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Jisco
resumes HR plates operations
New Delhi: Jindal Iron and Steel Company Ltd (Jisco)
has restarted its hot-rolled plate operation. Jisco had
earlier shut down its HR plate operations after prices
for HR plate dropped sharply, making it economically unviable
for commercial production.
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China
Airlines offers new package in India
New Delhi: Taiwan’s leading airline, China
Airlines has launched is frequent flyer program Dynasty
Flyer in India.
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IOC
to start Mauritius operations next year
New Delhi: Indian Oil Corporation, is starting
Mauritius operations in September 2003, the executive
director of Eastern Region of IOC, BK Mittal.
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BSNL
set to start broadband service in Kolkata
New Delhi: Commercial operations of Bharat Sanchar
Nigam Limited’s first broadband service to provide
high speed internet, video on demand, satellite TV and
video conferencing through a single telephone line, would
begin in the metropolis on January 26 next year.
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IAAI
eyes Rs 80 cr saving in fuel costs from slum rehabilitation
Mumbai: Eight acres of the International Airport
Authority of India's (IAAI) land in Mumbai has been cleared
of slums, allowing the crucial expansion of the landing
and pre-takeoff taxing area. This will save Rs 80 crore
per month in aviation fuel and reduce waiting time for
aircraft by over 50 per cent.
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IDBI,
IFCI packages ready; banks, FIs to take a big hit
New Delhi: The Finance Ministry has finalised the
restructuring package for IDBI and IFCI. As per the plan,
banks and financial institutions will take a big hit as
they are the stakeholders in both the institutions.
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Interra
IT of US launches software for local market
Kolkata: Interra IT India, the wholly-owned subsidiary
of California-based Interra IT, a diversified enterprise-based
IT solution provider in the US, is for the first time
addressing the domestic market with new products and services
in areas of e-governance.
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Iffco
plans gas purchase from Reliance Industries
Mumbai: Fertiliser co-operative Iffco is looking
at buying gas from Reliance Industries at $3 per million
btu, once Reliance starts commercial sale of the gas it
has struck in the Krishna-Godavari basin.
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Amway
to tone up healthcare brand in India
New Delhi: Move over from disease management to
health management. Direct selling company Amway India
is sprucing up its global healthcare brand Nutralite in
India. Growth and awareness levels have prompted the company
to build on specialised categories, product extensions
and provide a huge marketing push to its over Rs 230 crore
brand here.
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Jet
Air to offer satellite printing
New Delhi: Jet Airways has decided to offer a satellite
printing facility to its corporate customers through a
tie-up with Galileo India. The new facility would allow
agents to book tickets on Jet Airways and deliver them
to corporates electronically, to be printed at the premises
of the customer.
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Zee
shares to be pledged with CSFB - Subhash Chandra to raise
$40-m loan via OCB
New Delhi: In a major move to raise funds, the
Subhash Chandra group has finalised plans to pledge equity
shares of Zee Telefilms Ltd with the Zurich-based Credit
Suisse First Boston Corporation (CSFBC) for a three-year
term loan of $40 million.
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Polaris
to write off $1 m on `Indonesian safari'- Board for legal
action against Bank Artha Graha
Chennai: Polaris Software Lab Ltd plans to write
off about $1 million on the Bank Artha Graha-related expenses.
This included about $6,60,000 Polaris got from the bank
for the order and legal expenses, Arun Jain, Chairman
and Managing Director and CEO, said.
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Gestetner
board okays revamp plan for Nasik plant
Mumbai: The board of directors of Gestetner India
Ltd has accorded permission to the company's Managing
Director to take any measure for restructuring, including
closure of manufacturing operations at Nasik.
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Oppenheimer
buys 12.6% stake in SB&T
New Delhi: Oppenheimer Funds has acquired from
the market 16.98 lakh equity shares of jewellery manufacturer
SB&T International, representing 12.58 per cent of
the company's capital, an official statement said.
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Polaris
board okays merger with Orbitech
Chennai: The shareholders of Polaris Software Lab
Ltd on Monday approved the scheme of amalgamation between
the company and Oribtech Solutions Ltd. The approval was
given at an extra-ordinary general meeting (EGM) convened
by Polaris here.
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LG
plans to invest $7 million in life science venture
New Delhi: The Korea-based LG group has finalised
plans to invest approximately $7 million in its Indian
life science venture, LG Life Science India Pvt Ltd.
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Tata
Steel to focus more on sustainable development
Mumbai: Tata Steel is looking at further conforming
to `triple bottomline reporting' standards that will cover
various economic, environment and social aspects.
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IOC
launches high-end fuels in Kolkata
Kolkata: Indian Oil Corporation (IOC) today launched
two new branded petro-fuels in Kolkata, Durgapur and Siliguri.
The branded petrol is called IOC Premium while the branded
high speed diesel has been christened Diesel Super.
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