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Kerala
receives Rs 7,000-crore investment proposals at GIM
Kochi: Memorandums of understanding worth over
Rs 7,000 crore were signed at GIM, held in Kochi, according
to the latest figures available.
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Indo
Rama ties up with German Banks for Rs 280-cr loan
New Delhi: Indo Rama Synthetics Ltd has tied up
with German banks -- IKB and DEG -- for a loan of Rs 280
crore for funding its proposed Rs 500 crore expansion
of its polyester staple fibre production capacity at its
Butibori plant near Nagpur in Maharashtra.
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Leela
Group proposes Rs 600-cr investment
Mumbai: The Leela group is to make a Rs 600-crore
investment in Kerala, according to Hotel Leelaventure
vice-chairman and managing director Vivek Nair.
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Reliance,
Bharti hammer out interconnect deal
Mumbai: Reliance Infocomm has skirted Trai territory
by building its own bridge into the domain of private
cell operators. It has fashioned an interconnect MoU with
large cell companies, passing up for now State-owned BSNL
& MTNL, the main carriers of calls emanating from
fixed-line and WLL networks.
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SSI
may pay Rs 45/share for Aptech stake
Chennai: The Chennai-based IT training and software
services company SSI is likely to acquire Atul Nishar's
27.47 per cent stake in Aptech Training in an all-cash
deal.
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St
Luke's bags account for NDTV's English channel
New Delhi: The Indian operations of the London-based
agency St Luke's has won the account for NDTV's soon-to-be-launched
English channel in a keenly contested pitch against Contract,
Leo Burnett, Grey and Euro RSCG.
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Maruti
drives downhill as rivals zip ahead
New Delhi: Strong competition from companies like
Hyundai, Tata Engineering, Mahindra and Mahindra and Toyota
has hit car market leader Maruti Udyog whose domestic
passenger vehicle sales fell by 4.3 per cent during April-December
'02.
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IDFC
plans Rs 300-cr support to Tata Tele
Mumbai: Infrastructure Development Finance Company
(IDFC) is looking at offering up to Rs 300 crore as short-term
financing facility to Tata Teleservices, which is operating
basic telecom services in Andhra Pradesh, Delhi, Gujarat,
Tamil Nadu, Karnataka and Maharashtra circles.
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Gujarat
NRE Coke to pay 1:2 bonus, 10 pc dividend
Ahmedabad: Encouraged by the buoyant financial
results for the year ended September 2002, the board of
Gujarat NRE Coke Ltd (GNCL) has declared a bonus of one
share against every two ordinary shares held and a 10
per cent dividend.
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Geojit
Securities' clients to get Reuters support
Mumbai: Geojit Securities will partner with Reuters
online equity solutions to support its private investors
trading business. The solution will be implemented across
the company's 92 branches in India.
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