SCI may not see sell-off problems
Mumbai: The Supreme Court judgment in the disinvestment of HPCL and BPCL has cast its shadow on the Government's privatisation programme but it is unlikely to affect the sale of Shipping Corporation of India, which was incorporated under the Companies Act, Government officials said.
Back to News Review index page  

Reliance Info to appoint Sprint as CDMA advisor
Kolkata: Reliance Infocomm is close to appointing the $27-bn Sprint as technology consultant to advise and assist it in the deployment of CDMA digital wireless services across India.

Sprint is the world's fastest growing wireless carrier, operating the largest all-digital CDMA network in US. Though Sprint's initial involvement with Infocomm will purely be in the capacity of a consultant at the operational level, indications are that this business relationship may broaden in the coming months.
Back to News Review index page  

GACL in talks with Holcim
Mumbai: Gujarat Ambuja Cements Ltd (GACL) has initiated discussions with Swiss cement major Holcim, which could eventually result in the latter ending up with a substantial stake in ACC.

A top team from GACL, led by finance director Anil Singhvi, was recently abroad to negotiate with Holcim. The discussions are believed to be in advanced stages.
Back to News Review index page  

Peoplesoft to hire 700 for Bangalore hub
Bangalore: Peoplesoft, the second largest provider of enterprise software, plans to speedily ramp up its software development center in Bangalore.
Back to News Review index page  

Kiran, Komal join the board of SWC, SABMiller joint venture
Bangalore: The Jumbo Group has accomodated a seat for the two daughters of the late Manu Chhabria on the board of Shaw Wallace's joint venture with SABMiller.

Ms Kiran Chhabria, the youngest among the three daughters of the Chhabria estate, who has had no prior exposure to Jumbo's businesses in the country, and Ms Komal Chhabria Wazir, an executive director of Shaw Wallace & Co, are among the nominees to the board.
Back to News Review index page  

Bharat Aluminium raises Rs 1,000-crore syndicated loan
Mumbai: Bharat Aluminium Company Ltd has signed a Rs 1,000-crore syndicated loan facility with a maturity of six years to be utilised for the modernisation and expansion programme of its smelter at Korba, Chhattisgarh.
Back to News Review index page  

International Tractors plans to enter utility vehicle segment
New Delhi: There is more competition driving the increasingly crowded utility vehicles market. International Tractors Ltd (ITL), manufacturer of the popular Sonalika brand of tractors, is currently in talks with 4-5 international players to commence assembly of a range of utility vehicles in India.
Back to News Review index page  

Bollywood trailers for Idea customers
New Delhi: Idea Cellular customers can now watch the latest Bollywood trailers on their MMS-enabled mobile phones and can also forward videos as messages, according to a release.
Back to News Review index page  

New HP workstation
New Delhi: Hewlett-Packard has launched a new version of the H-P workstation zx2000 featuring the new low-voltage Intel Itanium 2 1.0-gigahertz processor with 1.5 megabyte L3 memory cache.
Back to News Review index page  

Infosys gets top corporate governance, value creation rating
Mumbai: Infosys Technologies has been assigned the highest GVC (governance and value creation) rating of `CRISIL GVC Level 1' by Crisil.
The GVC rating indicated that the firm's capability with respect to creating wealth for all its stakeholders while adopting sound corporate governance practices was the highest, said a news release from the rating agency.
Back to News Review index page