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Tata
Infotech acquires 40 per cent stake in Sitel India
Mumbai: Tata Infotech Ltd has acquired 40 per cent
of the equity capital of Sitel India Pvt Ltd for an investment
of about Rs 10.5 crores, according to Tata Infotech officials.
Sitel India is a company in the IT enabled services business
which focuses on call centre services.
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Tata
Steel aims to double local buying in 3 years
New Delhi: Tata Steel, in a move to develop local
vendors for procurement of goods and services, as also
for outsourcing many of its non-core activities, is looking
forward to the participation of local entrepreneurial
units in a big way in its growth plans for the coming
years.
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Kerala
soaps gets closure notice from govt
Kochi: The final nail has been struck on the Kerala
public sector unit Kerala Soaps and Oils Ltd in Kozhikode
with the government notifying its closure and orders to
have a VRS for the staff and begin steps to sell off the
assets.
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Tatas,
Birlas, Ambanis have a date with 28/12
Mumbai: Coincidences don't come bigger than this.
On December 28, at a time when most of India Inc. is usually
in holiday mode, the country's three biggest corporate
groups have a date with the future.
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DD
to pay 80 per cent of Cup ad revenue to rights holder
Mumbai: Doordarshan and the Global Cricket Corporation,
which holds the telecast rights for ICC World Cup cricket
tournaments, have hammered out a deal whereby GCC will
get 80 per cent of the advertising revenue, while DD will
get the remaining 20% towards network fees.
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Skoda,
ICICI Bank tie up to finance cars
Mumbai: The price wars in cars now spill over to
the finance sector, triggered by Skoda Auto. The Czech-German
car maker has partnered with the ICICI Bank to offer what
it calls the 'Skoda Monthly Instalment' (SMI) instead
of an equated monthly instalment, for its cars, priced
between Rs 10.6 lakh to Rs 12.3 lakh, ex showroom, Pune.
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DRL
wins patent spat with Pfizer
Hyderabad: Reddy's Laboratories, India's fifth-largest
drugmaker by marketshare said it had fought and won a
patent dispute in the US against Pfizer, the world's top-selling
drugmaker.
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McDowell
to lease foreign brands for Indian market
Mumbai: McDowell & Co Ltd, the flagship spirits
company of the UB group, is looking to lease in perpetuity
some brands from international spirits companies for sale
in the country.
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Govt
sets Jan 6 for Nalco due diligence
New Delhi: Nearly two months after a team from
Hindalco was prevented by Nalco employees from conducting
due diligence at the plant, the government has decided
to press ahead.
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The
Indigo is Rs 4.35 lakh
Mumbai: The new mid-size car from Tata Engineering,
the Indigo, will cost Rs 4.35 lakh (ex-showroom, Delhi)
in its cheapest version, the base petrol model.
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CESC
to rework accounts after AGM with new rates
Kolkata: CESC Ltd, the RPG-controlled power utility,
will begin reworking its accounts on the basis of the
rates announced by the West Bengal Electricity Regulatory
Commission (WBERC).
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Max
institute gets ADB's healthcare loan
Mumbai: Max Healthcare Institute Ltd has been sanctioned
the first ever private sector healthcare loan of $20 million,
approximately Rs 98 crore, by Asian Development Bank (ADB).
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Cummins
filters come under Fleetguard brand
New Delhi: To make deeper inroads into the original
equipment manufacturer (OEM) and the after-market segments,
Fleetguard Filters India Pvt Ltd has decided to put Fleetguard
filters in place of the current Cummins filters.
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Ashok
Leyland launches new range of heavy vehicles
Chennai: Ashok Leyland, the flagship commercial
vehicle manufacturer of the Hinduja group, has announced
the launch of its new range of heavy commercial vehicles
(HCVs) powered by its `H' (Heno) series engine.
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MRF
bags FICCI award for sports
New Delhi: MRF Ltd has been given the "Outstanding
corporate sports initiative" award by the Federation
of Indian Chambers of Commerce and Industry for 2001-02.
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Ind-Swift
board okays merger with 2 group cos
New Delhi: The Chandigarh-based pharma company,
Ind-Swift Ltd, has set rolling its initiative towards
consolidation of operations, as part of its preparations
for the post-patent regime, come 2005.
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Greaves
plans tie-ups abroad
New Delhi: The Rs 600-crore Greaves Ltd has announced
plans to tie up with Gomaco, US, leaders in concrete paving,
Soilmec Spa, Italy, for piling machines, and Extec, UK,
for crushers, impactors and screens.
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TVS
Victor sales cross 3-lakh mark
Mumbai: TVS Motor Company, yesterday announced
that the sales of "TVS Victor" have crossed
300,000 units in sales in less than 16 months.
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