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Rs
3 crore price tag for luxury Benz car
Bangalore: Benz is expected to close the year with
a 30 per cent increase in unit sales and is all set to
launch one of the world's costliest car, Maybach in mid-2004.
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Anchor
to automate living spaces
New Delhi: The Rs 500-crore Anchor Electricals,
which is commercially launching its `Intelligent Homes'
division in February next year.
"The
purpose of the division is automation of living spaces.
We are not selling products but providing solutions according
to individual needs," says Mr Sashi Nair, President,
Anchor Electricals and Electronics.
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NMDC
eyes turnover of Rs 4,000 cr by 2010
Visakapatnam: National Mineral Development Corporation
aims to achieve a turnover of Rs 2,000 crore by 2005-06
to double it by the end of the current decade by matching
international standards in per-capita productivity, value
addition and cost-effectiveness, according to Mr S.K.
Agarwal, Chairman and Managing Director.
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Northgate
to raise $3 m in debt; plans expansion
Hyderabad: Northgate BPO Services Ltd, the Hyderabad-based
remote services provider, has drawn up plans to expand
its operations. The company intends to raise $3 million
in debt, establish three joint venture firms with overseas
partners and set up a marketing centre in the US.
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Hutch
mobile shops launched
Hyderabad: Hutchinson Essar Ltd has launched a
first-of-its-kind national service initiative - Mobile
Hutch Shops - to provide faster online customer service
to its customers at their doorsteps.
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Sify
arm bags Godrej deal
Kolkata: SIFY Enterprise Solutions, the corporate
services arm of Sify Ltd, has bagged a contract for providing
networking services for Godrej & Boyce.
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Hughes
Soft to hire 1,000 more people
New Delhi: Hughes Software Systems, developer of
software for telecom companies, said it would hire about
1,000 people in the next one year. The hiring plan is
based on expectations that its revenues would touch $100
million (about Rs 455 crore) in 2004-05.
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General
Motors to launch 1.6-litre 'Optra'
New Delhi: General Motors India will launch a 1.6-litre
engine model of its premium mid-size car 'Chevrolet Optra'
this week to meet competition from vehicles like 'Honda
City' and 'Hyundai Accent'.
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SSA
Global-Baan migrating development work to India
Hyderaba: SSA Global-Baan, a wholly-owned subsidiary
of $650 million SSA Global, provider of extended enterprise
resource planning (ERP) solutions worldwide, has embarked
on the process of consolidation post merger of SSA Global
and Baan. This will see the Indian operations playing
a larger role in SSA Global plans.
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L&T's
Electrical Unit To Cross Rs 1,000-cr
Revenue This Fiscal
Mumbai: Larsen & Toubro's (L&T) electrical
and electronics business division is set to cross the
Rs 1,000-crore revenue mark during the current fiscal.
The business, which contributed 8 per cent to the engineering
conglomerate's turnover for fiscal 2002-03, is aiming
at clocking this mark on the basis of introduction of
new product ranges and the phasing out of some of its
earlier product lines. The division had a turnover of
Rs 873 crore during the last fiscal.
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Coke
to set up Indian advisory board soon
New Delhi: Softdrink giant Coca-Cola, which has
been hit by several controversies in the recent past,
has decided to set up an all-Indian advisory board to
promote itself as an Indian firm, on the lines of Hindustan
Lever Ltd.
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Godrej
Industries promoters hike stake
Kolkata: Promoters of Godrej Industries Limited
have increased their stake in the company by 2.06 per
cent by purchasing 10 lakh shares from the open market.
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