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Adlabs,
Vascon tie up for multiplex in Pune
Mumbai: Pune is all set to have its fourth multiplex,
with Adlabs Mumbai bringing its multiplex to the city.
Adlabs has tied up with Vascon Engineers Pvt Ltd and Manisha
Constructions for the project slated to come up at Kalyani
Nagar.
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Essar
Tele to take on Playwin with fortune in three states
Mumbai: In what could be regarded as the first major
competition to Zee’s Playwin online lottery, Essar
Teleholding will roll out the ‘Fortune’ lottery
in West Bengal, Karnataka and Kerala around the third
week of April.
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SAIL
to hike iron ore output by 15 per cent
Kolkata: Steel Authority of India Ltd’s raw materials
division has decided to increase production of iron ore
to 13.59 million tonne in 2003-04 fiscal from the current
fiscal’s 11.74 mt, a growth target of 15 per cent.
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Ranbaxy
Labs gets FDA nod for Cefadroxil oral suspension USP
New Delhi: Ranbaxy Laboratories has received approval
from US Food and Drug Administration to market Cefadroxil
Powder for Oral Suspension USP in 125 mg/5 ml, 250 mg/5
ml and 500 mg/5 ml strengths.
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And
now, i-flex staff harassed in Europe
New Delhi: In yet another incident involving harassment
of Indian IT professionals abroad, leading IT company
i-flex Solutions on Thursday said the London-based CEO
of its Dutch subsidiary, Senthil Kumar, has been detained
in UK while 14 other employees have been asked to quit
the Netherlands.
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Reliance
denies recall of handsets
Mumbai: Reliance Infocomm said it has not recalled
any LG handsets as reported in the March 27.
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Good
news for landline users
New Delhi: Basic subscribers will be able to enjoy
the benefit of a pulse rate of 180 seconds for one more
month as the Telecom Regulatory Authority of India has
deferred the date of implementing its new tariff order
to May 1 from the earlier date of April 1.
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RPG
Group, lenders differ on CESC recast
Kolkata: Serious differences have emerged between
CESC’s promoters, the RPG group, and its battery
of lenders on the debt-restructuring exercise of the RPG
flagship.
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IOC
plans exports of petro products
New Delhi: Indian Oil Corporation, for the first time
has included exports of petroleum products to foreign
markets as part of its memorandum of understanding (MoU)
with the Government to help improve its bottomlines.
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Aventis
sues Dr Reddy's, alleges patent infringement
New Delhi: Aventis Pharmaceuticals Inc has filed a
lawsuit against Dr Reddy's Laboratories Ltd, which is
listed on the New York Stock Exchange, alleging infringement
by the latter on patents pertaining to Allegra tablets.
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Blue
Star to sell stake in YBL
New Delhi: Refrigator maker Blue Star Ltd will offload
its stake in joint venture Yokogawa Blue Star Ltd (YBL)
to its Japanese partner Yokogawa Electric Corporation
for a consideration of Rs 16.74 crore.
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Cobra
beer to soon have a `made in India' tag
New Delhi: Cobra Beer, manufacturers of the most popular
Indian beer in the UK, is all set to begin production
of the brand in India in the next 4-5 months.
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Mars
to foray into pet food segment in India
New Delhi: The $14-billion Mars Incorporated, which
markets leading brands such as Snickers, Mars, Twix and
M&M's chocolates, is officially setting up shop in
India.
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Nalco
proposes Rs 4,000-cr expansion
Visakhapatnam: National Aluminium Company (Nalco),
which has manufacturing units at Dhamanjodi and Angul
in Orissa, is planning to expand the capacities of its
mines and refinery. The expansion proposals, which may
cost around Rs 4,000 crore, 4,000 crore, are to be cleared
by the Government, C. Venkataramana, Chairman and Managing
Director, has said
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SAIL
okays 2 projects worth Rs 135 cr
Kolkata: The board of directors of Steel Authority
of India Ltd (SAIL) recently approved two projects for
Durgapur Steel Plant (DSP) and Rourkela Steel Plant (RSP)
for a total investment of Rs 135.8 crore.
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HC
rules BPCL workers strike illegal
Chennai: The Madras High Court on Thursday held that
the strike launched by the two unions of Bharat Petroleum
Corporation Ltd in protest against the privatisation of
the public sector undertaking was"illegal in view
of the pending conciliation proceedings''.
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TAFE,
US co to develop component export base
Chennai: The Chennai-based Tractors and Farm Equipment
Ltd (TAFE) has entered into an understanding with its
collaborator, AGCO Corporation of the US, to develop the
Indian market as a base for component exports.
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Cotton
Corpn to step up sales
New Delhi: The Cotton Corporation of India (CCI) has
sold nine lakh bales of cotton and registered profit before
tax, interest and depreciation of Rs 25 crore.
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Boeing,
Airbus extend deadline for IA price bids
New Delhi: The aircraft manufacturers — Boeing
and Airbus — have given Indian Airlines (IA) a six-month
extension on the prices quoted for its 43-aircraft deal.
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3
shortlisted to study cable TV basic tier pricing
New Delhi: The task force on implementation of the
conditional access system (CAS) on Thursday decided to
appoint an external agency to conduct a survey of the
number of households, number of multi-system operators
and cable operators operating in a region to arrive at
a price for the basic tier.
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