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RIL
arm may rope in Gail for Kakinada-Goa Pipeline project
New Delhi: Gas Transportation & Infrastructure
Co Ltd, a company promoted by Reliance Industries Ltd,
is likely to undertake the proposed pipeline project from
Kakinada in Andhra Pradesh to Goa, by roping in Gas Authority
of India Ltd.
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Shourie
to announce HPCL, BPCL sale today, says Baijal
New Delhi: Disinvestment minister Arun Shourie
will make a statement on the oil sector divestment on
Monday, a decision which was stayed for three months,
according to a top ministry official.
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Taj
Group set to sign pacts with foreign firms for eco-tourism
Mumbai: Indian Hotels Company Ltd, the owners of
Taj group, will be signing a Memorandum of Understanding
with CC Africa and the Chaudhary group of Nepal, for the
hotel chain’s venture into eco-tourism and wildlife
resorts in January 2003.
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Infy
ADS offering cleared
Hyderabad: The Infosys Technologies board on Sunday
cleared the sponsorship of an international American Depository
Shares offering, against equity shares held by existing
shareholders in India at a price to be determined by the
lead manager to the offering.
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Sebi
personal hearing for Suez senior officials on December
14
Mumbai: The Securities and Exchange Board of India
has fixed December 14 as the date of personal hearing
for the top brass of French company, Suez Lyonnaise, after
the company submitted its response to the show-cause notice
served by the regulator.
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Concor
keen on coastal shipping; group co undertakes Haldia-Chittagaon
trials
New Delhi: Multi-modal logistics operator Container
Corporation of India (Concor), is exploring options of
foraying into coastal shipping following the trial runs
undertaken for a service from Haldia on the East coast
of India to Chittagaon in Bangladesh, through Dubai-based
Orient Express.
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ONGC
bids for Cairn wells in KG basin
New Delhi: The Oil and Natural Gas Corporation
has put in a bid for a stake in all of Cairn India’s
exploration assets, except those in Ravva, the Gulf of
Cambay and Rajasthan.
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Tech
trilogy: Reliance Info chalks out network plan
Mumbai: Reliance Infocomm, the IT arm of the Reliance
Group, will use three different technologies for rolling
out its network. Along with the fibre optic network, it
will use CDMA technology for limited mobility services.
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Entry
of fourth operators boosts subscriber base
Mumbai: Fourth operators have been responsible
for significant net additions during the past few months,
but in certain circles only, an analysis of the cellular
statistics indicate. October-end statistics show an increase
of more than a lakh subscribers across all circles due
to the entry of fourth operators.
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Nokia
plans R&D centre in India
Mumbai: The largest mobile handset manufacturer,
Nokia plans to set up a research and development centre
(R&D) in India. The company also plans to open a software
centre here, sources said.
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Idea
beeps in 75,000 users by Nov-end
New Delhi: Within three weeks of its launch in
Delhi, Idea Cellular, has attracted about 75,000 subscribers
by November-end, according to top sources in Idea. In
keeping with industry trends, about 65% of subscribers
are in the pre-paid category and the rest in the post-paid
category.
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Talwar
strikes back with bid for Centurion Bank
Mumbai: Rana Talwar's bid for Centurion Bank through
his Sabre Capital Worldwide marks the resurgence of the
banker-entrepreneur. The bank on Saturday announced that
Sabre Capital Worldwide Inc has commenced an exclusive
due diligence on the new private bank on December 7 and
will make an offer by the second week of January.
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Domestic
arm buys out Alcatel's stake in JV
Mumbai: In a unique case of local management buyout
of a MNC's Indian subsidiary, the $25bn French telecom
major Alcatel's division Alcatel Business Systems has
been bought out in India by the senior Indian management.
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Ranbaxy
told to submit details of anti-bacterial
New Delhi: The Drugs Controller General of India
(DCGI) has asked Ranbaxy Laboratories that the company
should provide certain additional information pertaining
to animal toxicological studies before its anti-microbial
molecule Ranbezolid (RBx 7644) could be considered for
clearance for clinical phase-1 trials.
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Autopartsasia,
US co form EOU
Chennai: Autopartsasia Pvt Ltd, the Chennai-based
Internet consulting company that specialises in global
trade of automotive components, has set up a 100 per cent
export oriented unit jointly with its client, Reliance
Parts Inc of the US
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Mico
automotive division to see 10 per cent growth
Bangalore: The auto-ancillary company, Mico Ltd,
expects sales of its automotive division to grow by 10
per cent in the financial year 2003, the General Manager,
Mr Luc Geerinck, has said. Automotive segment makes up
close to 95 per cent of Mico's sales.
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Encore
to scale up Simputer output
Bangalore: Encore Software Ltd, which jointly developed
simple handheld computer known as Simputer along with
a team of scientists from the Indian Institute of Science,
Bangalore, plans to scale up the production of the gadget
to 10,000 units a month by June next year.
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SAIL
output up in April-Nov
Kolkata: During the first eight-month period of
the current fiscal, Steel Authority of India Ltd (SAIL)
recorded substantial increase in production of both long
and flat products and is poised for record production
levels for the full year, according to a company sources.
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