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Saturday, December 18, 2004
Koreans vie for Indian mobile handset pie
CHENNAI, DEC. 17. If LG comes, can Hyundai be far behind? Well, the Koreans are readying to spread their mobile handset war to a different terrain and into India to be precise. Hyundai India Telecom Ltd. today announced in Delhi that it had got a ...
Russia to sell Yukos despite U.S. court ban
MOSCOW, DEC. 17.Russia has rejected a U.S. court order blocking the sale of the main production unit of the embattled Yukos oil giant and said the auction will be held as planned on Sunday. "I don't think there will be any delays,'' said Sergei ...
Nicholas to buy Rhodia's inhalation business
MUMBAI, DEC. 17. Nicholas Piramal India Ltd. (NPIL) has announced that it will acquire the business related to the inhalation anesthetic products of Rhodia Organique Fine Ltd. (ROFL) for a consideration of 7 million pound sterling. The ...
New Rs. 500, Rs. 1,000 notes to be issued
KOLKATA, DEC. 17.The Reserve Bank of India has decided to issue new design notes of Rs. 500 and Rs. 1,000 denominations in 2005, the RBI Executive Director (Currency Management), P. K. Biswas, said. These notes would have additional security ...
Ashok Leyland floats logistics firm
MUMBAI, DEC. 17.Ashok Leyland has promoted a new company, Ashley Transport Services Ltd., to provide information exchange and integrated logistic services to handle the freight business, the company informed Bombay Stock Exchange here today. ...
Takes stake in Jyoti Structures
MUMBAI, DEC. 17.Reliance Energy Investments Pvt. Ltd., a Reliance group entity, has acquired 14.47 per cent stake of Jyoti Structures Ltd. The mode of acquisition is by way of preferential allotment of 20 lakh shares on December 16, the ...
HCL Tech buys stake in U.S. firm
NEW DELHI, DEC. 17.HCL Technologies has acquired 51 per cent stake in the U.S.-based technology company Aalayance for $1.9 million. The investment will be made through its wholly owned subsidiary, HCL Technologies Bermuda Ltd, the company ...
TCS bags Taiwanese project
MUMBAI, DEC. 17.Tata Consultancy Services has bagged an enterprise-wide application development project from the Taiwan-based Eastern Home Shopping & Leisure Company Ltd.
TVS Motor bags TPM award
CHENNAI: TVS Motor Company has bagged the first category total productive maintenance (TPM) excellence award from the Japan Institute of plant maintenance, a unit of Japan Management Association. In a brief ceremony held in Tokyo, Japan, C. P. ...
Sonata Software's offshore centre in U.K.
CHENNAI: Sonata Software has signed a multi-year outsourcing services contract with TUI of the U.K. Under the agreement, Sonata will develop e-business solutions, provide application management services and develop and implement Oracle ...
Calsoft's seminar for business community
CHENNAI: Microsoft business solutions partners, Microsoft Navision and California Software Company (Calsoft), on Friday jointly organised a one-day seminar for the business community of Chennai. Aimed at practicing business managers grappling ...
ISO 9000-2001 for TTK Healthcare
CHENNAI: TTK Healthcare Services, a pioneering company in the business of third party administration (TPA) services to insurance companies has been awarded the ISO 9000-2001 certification. The role of a TPA is to fundamentally facilitate a ...
SAT sets aside SEBI order on Integrated
CHENNAI: The Securities Appellate Tribunal (SAT) has set aside the Securities and Exchange Board of India (SEBI) order issued in July suspending the registration of Integrated Enterprises as a depository participant for six months. The company ...
New MD for Whirlpool
CHENNAI: Whilrlpool of India has announced that Arvind Uppal will be joining as Managing Director effective February 16. Mr. Uppal joins Whilrlpool from Nestle where he was head of its Indochina food business unit in Vietnam. He held various ...
More Sri Lankan flights from Kozhikode
KOZHIKODE: Sri Lankan Airlines would be increasing frequency of its Kozhikode-Colombo flights from five to six times a week from December 21. This was announced on Friday by the airlines Head of Commercial, G, T, Jayaseelan. The airline began its ...
Corporation Bank, Corp Bank Homes to merge
MUMBAI: Corporation Bank is planning to merge Corp Bank Homes Ltd., its wholly-owned subsidiary, with itself. The board would consider a proposal on December 27 to merge the housing finance company subsidiary with the bank, the bank informed the ...
Su-Kam's R&D centre gets recognition
NEW DELHI: The in-house research and development centre of electrical appliance company, Su-Kam Communication Systems Limited, has got recognition from the Central Government's Department of Scientific and Industrial Research. "We have around two ...
HDFC Bank's referral programme
NEW DELHI: To further strengthen its retail banking initiatives, HDFC Bank has unveiled a unique referral programme wherein any customer getting seven or more NRI accounts will have an opportunity to win attractive prices, including international ...
Tata Motors ED gets award
NEW DELHI: Tata Motors Executive Director (Finance and Corporate Affairs), Praveen P. Kadle, has been awarded the prestigious `CFO of the Year 2004' award. The award, instituted by IMA India, has been conferred on Kadle for his contributions ...
Hero Honda bags award
NEW DELHI: Hero Honda has bagged the best governed company award in the private sector from the Institute of Company Secretaries. The award was given by the Union Minister of State for Company Affairs, Prem Chand Gupta, to Hero Honda Chairman, ...
Hyderabad to host Gitex
HYDERABAD: Delegations of IT professionals comprising hardware manufacturers, IT solution providers, telecom equipment manufacturers and hardware and software vendors from China, Germany, Hong Kong, Japan, Korea, the U.S., South Africa and Taiwan ...
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