Siemens gets power transmission order from Qatar
Mumbai: A consortium of Siemens India and Siemens AG Germany has received a Rs640 crore order from Qatar General Electricity and Water Corporation (KAHRAMAA) to develop the power transmission network in and around Doha.

Siemens will get Rs530 crore of the order, which covers setting up of five power sub-stations. The order has to be executed within 19 months.
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Dunlop wants status of 'relief undertaking'
Kolkata: P K Ruia who is heading the management of Dunlop India, has urged the West Bengal Industrial Reconstruction Department to grant it the status of a 'relief undertaking' so that creditors were not able to move court against it.

Government sources said the government was considering the request.

The total liability at the time of the takeover by Ruia group was Rs650 crore, out of which dues to banks and financial institutions were Rs60 crore. Liability to the workers was Rs60 crore.
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Ispat Ind. to issue FCCBs to raise $125 million
Mumbai: Ispat Industries has decided to issue foreign currency convertible bonds (FCCBs) to raise $125 million.

At the meeting held yesterday, the board approved the proposal for raising the amount by way of FCCBs, subject to requisite approvals, the company informed the Bombay Stock Exchange.
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MICO plans Rs.1,000 crore investments in India
Bangalore: Motor Industries Company (MICO), the Indian subsidiary of German auto ancillary giant Bosch, said the German company wants to expand its presence in India and is planning an investment of close to Rs1,000 crore here.

Bosch plans to invest about Rs200 crore in its Bangalore plant and Rs600 crore in Nasik in addition to investments in Bosch's other units here.

MICO yesterday reported a net profit of Rs343 crore for year ended December 31, 2005, as compared to Rs374.76 crore in the year-ago period.
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Karur KCP gets orders worth Rs.13.21 crore
Mumbai: Karur KCP Packagings has received orders worth Rs13.21 crore from various cement companies for supply of packaging materials. For the month of March the company's customer include — India Cements, Madras Cements, Dalmia Cements (Bharat), Chettinad Cements, and Ultratech Cement.
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Man Industries may get pipeline project in Middle East
New Delhi: Man Industries (India) Ltd is likely to bag an Rs400 crore pipeline project in the Middle East. The company, a SAW (submerged arc welded) pipe manufacturer and exporter, has put in the lowest bid for the project. The company has an outstanding order book of Rs900 crore and the orders would be completed in about nine months the company informed the Bombay Stock Exchange.
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NTPC scouts for advisors for nuclear foray
New Delhi: After the signing of the India-US nuclear agreement, state owned power company NTPC said it is looking for consultants to advise it on its nuclear foray.

C P Jain, chairman and managing director, NTPC said, "We are looking for consultants and will have to examine factors such as the capital cost of setting up a nuclear power plant and fuel availability," he said. NTPC is also in talks with Nuclear Power Corporation of India for a possible joint venture to set up 2,000 MW of nuclear capacity by the end of 12th plan (2012-17).

NTPC, Tata Power and Reliance Energy, have all shown interest in entering the nuclear power segment, provided the government opens up the sector. At present, nuclear power plants are set up only by NPCIL, which is under the administrative control of the Department of Atomic Energy. NTPC has 20 coal and gas-fired plants at present with a total installed capacity of over 24,000 MW.
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Government mulls divesting 10 per cent equity stake in NLC
New Delhi: The Government is considering selling 10 per cent shares in Neyveli Lignite Corporation (NLC). The Government holds 93.56 per cent stake in the company.

Based on the price of company's share on the bourses, the Government can raise Rs134.2 crore by selling 1.67 crore shares in the company.
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Kingfisher Airlines to float IPO in 3-5 months
Berlin: Kingfisher Airlines is planning to come out with an initial public offering within the next three to five months, said Vijay Mallaya, chairman of the airlines. He was speaking at the ITB travel and tourism fair here.

He said the airline has garnered a share of seven per cent within 10 months of launch and has received two international awards. He said the process of issuing the IPO has already started.

Mallaya said Kingfisher Airlines would also start flying on international routes next year and was getting delivery of wide bodies Airbus 330 by September next year, meant for international travel. He said the airline would operate out of US for international operations, in case the Indian government does not give permission.
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Tata Tele sells 8 per cent equity to Sivasankaran
New Delhi: Tata Teleservices has sold 8 per cent equity to Sterling Infotech owned by C Sivasankaran, for about Rs1,200 crore. This comes a day after the company sold a 9.9 per cent stake to Singapore-based Temasek Holding,

Temasek picked up the 9.9 per cent stake for about Rs 1,500 crore, company sources said.
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Hitech Entertainment to pick up majority stake in animation software company
Mumbai: Hitech Entertainment plans to pick up a 51 per cent stake in Iridium Technologies (India) which makes animation software. ITIL, an application software products company, specialises in the BPO segment and develops end-to-end global workflow automation systems linking healthcare organisations and insurance companies in the US to the service providers all across the world, it said.

