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IDBI
to play development financing role even after conversion
into bank
New Delhi:The
Reserve Bank of India would be taking a back seat when
the Industrial Development Bank of India is converted
into a commercial bank.
According to latest plans drawn up by the Ministry of
Finance, though IDBI would be corporatised and converted
into a bank, it would continue to play a development financing
role.
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Pre-paid
services from Reliance Info before Diwali
Mumbai:Reliance
Infocomm, the limited mobility service provider from the
Reliance stable, is now gearing up for the launch of its
pre-paid WLL service before Diwali. The pre-paid service
will be under a sub-brand woven around the Hungama name,
which the company already uses for its special monsoon
and colour handset offers.
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Hindustan
Lever sets up BPO subsidiary Indigo
Mumbai:Hindustan Lever Ltd (HLL) has set up a new
subsidiary christened Indigo for undertaking business
process outsourcing . The wholly-owned subsidiary will
have two divisions, which will look after the domestic
and international markets separately.
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TVS
to enter Indonesia, Vietnam by 2004
Kolkata:Close on the heels of Bajaj Auto announcing
its intention to expand operations in Indonesia, TVS Motor
Co Ltd (TVS) today said it was in advanced stage of working
out details to enter Indonesia and Vietnam by 2004, and
China and other Asian countries in the second phase of
expansion programme.
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BPL
Mobile to invest Rs 120 cr in Kerala
Kochi:BPL Mobile, a leading mobile phone service
provider, has plans to invest Rs 120 crore in Kerala on
network expansion, infrastructure, brand and marketing.
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DCM
Shriram board clears sale of PAC unit
New Delhi:The
board of directors of DCM Shriram Consolidated Ltd on
Friday approved the sale of the company's poly-aluminium
chloride plant at Kota for a consideration of Rs 5.5 crore.
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Hutch
targets million customers in Gujarat
Ahmedabad:Hutch
has set its eyes on crossing the one-million subscriber
base in Gujarat over the next six months.
Talking
to the media here, Mr Sandip Das, CEO, Hutch Gujarat,
said the company was on target to reach the one-million
mark by February 2004. It was growing at the rate of 50,000
incremental customers each month, according to him.
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Delay
in redressal: BSNL, MTNL staff to be pulled up
New Delhi:The officials in Bharat Sanchar Nigam
Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) are
to be made accountable for delays in attending to public
complaints and grievances.
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Idea
launches SMS contest on Telugu films
Hyderabad:Idea Cellular Ltd, a private cellular
services operator, has launched an exclusive SMS contest
based on Telugu movies in association with www.rediff.com
for Idea users of Andhra Pradesh.
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