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Hindustan
Motors in talks for contract production
New Delhi: Hindustan Motors has said that it is
in talks with five foreign companies, including BMW and
Volkswagen, to lease out spare capacity at its Chennai
plant, where the Mitsubishi Lancer is being made.
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Ajanta
Pharma launches Tadalisa
Mumbai: Ajanta Pharma Ltd has launched Tadalisâ,
a drug for erectile dysfunction in men.
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Tatas
to invest in Auto, Steel, Telecom & Hospitality sectors
in China
Beijing: The
Tata group is scouting for opportunities to invest in
China's automobile, hospitality, steel and telecom sectors
apart from consolidating the existing venture in information
technology, group chairman Ratan Tata said yesterday
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Reuters
shifts jobs from US, UK to India
Bangalore: Reuters, will shift 150 jobs from its
US and UK operations and hire 450 more in Bangalore to
carry out its data management work.
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CLB
approves Compact Power, HBL Nife merger
Hyderabad: HBL Nife Power Systems Ltd has informed
the stock exchanges that the scheme of amalgamation of
Compact Power Sources Pvt Ltd with the company has obtained
the approval of the Company Law Board, Chennai.
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Reliance
Info in parley with Equity Investors
Mumbai: Reliance Infocomm is in talks with a host
of overseas private equity investors. The process, once
it goes through, will result in some stake being offloaded
in Reliance Infocomm to potential investors.
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Dabur
Foods to set up fruit processing plant
Hyderabad: Dabur
Foods Ltd, to establish a multi-fruit processing plant
to support the growing domestic and export markets for
packaged food.
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Pokarna
begins trial production
Hyderabad: Pokarna Ltd, engaged in the production
of granite slabs and garments, has started trial production
in its apparels division.
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Arvind
Brands in tie up with Pantaloon
New Delhi: Arvind Brands and Pantaloon Retail Ltd
on Thursday announced a tie-up under which Arvind's jeanswear
brand, Ruf `n Tuf, would be available at Pantaloon's Big
Bazaar outlets across the country.
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Compudyne
forays into BPO
Bangalore: Compudyne Winfosystems Ltd expects its
BPO foray to help wipe out its losses and return to the
black in two years.
The
company has tied up with the US-based Logistic Solutions
Inc for the BPO foray. Logistic Solutions is a software
service and BPO firm operating in the field of telecommunications,
finance, pharmaceutical, wireless, healthcare and education.
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Bharti
gets 5 new licences
New Delhi: Bharti Tele-Ventures has signed and
received unified access service licence to provide GSM
services in five circles including Uttar Pradesh (East),
West Bengal & Andaman Nicobar, Orissa, Bihar and Jammu
& Kashmir.
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Canon
India registers growth in printer business
Bangalore: Canon India Pvt Ltd, a digital imaging
company, has grown its overall printer category market
share from 3 per cent in 2001 to 30 per cent, in 2003.
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Wipro
to expand operations in Chennai
Chennai: Wipro plans to expand its operations in
Chennai, and explore opportunities in partnering with
the Tamil Nadu Government on the State's e-Governance
plans.
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Bearing
Point sets up software development centre
Chennai: Bearing Point, which was formerly KPMG
Consulting Inc, said that it has opened a software development
centre in Chennai.
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Rallis
to exit seeds and chemicals business
Mumbai: Rallis
India is scripting a fresh restructuring plan under a
new managing director. It has decided to focus only on
its pesticides business — it will no longer focus
on its existing seeds and speciality chemicals businesses.
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Virtusa
sets up centre in Chennai
Chennai: Virtusa Inc, a US-based software services
provider, has set up its third development centre in India
at Chennai. The other two are functional at Hyderabad.
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VCustomer
hopes to double revenues
Bangalore: VCustomer Services India Pvt Ltd, a
technology support, BPO and call centre services provider,
expects to end the current fiscal with topline of $33
million, an 120-per cent growth over last year's $15 million.
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