NCL developing 3 chiral drug compounds
Bangalore:National Chemical Labs, Pune, is developing three chiral drug compounds, which are expected to be in the market by this year-end. These are anti-asthmatic R-Salbutamol, anti-histamine Citrizine and beta blocker Atenolol.

Back to News Review index page  

Ashok Leyland unveils new tipper truck
Mumbai:Commercial vehicles major, Ashok Leyland Ltd today unveiled a new tipper truck ahead of `Build India 2003,' scheduled to start here from January 9. The truck - India's first twin bin two-way tipper - is called `Rubic.' Unlike traditional tippers, Rubic has two bins - each of seven cubic metres capacity - that tip sideways independently.
Back to News Review index page  

NFCL board reconstituted
Hyderabad: The board of directors of Nagarjuna Fertilisers and Chemicals Ltd (NFCL), the Hyderabad-based pesticides and fertilisers manufacturer, has been reconstituted. In a communiqué to the stock exchanges on Tuesday, the company said the Chairman of KRIBHCO, Mr Chandra Pal Singh Yadav, has been appointed as nominee director of KRIBCO on the company's board from December 23, 2002.
Back to News Review index page  

ECIL to get SCOPE award
Hyderabad: The Electronics Corporation of India Ltd (ECIL) has been selected for the SCOPE award for excellence and outstanding contribution to the public sector management in the turnaround category for the year 2001-02.
Back to News Review index page  

Ayurvedic excellence award for Taj group
Kochi: In recognition of its quality, purity, authenticity and the ayurvedic care rendered to the tourists, the State Government has given the `Green Leaf' award to the full-fledged ayurvedic centres attached to the four hotels of the Taj group in Kerala.
Back to News Review index page  

Grasim plans L&T stake swap with FIs
Mumbai: The Aditya Birla Group flagship Grasim Industries has drawn up an alternative proposal for the demerger of Larsen & Toubro's (L&T) cement business which envisages Grasim swapping its 15 per cent holding in L&T for L&T Cement shares owned by financial institutions (FIs).
The three-step vertical demerger proposal has Grasim finally ending up with a 50 per cent stake in the demerged cement company, following an open offer for another 20 per cent, and shedding its entire stake in L&T through the swap.
Back to News Review index page  

Hindalco, Indo Gulf Rejig By Fiscal-end
Mumbai: The corporate restructuring announced by AV Birla group companies Hindalco Industries and Indo Gulf in July last year, involving the merger of Birla Copper with Hindalco, is expected to be completed by March 31, 2003.
Back to News Review index page  

Hughes Telecom cuts net loss
Mumbai: Hughes Tele.com (India) Ltd reported a net loss of Rs 21.8 crore for the quarter ending December 2002 against a net loss of Rs 37.3 crore in the year-ago period. The company has announced a 133 per cent increase in operating profit at Rs 16.3 crore for the quarter ended December 2002 against Rs 7 crore in the year-ago period.
Back to News Review index page  

Long-distance without airtime charges from BPL
Kochi: BPL Mobile has introduced the Hello World feature for its post-paid subscribers to enable them to make international calls without airtime charges.
Back to News Review index page  

Infosys to set up development centre in Kerala
Bangalore: Infosys Technologies has decided to set up a development centre in Kerala, said the Kerala Chief Minister, Mr A. K. Antony, speaking to presspersons today.

He met the Infosys Chief Mentor, Mr N. R. Narayana Murthy, and the board of directors this morning. The company is looking at 25 acres of land for its centre, he said.
Back to News Review index page  

Indian Oil To Go Ahead With Paradip Refinery Project
Mumbai: Indian Oil Corporation (IOC) is set to go ahead with its nine-million-tonne Paradip Refinery in Orissa following the completion of a feasibility study by IDBI's merchant banking division.
Back to News Review index page  

Symphony to invest $50 m; eyes acquisitions
Bangalore: Symphony Technology Group, a $300 million technology fund, which bought out Cambridge Technology Partners' India operations recently, will invest $50 million over the next five years, the Chairman, Mr Romesh Wadhwani, said.
Back to News Review index page  

Satyam, BaaN form alliance for commerce solutions
Hyderabad: Satyam Computer Services Ltd and BaaN have formed a strategic alliance to deliver collaborative commerce solutions.

Under this initiative both the companies will together deliver solutions that combine Satyam's strategic consulting and implementing services with BaaN's iBaan suite of business solutions in the Indian and ASEAN region.
Back to News Review index page  

3rd Agenda may wind up
Chennai: Agenda Netmarketing Pvt Ltd, popularly known as "3rd Agenda", a city-based Web solutions company, is on the verge of winding up operations.

It may be recalled that the SSI Ltd had invested Rs 3.6 crore for an 80 per cent stake in Agenda Netmarketing in 2000. SSI had revenues of Rs 264.28 in 2001-02.
Back to News Review index page  

Pentasoft, ProtechSoft enhance ties
Chennai: The city-based Pentasoft Technologies and the US-based ProtechSoft Inc have enhanced their relationship and would jointly market products in the Middle East and South East Asian countries.
Back to News Review index page  

Satyam centre in Canada
Hyderabad: Satyam Computer Services has joined Infosys and Wipro in increasing India's IT presence in Canada.

Its operations at the newly created Solutions Development Centre in Toronto will get underway soon, according to Mr Sanjay Tugnait, Vice-President and newly appointed Country Manager. A business plan to target Canadian companies, especially in the manufacturing and financial services sectors has been firmed up and would be put in place, Mr Tugnait told newspersons here. With Canada being a member of the G7 nations and having a trillion dollar economy, a Solutions Development Centre would give the company good opportunities. The centre would also cater to the US market, he said.
Back to News Review index page