The global market potential for the products of ITIL is estimated to be $100 million as per the company's estimates and it intends to penetrate the market gradually to increase its market share in the US and UK, it added.

The product range of ITIL comprises iMTAS, iCMT, iCHMT, Falcon-2000, F1 HBPO Automation Software.
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NIIT sets up cargo operation system at Beijing airport
Mumbai: NIIT Technologies has implemented a cargo operations system (COSYS) at Beijing airport in partnership with Singapore Airport Terminal Services Ltd (SATS). The system covers air cargo operations, from export-import to electronic data interchange (EDI) for international as well as domestic air services.

COSYS has been implemented over an 11-month period in 2005 at the Beijing Capital International Airport for the Beijing Aviation Ground Service Company.

The project was executed from NIIT's software development facility in Shanghai.
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HCL Info bags deal from IDBI
New Delhi: Indian IT major HCL Infosystems, said it has been selected by Mumbai-based IDBI for providing ICT infrastructure for its 100 new retail branches.

This system integrated ICT platform would address the total computing, networking and office automation needs of IDBI for its branches, HCL said in a release.

The order involves system integration of client computing environment to the core banking applications, using cutting edge networking technology solutions, the release added.

"We are proud to be given an opportunity to partner with IDBI bank in rolling out a pan India ICT framework and support to complement their growth plans," HCL Infosystems executive vice-president George Paul said.
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Ranbaxy enters into marketing alliance with Zenotech
New Delhi: India's biggest pharma company Ranbaxy Laboratories plans to market Zenotech's injectible products in Latin America, including Brazil and Mexico, besides Russia and other CIS markets through its global distribution network.

The two companies have signed a semi-exclusive agreement, according to which Ranbaxy would market Zenotech's oncology and cytotoxic injectibles in those markets.

Ranbaxy did not reveal the financial details of the agreement between the two companies.

Zenotech Laboratories, a speciality generic injectibles company with a biotech core, would develop and manufacture oncology products at their dedicated facilities within India.

Ranbaxy already has a presence in the oncology segment in India. The pharma major sells its oncology portfolio in the domestic market through its super specialities division, the statement said.
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Sahara makes travel plans
New Delhi: Sahara India Parivar has launched Sahara Global, a travel and tourism company. The company is targeting a turnover of Rs200 crore from services in inbound and outbound traffic and medical tourism in its first year of operations.

"We will invest Rs300 crore over the next five years and would raise the funds from internal accruals and from Sahara Parivar," Sahara Global CEO Romi Datta told reporters.

The company would start operating by this month end. It would also explore acquisitions and planned to manage 52 hotel properties over the next three years, besides marketing 3,000 hotels in domestic destinations under its own brand, he said.
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Saint Gobain to launch new glass solutions: will invest Rs.100 crore
Mumbai: Saint Gobain Glass India plans to offer new glass solutions for the automotive sector and plans to invest Rs100 crore by October in this.

The company has already invested Rs1,400 crore for its second glass complex in Sriperumbudur over the last five years. The plant exports 30-40 per cent of its production, while the old plant with a capacity of 650 tpa caters to the domestic market.

The company recently launched its 'Sun Ban Reflective Glass' in the city and by end of this month plans to complete the nationwide launch of the product.

Paris-based Saint Gobain Group has nine companies in India and for the year ending 2005, the Group's gross sales in India exceeded Rs1,200 crore of which SGGI contributed one third.
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Lanxess ABS to hike polymer capacity
Mumbai: Domestic plastics maker Lanxess ABS plans to hike its polymer capacity to cater to the rising demand for automobiles, consumer durables and electronic products.

The company said it would increase its Acrylonitrile Butadiene Styrene (ABS) polymer resins capacity to 80,000 tonne a year from 60,000 tonne now and ramp that up to 100,000 tonne in two years.

The company plans to fund its expansion through internal accruals. ABS is used to make automotive parts and enclosures in electronic products. Lanxess shares quoted at Rs121 during morning trade in a weak Mumbai market.
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Tulip invests Rs.180 crore on Internet network
New Delhi: Tulip IT Services said it has invested Rs180 crore to set up India's largest MPLS-enabled internet protocol virtual private network. The Tata network covers over 300 Indian cities and is the only network in India to offer last mile data connectivity entirely on wireless.

The company today said it aims to expand the network to over 500 cities by the end of this year.
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Government not to let GAIL to charge marketing margin
New Delhi: Providing relief to Reliance Group firm IPCL, the government said state-run gas firm GAIL (India) cannot charge marketing margin on supply of natural gas.

In terms of the Gas Pricing Order dated June 20, 2005, GAIL is not entitled to levy any marketing margin on any category of consumers for supply of APM (government regulated) or JV said a ministry of petroleum and natural gas order.

