BSES hints at discontinuing distribution business in Orissa
Mumbai: Mumbai-based utility major BSES Ltd has threatened to withdraw from the power distribution business in Orissa.
Back to News Review index page  

Goldstone Tech to pick 10 per cent in US firm to boost BPO
New Delhi: Keeping in mind the growing demand for outsourcing and to provide a major platform for its BPO subsidiary in the US markets, Goldstone Technologies Ltd has decided to acquire 10 per cent stake in a Nasdaq-listed company with an option to acquire another 10 per cent.
Back to News Review index page  

Ratan Tata steps down from executive position
Mumbai: From his current position of executive chairman of the Tata Group, Ratan Tata has been appointed as non-executive chairman with effect from Sunday, December 29. Having turned 65 on Saturday, Tata will no longer hold the executive office.
Back to News Review index page  

McKinsey pegs AC industry growth at 50 per cent by ’07
New Delhi: With initiatives from the industry and the government, the growth rate of the air conditioner industry, which is currently 20 per cent, could zoom to almost 50 per cent with sales of more than Rs 11,000 crore by 2007.
Back to News Review index page  

Coca-Cola reduces soft drinks prices in Mumbai
Mumbai: Coca-Cola India on Friday announced a reduction in the retail prices of its carbonated soft drinks, namely Coke, Thums Up, Limca, Sprite and Fanta in the Mumbai market.
Back to News Review index page  

Now JK Tyre takes on MRF - Writes to Advertising Council
New Delhi: JK Tyre has disagreed with the decision of the Advertising Standards Council of India (ASCI) that held the claim "JK Tyre The No 1 tyre manufacturer" in an advertising campaign of the company as "misleading".
Back to News Review index page  

BPL arm gets quality award
New Delhi: BPL Display Devices Ltd (BDDL) has been presented with the Rajiv Gandhi National Quality Award, 2001 in the field of electrical and electronics industry.
Back to News Review index page  

Calibre Rehabs to acquire Saptarishi Agro
New Delhi: The acquisition by Calibre Rehabs, a sister concern of the Chandigarh-based leading mushroom exporter, Agro Dutch Industries Ltd, of Saptarishi Agro Industries Ltd is expected to help Saptarishi's prospects, according to industry sources.
Back to News Review index page  

Bhushan Ltd looks for special sops from Bengal
New Delhi: Bhushan Ltd, which plans to set up a Rs 2,000-crore sponge iron plant and hot strip mill in West Bengal, has asked for a package of special incentives.
Back to News Review index page  

Orchid Pharma hopes investments will pay off by year-end
New Delhi: After a few years of large investment in the backdrop of declining profit, Orchid Chemicals & Pharmaceuticals Ltd expects the pay-off for the investment to come by the end of the current financial year.
Back to News Review index page  

Apollo Hospitals aims to manage 10,000 beds
Chennai: Apollo Hospitals is looking at managing hospitals for other promoters as an important avenue for growth. In March 2002, Apollo managed 5,095 hospital beds, of which 1,902 beds were managed on behalf of other hospitals.
Back to News Review index page  

Reliance opens another line with Infocomm launch
Mumbai: The drab and grubby corner of Navi Mumbai, where Reliance Infocomm has its headquarters, got a boost of glamour and power on Friday when a string of leading industrialists, politicians and bankers turned out in strength to watch Reliance unveil its wireless in local loop mobile services.
Back to News Review index page  

Birlas close to deal with FIs over L&T
Mumbai: FIs, it now appears, are open to the alternate restructuring plan for L&T, as proposed by the Aditya Birla company, which involves a vertical split of the company's cement business.
Back to News Review index page  

Reliance Info bets on indigenous corDECT
Mumbai: Amidst the hype of Reliance Info launch what went completely unnoticed was that the network inaugurated by Union Communications Minister Pramod Mahajan used corDECT handsets and switches in Chorwad, Dhirubhai Ambani’s birth place.
Back to News Review index page  

Hudco invests Rs 150 cr in defaulting state bodies
New Delhi: Housing and Urban Development Corporation (Hudco) has done it again. The state-owned urban development body has reportedly invested Rs 150 crore in Maharashtra government-sponsored irrigation projects, which have been in the news for defaults.
Back to News Review index page  

Reliance Infocomm revises rates to 40 paise per minute
Mumbai: Reliance Infocomm has revised its rates to 40 paise per minute, at a 15 second pulse, from the initial 20 paise per minute, after Trai mandated that all incoming calls have to be free as per the conditions.
Back to News Review index page  

Bend-Pak of US to pick up 60 per cent stake in Pneumatic Power Tools
New Delhi: Bend-Pak Inc. of the US has offered to take 60 per cent stake in a West Bengal based medium sector machinery and tools manufacturer diversifying into production of standard pit lifts.
Back to News Review index page