HP plans buyback in Digital, to delist
Bangalore: Hewlett Packare, a 50.6 per cent stake owner in software services vendor Digital GlobalSoft Ltd, has proposed to buy back stakes held by local minority shareholders and subsequently delist Digital from the bourses.
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Goldstone to make polymer insulator
Hyderabad: Goldstone Teleservices Ltd, the Hyderabad-based telecom products manufacturer, has forayed into the manufacture of polymer insulators of 11 KV and 23 KV, which it has developed with its own R&D efforts.
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ITC bags award for e-Choupals
Kolkata: ITC has bagged the Seagate Intelligent Enterprise of the Year award for the most innovative use of information technology. According to a company press release issued here, the award was given in recognition of ITC's e-Choupal initiative that has enhanced the international competitiveness of the smallest Indian farmer by giving him ready access to expert knowledge through a click and mortar model.
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CMS Computers ties up with German co
Chennai: The Rs 350-crore CMS Computers Ltd has tied up with Bowe Systec of Germany for technology that helps CMS mail out billing or transaction statements to its clients' clients.
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Numeric Power to beef up ties with French partner
Chennai: Numeric Power Systems may form a joint venture with its French partner, Merlin Gerin. The nature and scope of the JV is likely to be decided in January, Numeric's Managing Director Mr R. Chellappan told a press conference here.
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Kyndal India plans new products
In a bid to cement its image as a premium spirits company, Kyndal India Ltd is launching four new premium-end spirits in the country this year.
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ONGC launches deep-water drilling at Gulf of Kutch
Mumbai: ONGC today launched its ambitious $1-billion deep-water drilling campaign, the first well was spud at the Gulf of Kutch at 1,892-metre water depth.
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Hyundai plans third shift to meet demand
Chennai: To meet the supply shortage, Hyundai Motor India has decided to go in for a third shift at its Chennai facility. The company is also set to shortly begin hiring another 800 people to this end. The third shift is set to commence from January, according to sources.
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Aptech to set up JV with Canadian Co
New Delhi: Aptech Ltd has decided to go beyond the United States with a joint venture in Canada. The company is in the final stage of negotiations with a Canadian firm "with wide experience in similar line."
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Ashapura Ship plans fleet expansion
Mumbai: The bullish phase in the shipping industry has started attracting manufacturing companies to acquire vessels. Ashapura Shipping, a wholly- owned subsidiary of the Rs 200 crore Ashapura Minechem, is looking at fleet expansion to cut its freight cost for transporting bauxite.
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