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Govt
clears HPCL, BPCL sell-off
New Delhi: Breaking a four month-old political
logjam, the government has reached a decision to disinvest
public sector oil companies Hindustan Petroleum Corporation
and Bharat Petroleum Corporation.
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Essar
set to resume work on Jamnagar refinery
Mumbai: Work on Essar Oil's 10.5 million-tonne
refinery at Jamnagar, held up for the past four years,
is expected to resume shortly.
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Satyam
Cineplexes to focus on South
Hyderabad: The New Delhi-based, Satyam Cineplexes
Ltd, which recently launched the 1232-seater multiplex
in the national capital is planning to invest around Rs
250 crore over the next three years in India and the focus
is on South.
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Khivraj
group draws up real estate plans
Chennai: The Chennai-based Khivraj group, whose
main interest is in automobile dealerships, plans to enter
the real estate business in a major way. It is taking
up a couple of residential projects in the suburbs of
Chennai.
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Glen
India targets Rs 100-cr turnover in 3 years
New Delhi: Hoping to garner a share of the unorganised
sector in the cooking appliances segment, Glen India Ltd
is targeting a turnover of Rs 100 crore by the year 2006.
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Idea-Apollo
cardiac care launched
Hyderabad: Idea Cellular Ltd, Andhra Pradesh has
launched `Idea Apollo Cardiac Care' on Saturday. The facility
will give access to Idea subscribers for receiving cardiac
care information on their cell phones from the Apollo
Hospitals.
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C&W
offer to convert its branch office
in co spiked
New Delhi: Telecom giant Cable & Wireless'
proposal to convert its domestic branch office into an
Indian company by capitalising the branch assets has been
rejected by the government.
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Timex
Corp to bail out desi unit fourth time
New Delhi: Watch multinational Timex Corporation
is stepping in yet again to bail out its Indian arm. Timex
Corporation of the US is likely to infuse fresh capital
to the tune of Rs 10 crore into Timex Watches.
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Hind
Lever to facelift direct non-selling brand
Mumbai: Hindustan Lever, the country's largest
personal products-maker, is revamping and relaunching
its direct selling skincare and cosmetics brand Aviance
as it is not satisfied with its performance.
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Essma
plans sales hub in UK
New Delhi: In a bid to give a boost to its exports,
Essma is scouting for new markets abroad and has also
firmed up plans to set up its first international distribution
hub in England by 2004, the work for which is expected
to start by June this year.
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Tata
Infotech shifts focus to corp training
Mumbai: The revenue share of corporate training
will increase from 5-10 per cent two years back, to around
50 per cent this year for IT training major Tata Infotech.
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