Ranbaxy: Tentative USFDA approval for hypertension drug
New Delhi: Ranbaxy Laboratories Ltd has received tentative approval from the US Food and Drug Administration (USFDA), Office of Generic Drugs, to manufacture and market Quinapril Hydrochloride tablets used for the treatment of hypertension.

Quinapril Hydrochloride could be used alone or in combination with thiazide diuretics.
Back to News Review index page  

L&T bags its first contract in Bahrain
Mumbai: Larsen & Toubro has won its first contract in Bahrain for the construction of a 15-storied hotel and service apartments for the Radissons Group. According to a news release from the engineering and construction company the contract is worth Rs 70 crore.

The release said that the contract complements the company's growing list of engineering and construction projects in Saudi Arabia, Qatar, Kuwait, Oman and Jordan. Work on the project has to be completed within 77 weeks.
Back to News Review index page  

1:1 bonus from Marico Industries
Mumbai: The board of Marico Industries Ltd has declared a bonus issue in the ratio of one share for every share held, aggregating Rs 29 crore. The board has also recommended the third interim dividend of Rs 2.50 per share of Rs 10 each. This will be the company's 12th interim dividend in a row.

The company has also offered an early redemption of 2.90 crore eight per cent redeemable preference shares (RePS) of Rs 10 each. These shares were to be redeemed at par on or before October 1, 2005.

The company has convened an extra ordinary general meeting on April 21 to seek shareholders' approval for the bonus issue.
Since March 31, 2003, Marico's market capitalisation has increased by about 87 per cent from about Rs 425 crore to about Rs 800 crore, the release said.
Back to News Review index page  

Getz, Elantra launch plans on track: Hyundai
Chennai: Hyundai Motor India has said that its new offering Elantra will be launched in the second quarter of this calendar year while the Getz would cme out in the third quarter. According to the company it hopes to sell 1,000 units of the Elantra and 2,000 units of the Getz every month.

While the Elantra would have a local content of about 50 per cent for the first four or five months, the Getz would have a local content of 85 per cent at the time of its launch.

The Getz may be available only with a 1.3 litre engine to begin with.
Back to News Review index page  

Maruti launches Versa variant
New Delhi: Car market leader Maruti Udyog Ltd has announced the launch of a new variant of the MUV priced at Rs 3.27 lakh (ex-showroom Delhi). The new variant is a five-seater, and comes with a heater and with the provision to fit an air-conditioner.

According to a release, the new variant will help Maruti retain its large base of Omni customers by providing an excellent upgrade option for them.
Back to News Review index page  

GM's Tavera positioned against Scorpio and Qualis
New Delhi: General Motors India's new multi-utility vehicle (MUV) the Chevrolet Tavera, to be launched in the second quarter of 2004, will have 92 per cent local content and is expected to be priced at less than Rs 6 lakh.

The new Chevrolet MUV will be powered by diesel engine technology from Isuzu, and would offer 20 per cent more fuel efficiency than some of the other players in the segment, according to a company statement. The engine is being developed at Hindustan Motor's Pithampur plant.
Back to News Review index page  

VSNL makes space on FLAG bandwidth for Reliance
Mumbai: Videsh Sanchar Nigam Ltd (VSNL) and Reliance-group owned FLAG Telecom have agreed on connectivity for four STM-1 circuits to Reliance Infocomm on its bandwidth, as against the company's requirement for 15.

While the Reliance group owns the FLAG network its landing station in India is owned by VSNL.

In an ongoing tussle between the two concerns for additional circuits, VSNL has said that it cannot provide 15 STM-1s to Reliance Infocomm because there were other parties who had to be catered to as well.
Back to News Review index page  

Kyocera sets up test facility at Bangalore
Bangalore: Kyocera Wireless Corp (KWC), a CDMA wireless handset manufacturer, has set up a product testing laboratory at its Bangalore centre. According to a company release the facility will help to speed up product release cycles of Kyocera phones.
The facility will be the first such to be set up by the company outside its US headquarters in San Diego.
Back to News Review index page  

TBM Tech package for schools
Bangalore: TBM Technologies, has launched a software package Power School in Karnataka. TBM is a Coimbatore-based IT company providing software solutions to educational institutions.
Power School is a package with modular solutions to handle issues like admission fee, school/college accounts, marks, timetable, payroll, management of transport and hostel issues and student profiles, both off and online for various users.
Back to News Review index page  

Cognizant helping companies save costs
Chennai: Cognizant Technology Solutions has released a study which shows that its customers in insurance, financial services, healthcare and media have reduced their information technology maintenance costs by a 30 per cent to 40 per cent, after using the `portfolio analysis service' of the company and leveraging Cognizant's offshore capabilities.

According to a company release from Cognizant clients saved an average of 12 per cent even before moving applications management offshore by using Cognizant's portfolio analysis service to develop and implement a strategy for streamlining their systems.

Cognizant is a provider of IT services.
Back to News Review index page  

CommScope's Indian subsidiary begins operations
Bangalore: The US-based CommScope announced the start of the Indian operations of Systimax Solutions, its wholly owned subsidiary, in India.

The company says that the Indian operations will enable it to position itself as an end-to-end connectivity solutions provider in India.

CommScope is a manufacturer and supplier of broadband coaxial cable and supplier of fibre-optic and twisted pair cables.
Systimax Solutions will provide integrated end-to-end connectivity solutions for voice, data, video and building management applications in enterprise networks.
Back to News Review index page  

Alcatel and ITI sign up for DSL deployment
Bangalore: Alcatel and ITI have announced the signing of a memorandum of understanding aimed at establishing long-term cooperation for digital subscriber line (DSL) deployment in the Indian market.

The companies say that Alcatel's DSL technology along with its expertise in planning, engineering and optimisation, combined with ITI's expertise in value-added services would enable the successful rollout of broadband services in India.
Back to News Review index page  

Tata Indicom to provide customised solutions
Bangalore: Tata Indicom Enterprise Business Unit says that it plans to offer value-added services to the bandwidth-intensive IT and ITeS industries. The company, will also offer customised telecom solutions for these industries.

The unit is the single point interface through which the Tata companies, including VSNL, Tata Teleservices, Tata Teleservices Maharashtra and Tata Internet Services deliver telecom services to key enterprise customers of the Tata group across the country. The company has acquired over 500 companies as customers during the last eleven months.
Back to News Review index page  

Patni Computers at CMMI 5
Mumbai: Patni Computer Systems Ltd has announced that it has been assessed at Level 5 of the Capability Maturity Model Integration (CMMI) for all its development centres in Mumbai obtaining improvements in predictive capability with respect to project schedules and cost and in delivered quality as well.
Back to News Review index page  

Big B with Emami
Mumbai: EMAMI, the personal and healthcare major, will now have Amitabh Bachchan in its club of brand ambassadors, along with cricket captain Sourav Ganguly and Bollywood stars Sunny Deol, Govinda and Madhuri Dixit.
Back to News Review index page