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Bisleri
restarts production
New Delhi: Three days after a Parle Bisleri bottling
plant had been sealed by the Food and Drug Adminsitration
(FDA) authorities in Maharashtra on charges of an insect-infected
5-litre jar of packaged water, the plant has resumed production,
Mr Ramesh Chauhan, Chairman, Parle Bisleri, said.
Stating that the
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Wockhardt's
formulation exports to cross Rs 400-crores
Mumbai: Wockhardt Ltd expects its formulations
exports to the US to exceed Rs 400 crore ($87.4 million)
in the next two to three years. Its formulations exports
to the US in the past year ended December 2002 was about
Rs 23 crore.
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Radio
City moves court for licence protection
New Delhi: Radio City has sought court protection
against the Government's move to cancel the licence for
violating the FM radio norms.
The
Ispat group-owned Music Broadcast Private Ltd (MBPL),
which holds the Radio City licence, has approached the
Bombay High Court seeking a stay to prevent the Government
from cancelling the licence.
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Angelique
International wins Laos deal
New Delhi: Angelique International has bagged a
contract worth $10 million to build advanced transmission
lines and sub-stations in Laos.
According
to an official release, Angelique International is involved
in implementing engineering procurement commissioning
contracts across the globe.
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Reliance
Infocomm to rejig web world model
Mumbai: In a significant reworking of its retail
strategy, Reliance Infocomm's mega convergence project,
'Reliance WebWorld', is now considering opening smaller
stores to be owned by franchisees. This is significant
since the current model involves the company owning and
managing each of the stores across the country.
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Sathavahana
to split revamp into 3 phases
Hyderabad: Satavahana Ispat Ltd, the Hyderabad-based
Rs 84-crore pig iron manufacturer, has decided to split
the implementation of its modernisation and expansion
programme into three phases owing to paucity of funds.
The
company has also decided to keep in abeyance the project
for manufacture of metallurgical coke with co-generation
of power, with the financial institutions insisting for
power purchase agreement with the power transmission utility.
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Altair
draws up expansion plan
Hyderabad: Altair Engineering, a Michigan-based
technology design solutions company, has embarked on expansion
plan which will see an investment of about $2 million
in its Indian centre, establishment of high-end global
technical support centre for engineering modelling space
and induction of more engineers into the facility.
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