium LLC have sought damages topping
$200 million in compensation from global telecom major
Motorola Inc, the company said in its recent filings to
the Securities and Exchange commission.
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Assam-based
gardens come under Warren Tea
Kolkata: In a bid to re-align tea gardens on geographical
locations, the Warren Group of Vinay Goenka has decided
to transfer the Assam-based Tippuk Tea Estate from DPIL
Ltd, one of its group companies, to Warren Tea Ltd, another
group company.
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ONGC
to buy Cairns stake
New Delhi: The Oil and Natural Gas Corporation
(ONGC) board has approved a proposal to conduct due diligence
to acquire a significant portion of Cairns Energy's stake
in three production blocks, of which, it already has a
stake in both.
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Casting
flux powder for steel cos - Stollberg's Durgapur unit
ready for launch
Kolkata: Stollberg GmbH, Oberhausen, Germany, has
set up a Rs 27-crore plant in Durgapur to make casting
flux powder, an import substitute product.
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Growth
Talent to offer career transition services
New Delhi: Talent management firm, Growth Talent
Company Ltd, has tied up with the Nasdaq-listed $500-million
US-based Right Management Consultants, to add a new line
of business by introducing Right's globally acknowledged
Career Transitions Programme in the Indian market.
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Krishna
jute mill impasse continues
Eluru: The tussle between the management and the
unions of Sri Krishna Jute Mill here has remained unresolved
and more than 4,000 workers are in dire straits, as the
strike (and the subsequent lockout) has deprived them
of wages for more than a month.
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