Cargill
eyes commodity bourses
Chennai: US commodities giant, Cargill, plans to
trade on various commodities exchanges. The US firm's
participation will be through its 100 per cent Indian
subsidiary, Cargill India Pvt Ltd.
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Infosys
seeks FIPB nod for ADR issue
New Delhi: Infosys Ltd has filed an application
with the Foreign Investment Promotion Board seeking approval
for its plan to sponsor an internal American Depository
Receipts (ADRs) offering against existing equity shares
held by domestic shareholders.
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BHEL
unit launches ERP module
Hyderabad: BHELsRamachandrapuram unit has
put into operational mode its enterprise resource planning
(ERP) module in its gas turbine section.
It
was formally launched on Tuesday by the Executive Director,
Mr A.N. Jagadeeswaran, and representatives of the IBM.
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Bayer's
100% arm among 23 FDI proposals cleared
New Delhi: A major proposal from German fertilisers
and pesticides major Bayer Crop Science AG to convert
Mumbai-based Aventis Crop Science India into a 100% subsidiary
by bringing in an investment of Rs 74 crore was among
the 23 FDI proposals worth Rs 107 crore cleared by commerce
and industry minister Arun Shourie on Tuesday. Currently,
Bayer Crop Science holds 67.08% equity stake in Aventis.
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Infy
results on January 10
Bangalore: Infosys Technologies Ltd has informed
the BSE that the board of directors of the company is
scheduled to meet on January 10 to consider the audited
financial results of the company for the third quarter
ended December 31,2002.
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Tatas
see early end to Jharkhand land dispute
Jamshedpur: The Tatas are expecting the dispute
with the Government of Jharkhand over the lease of part
of their land in Jamshedpur to be resolved by early 2003.
Mr
A.N. Singh, Deputy Managing Director of Tata Steel, said
the group was awaiting a settlement with the State authorities
concerning renewal of lease. "We expect a positive
development on this front by February,'' he told newspersons
on the sidelines of a meeting held in the Steel City on
Monday.
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NTPC,
IOC bag SCOPE awards
New Delhi: National Thermal Power Corporation and
Indian Oil Corporation have won the gold trophies of SCOPE
awards for Excellence and Outstanding Contribution to
the Public Sector Management for the years 2000-1 and
2001-02 respectively in the institutional category. Silver
trophies for the Turnaround category went to Rashtriya
Ispat Nigam Ltd (RINL) and Electronics Corporation of
India (ECIL) for the years 2000-01 and 2001-02 respectively.
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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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SCI
Selloff Only In Next Fiscal
The disinvestment of public sector shipping giant Shipping
Corporation of India (SCI) will have to wait longer. The
disinvestment, which was expected to take place before
March 31, 2003, is now expected to happen only in the
next fiscal.
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VisualSoft
develops mobile solutions
Hyderabad: Visualsoft Technologies Ltd has developed
a range of mobile functions that support systems integrators
and enable them to offer mobile solutions for diverse
applications in the convergence era.
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Eonour
gets GATI, Hyundai projects
Mumbai: System Telecom and Data Services (STADS),
a 100 per cent subsidiary of Eonour Technologies Ltd,
has been signed in by GATI Corporation, the Hyderabad-based
cargo carrying company, for a system integration assignment.
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Ram
Informatics bags AP project
Hyderabad: Ram Informatics Ltd, the Hyderabad-based
software company, has bagged the Andhra Pradesh Government
mandate to develop a social welfare benefit management
system to administer and monitor various welfare programmes
targeted at backward classes.
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CMC
develops sports management software
CMC Ltd, which is now part of Tata Consultancy Services
(TCS), announced that it has developed a Games Management
Software that facilitates management of mega sporting
events by processing large data and helps disseminate
information.
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