BSNL lowers intra-circle STD rates by 25 per cent
New Delhi: Bharat Sanchar Nigam Ltd (BSNL) has slashed the intra-circle landline-to-landline STD call rates by 25 per cent starting December 15.
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TCS sets up subsidiary in Singapore
Mumbai: Tata Consultancy Services has incorporated a new subsidiary in Singapore for the Asia Pacific region with an initial investment of $6.2 million.
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Sanmar Speciality acquires Bangalore Genei
Chennai: The Sanmar group has entered bio-tech business through an acquisition — Sanmar Speciality Chemicals Ltd today announced the acquisition of Bangalore Genei Pvt Ltd.
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BPCL policy for crude risk management soon
Mumbai: Bharat Petroleum Corporation Ltd is all set to put in place its risk management policy for crude oil imports.

Company officials are working on forming the policy for hedging commodity risks that will soon be presented to the board of directors for approval.
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HC approves NPIL move to delink from Gujarat Glass
New Delhi: Pharma major Nicholas Piramal India Ltd (NPIL) has moved a step closer towards de-linking itself from glass-container manufacturer Gujarat Glass Pvt Ltd (GGPL).
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Eicher auto business to be demerged
New Delhi: The Rs 1,300-crore Eicher Group has decided to demerge the automotive business of Eicher Ltd into Eicher Motors Ltd.
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Nicholas signs supply deal with AMO
Mumbai: Nicholas Piramal India and Advance Medical Optics have entered into an agreement for the supply of selected components for AMO's eye care products.
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BSNL net down 77 per cent
New Delhi: BSNL has registered a 77 per cent decline in its net profit for the year 2002-03, at Rs 1,444 crore from Rs 6,412 crore during the previous year.
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Aircel to spend $40 million for capacity expansion
Coimbatore: Aircell Ltd is in the midst of major capacity expansion involving a total outlay of about $40 million for import of equipment and creation of the infrastructure needed, according to Mr K.V.P. Baskar, Director and CEO, Aircel Ltd.

The company is one of the cellular phone service providers in Tamil Nadu.
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TI, ST Micro team up for next generation CDMA solution
New Delhi: Texas Instruments Inc and ST Microelectronics have announced that they have developed a standard CDMA2000 1xEV-DV (1xEvolution for Data and Voice) solution.
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Yash Tech partners Nasdaq-listed company
Hydrabad: Yash Technologies Inc, an IT consulting company having a development centre in Hyderabad, has announced that it has partnered with the Nasdaq-listed Actuate Corporation.

The tie-up will help Yash Technologies deliver scalable Business Intelligence applications in the North America and the Asia-Pacific.
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Kale wins Europe airline contract
Mumbai: Kale Consultants Ltd has been awarded an outsourcing contract from a European airline.

The Indian software firm would provide end-to-end revenue accounting services for Hellas Jet, based in Greece. Kale would provide the service through its managed process service centre in Mumbai.
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