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Sterling
Infotech buys RPG Cellular
Chennai: The Sterling Infotech group of Mr C. Sivasankaran
today announced that it had bought out the RPG group's
79.24 per cent stake in RPG Cellular Services Ltd. The
deal is expected to be worth about Rs 210 crore.
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Wimco
to adjust loss from share premium
Mumbai: Wimco Ltd has informed the Bombay Stock
Exchange that the Bombay High Court has approved the petition
filed by the company for utilising a sum of Rs 22.66 crore
in the share premium accounts for adjusting against the
accumulated losses of Rs 69.16 crore in the company's
books as on March 31, 2003.
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Balrampur
Chini sugar complex gets under way
Kolkata: Sugar major Balrampur Chini Mills Ltd
has consolidated its numero uno position in the industry
by commissioning its first greenfield project - an integrated
sugar complex - at Haidergarh in Uttar Pradesh on schedule.
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Bharat
Forge plans to raise Rs 350 crore for expansion
Mumbai: BHARAT Forge Ltd is targeting a presence
in the global market for forged steel components for passenger
cars that could exceed the business share it has carved
out in the commercial vehicles space.
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SSI
board meets today to discuss tech business restructuring
Chennai: SSI Ltd on Friday informed the stock exchanges
that it has convened a meeting of its board of directors
on Saturday (December 20) to "consider restructuring
of the technologies business of the company given the
changed environment in the IT industry."
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JP
Mobile eyes acquisitions
Hyderabad: JP Mobile Inc, a global wireless solutions
provider for handheld devices, has announced plans to
acquire companies in the wireless security applications
and support space and is working on building new applications
for smart phones. The company is in parleys with Indian
telecom companies, both GSM and CDMA providers, to offer
their wireless solutions.
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Govt
seeks extradition of former Union Carbide chairman
New Delhi: Almost 19 years after the tragic Bhopal
gas incident occurred, the Government has forwarded to
the US Government a request for extradition of Mr Warren
Anderson, who was the Chairman of Union Carbide Corporation
when the infamous Bhopal gas leak occurred.
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