Cotton
Corp pays Rs5 crore as dividend
New Delhi: The Cotton Corporation of India (CCI)
presented a cheque of Rs5 crore as dividend to the Government
for 2003-04. The company posted a higher turnover of Rs.1,049.49
crore last year, against Rs971.53 crore in 2002-03.
The
CCI Chairman-cum-Managing Director, Vishwa Nath, presented
the cheque to the Union Textiles Minister, Shankar Sinh
Vaghela.
CCI
made a profit before tax of Rs12.78 crore, despite fierce
competition from private trade both in domestic as well
as in export sales, an official release said.
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Special export
award for KMML
Thiruvananthapuram: Capexil, formerly known as
Chemicals and Allied Products Export Promotion Council,
has selected the public sector Kerala Minerals and Metals
Ltd (KMML) for the Special Export Award based on its export
performance during 2003-04.
KMML,
a major producer of titanium dioxide pigment, started
exports in 2000-01 by selling 52 tonnes of its products
in the international market. As the marketing efforts
of the company gradually gained momentum, exports have
now peaked to 7,286 tonnes to 23 countries, an official
spokesman said here.
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Raj
Rayon plans expansion
Mumbai: Raj Rayon, a Mumbai-based polyester texturised
yarn (PTY) manufacturer, is planning an Rs150-crore expansion
of its existing facilities and setting up a POY (partially
oriented yarn) unit to aid backward integration of its
operations.
The
unit will have an installed capacity of 30,000 tonnes
and would be ready by March 2005.
The
company had recently executed a few short-term export
orders. Now, it is planning a full-fledged foray into
the export market in 2005. The company is seeking about
Rs150 crore from financial institutions, internal accruals
and a public/ rights issue. The funds are intended to
double the capacity of the POY unit to 60,000 tonnes per
annum (tpa), and increase its PTY capacity from 25,000
tpa to 60,000 tpa.
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Haier
Appliances aims at 10 percent market share by 2008
Kolkata: Haier Appliances (India) P Ltd, a 100
per cent subsidiary of the $9.2-billion Haier Group of
China, has planned to capture a 10 per cent share of the
market for CTVs in India by 2008.
Powered
by a strategic combination of India-centric model line-ups
and large dealer network throughout the country, the company
expects to achieve a turnover of $700 million (Rs4,140
cr) by 2008, and close to a $1 billion by 2010. The group
also plans to set up manufacturing facilities in India,
which eventually would be leveraged as a sourcing base
for South Asia, West Asia and Africa.
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BSNL
issues notice to Reliance on ILD traffic
New Delhi: Bharat Sanchar Nigam Ltd has served
disconnection notices to Reliance Infocomm in at least
30 cities - including Chennai, Mumbai and Pune - for routing
international long distance (ILD) calls illegally.
The
State-owned company has asked Reliance to pay the access
deficit charges on the illegal calls immediately or face
disconnection.
It
has also raised questions over the decision taken by the
Telecom Regulatory Authority of India (TRAI) to not to
intervene in the dispute.
BSNL
officials said that Reliance was routing international
long distance calls into the country and terminating on
the State-owned company's fixed line network as if they
were local calls.
The
public sector telecom major has alleged that Reliance
was bringing ILD traffic into the country and then changing
the caller line identification number of the caller to
pass it on to BSNL's telephones as if the calls were originating
from less than 50 kilometres.
For
instance, a call made from the US to a BSNL subscriber
in Pune was being shown by Reliance as if the call originated
from Pune itself by simply changing the number of the
caller at the local exchange.
The
cities where BSNL has served disconnection notices to
Reliance Infocomm include Jaipur, Dehradun, Shimla, Solan,
Surat, Kota, Godhra, Bikaner, Udaipur and Bharuch. If
BSNL carries out the threat, Reliance Infocomm's ILD network
would collapse.
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Tata
Indicom launches VoData Card
Mumbai: Tata Indicom has launched 'VoData Cards',
which the company described as a network card for enterprise
customers which provides up to 153 kbps speeds, enables
voice calls without cable or phone lines and also helps
in accessing business applications.
Notebook
users get 'data on the move' at wireless speeds close
to dial-up lines; users can also make and receive voice
calls, or send of receive SMS.
Priced
between Rs4,995 and Rs15,000, the VoData Cards will be
available across circles, said a news release from Tata
Teleservices.
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MTNL
plans to hike GSM connections in Mumbai
Mumbai: Mahanagar Telephone Nigam Ltd (MTNL) plans
to increase its GSM wireless capacity to 18-lakh lines
in Mumbai by the end of next year, according to R.L. Dube,
Executive Director of the company for Mumbai.
A
new GSM (Global System for Mobile Communications) switch
of 4-lakh line capacity has recently had its soft launch
in the city and will be ready for commercial launch in
15-days' time. This will be WAP, GPRS and MMS enabled,
and will be upgraded to EDGE technology very soon.
The
capacity will be increased further to 6-lakh lines by
March thereafter, to add 10-lakh lines, with the identical
pattern to be followed in Delhi. The company's CDMA lines
too will add a 4-lakh line switch of the latest CDMA 2000-1x
technology.
This
has been accomplished due to the success of the company's
Fixed Wireless Telephone, which sold more than 12,000
over last month; as well as through convincing customers
who wanted to relinquish their lines to settle for more
suitable tariff packages, said MTNL officials.
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Oman
dailies opt for BodhTree ePaper solution
Hyderabad: Bodhtree Consulting, an IT consulting
and product development company, has signed a licence
agreement to provide its latest ePaper publishing solution
to Times of Oman and Al Shabiba, two leading newspapers
in Oman, to enable the newspapers publish their print
edition over the Internet.
This
solution enables newspapers to cost effectively publish
the ePaper online much before the print edition goes out
on the street.
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MTNL
plans broadband at Rs.500 a month
Mumbai: MTNL is hoping to be able to provide broadband
services at an affordable rate of roughly Rs.500 for unlimited
access and also aims at getting 1.4 lakh broadband customers
in Mumbai by March, 2005 and a million customers by December
2005.
With
24 lakh copper lines under its belt, MTNL has enough copper
through which to provide broadband through ADSL technology.
The access speeds could be as high as six mbps through
copper itself.
Currently,
MTNL is the second largest ISP in the country after BSNL.
It has over 8.5 lakh customers in both Mumbai and Delhi
accessing the Net through the post-paid dial-up service.
MTNL subscribers can dial in to the Internet for 10 paise
per minute, inclusive of dial-up and ISP charges.
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