The order came after IPCL approached the ministry against GAIL's notice to terminate gas supplies unless marketing margins were paid.
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Newgen receives new order
Mumbai: Newgen Software Technologies has bagged an order from Hewlett Packard (HP) to automate the retail and trade finance processes across regional processing centres of Bank of Baroda (BoB). HP is the technology partner of BOB.

NSTL would install its products, OmniFlow and OmniDocs, at the regional processing centres.
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Hutchison Telecom plan expansion
New Delhi: Hutchison Telecom, which operates mobile telephony in India through a JV with Essar group said it planned to invest about Rs6,000 crore to expand the network this year, even as questions are being raised about its operations.

The company said most of the investment will be in India, where HK dollar 9 billion and HKD 10 billion have been earmarked to double the size of the network the company said in its annual results. The investment amounts to Rs5,400-Rs6,000 crore.
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RCVL partners with HP
Bangalore: Reliance Communication Ventures is partnering with Hewlett Packard India to deploy technology solutions as part of its effort to become one of the leading integrated telecommunications service providers in India.

"We are looking forward to grow the existing technology partnership with the company and take it to the next level," said Balu Doraisamy managing director HP India Sales in a statement on Thursday.

" We consider HP as one of our key technology partners and an integral part of our growth," said Anil Ambani, chairman, Reliance Communication Ventures Limited.
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Indian Airlines gets award
Chennai: Indian Airlines has won the Best Singapore Travel Experience Award at the 20th Singapore Tourism Board Awards, held recently in Singapore.

The awards honour individuals and organisations that have made significant contributions to the tourism industry through their service excellence, innovation, creativity and commitment in creating unique," Singapore experiences" for the visitors into the island city, a release said on Thursday.
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Jet-Sahara deal sent to DGIR
New Delhi: The Monopolies and Restrictive Trade Practices Commission (MRTPC), at present inquiring into the Rs2,300 crore takeover of Air Sahara by Jet Airways, has sent the case to the director general (investigations and registrations), which will submit a report in the next three weeks.
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Shringar Cinemas hikes authorised share capital to Rs.52 crore
Shringar Cinemas's shareholders have approved to increase the authorised share capital of the company from Rs35 crore divided into 3,49,90,000 equity shares of Rs10 each and 10,000 preference shares of Rs 10 each to Rs52 crore divided into 5,19,90,000 equity shares of Rs10 each and 10,000 preference shares of Rs10 each.

The members have also approved increasing the borrowing powers of the company to an amount not exceeding Rs300 crore over and above the paid up capital and free reserves of the company.
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Reliance Petro, Dow Global agreement approved
New Delhi: Reliance Petroleum's application for a foreign technology collaboration agreement with Dow Global Technologies for setting up a polypropylene plant at the Jamnagar special economic zone has received approval from the department of chemicals and petrochemicals. The agreement will be valid for 10 years and RPL will pay Global Technologies $26.55 million in four instalments for the plant.

The plant, located at Meghpar village near Lalpur in Gujarat will have a capacity to produce 9 lakh tonnes per annum. The technology offered by Dow Global Technologies is UNIPOL-PP using UNIPOL fluidised gas process. There is also an option of installing a catalyst plant along with solvent recovery unit with an initial capacity of 100 TPA. Further, there is a provision of expanding the capacity up to 300 TPA by adding two more plants, each having a capacity of 100 TPA revealed government officials.

Dow will receive a payment of $14 million for the catalyst technology and $5.2 million for the solvent recovery plant. Dow will receive the payment in four tranches.

Reliance has plants at Hazira and Jamnagar with a capacity of 10.40 lakh TPA. Dow Global Technologies hold the proprietary rights for the catalyst technology and is a subsidiary of Dow Chemical Company.
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Toyota Kirloskar to make profits this year
New Delhi: Toyota Kirloskar Motors (TKM) which started selling cars in India in 2000 hopes to make a net profit this year after wiping out the cumulative losses.

The company has invested Rs2,400 crore so far in its Indian operations and hopes to sell 56,000 vehicles in 2006 against 40,700 in 2005, a growth of 40 per cent.

TKM, which also manufactures transmissions for parent company Toyota Motor Corporation (TMC), hopes to sell 160,000 units this year and earn revenues of Rs400 crore.

TMC owns 89 per cent in the joint venture while 11 per cent is held by the Kirloskar Group.
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Satyam Computer's gets ISO 20000 certification
Chennai: Satyam Computer Services' internal IT service management division has obtained ISO 20000 certification which is the latest standard for implementation of IT service management.

Originally certified for BS15000 for its infrastructure management services and internal IT service management operations in Chennai, this is an extension of scope to the company's all India locations as well as an upgrade from erstwhile BS15000 standard.

IT service management certification, which was as per BS15000 given by British Standards Institute has now become an ISO standard called ISO20000.
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