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Wednesday, December 15, 2004
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No targets set for Investment Commission
NEW DELHI, DEC. 14.The Government has left unspecified the quantum of investment that the new Investment Commission, set up under the chairmanship of Ratan Tata, would solicit during its three-year term. Apart from Mr. Tata, Ashok Ganguly and ...

Indirect tax collections up
NEW DELHI, DEC. 14. The total revenue collection from indirect taxes up to November was Rs. 1,02,553.25 crores as compared to Rs. 91,790.21 crores during the corresponding period of the preceding financial year. At this level, indirect tax ...

Fresh show cause notice slapped on Reliance Info
NEW DELHI, DEC. 14. The Central Government today slapped a fresh show cause notice on Reliance Infocomm on the Rs. 150 crore penalty it had proposed to levy on it for allegedly passing off international calls as local calls, causing "massive ...

Italian firm to expand India operations
CHENNAI, DEC. 14. The Italy-based tractor and industrial diesel engine manufacturer, Same Deutz-Fahr group, plans to invest Rs. 60 crores in the next three years to expand its India operations. Kamal Bali, Managing Director, Same Deutz-Fahr ...

PeopleSoft acquisition: impact on Indian vendors
CHENNAI, DEC. 14. The suspense is over. The worry may, however, persist. Yet, these Indian firms are putting up brave faces. One thing, however, is clear. The Enterprise Resource Planning (ERP) space in the globe will see a major metamorphosis ...

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Barometer


Briefly
Deutsche Bank loan for Reliance
NEW DELHI, DEC. 14. Reliance has signed a Rs. 680-crore financing deal with Deutsche Bank for expanding its polyester plants in Hazira and Patalganga. Reliance will use the funds for importing equipment. The financing deal was signed in ...

Two directors for SEBI
NEW DELHI, DEC. 14.The Government has appointed G. Anantharaman and Madhukar as whole-time members of the Securities and Exchange Board of India. They will hold office till attaining the age of 62 or until further orders whichever is earlier. ...

Essar Steel to issue instruments
MUMBAI, DEC. 14. Essar Steel today decided to issue convertible instruments overseas for an aggregate amount up to $500 million to fund potential acquisition of balance equity in Hygrade Pellets and 100 per cent equity in Steel Corporation of ...

Apple's new launch
MUMBAI, DEC. 14. Apple Computer International Pvt. Ltd. today introduced its iPod Photo, the newest addition to its iPod series of music storing devices, in India. "iPod Photo, which is being rolled out in two models of capacity 40GB and 60GB, ...

One-day programme on quality of life
COIMBATORE: The Coimbatore Productivity Council (CPC) is organising a one day programme on "Quality of Work Life" on December 18 between 9.00 a.m. and 5.00 p.m. at the conference hall of the CPC at Vyshnav Buildings, third floor, 95 A, Race ...

Entrepreneurship encouragement programmes
COIMBATORE: The Office of the General Manager, District Industries Centre, is organising a monthly block level programme to encourage entrepreneurship in rural areas. A release from the District Collector, S. Kosalaraman, said that such ...

CII launches Brand Finale
CHENNAI: The Confederation of Indian Industry (CII) has launched Brand Finale, the annual `CII Brand of the Year' award. It aims to recognise the most powerful brand in the Indian market in the B2C space (business to consumer). Brand Finale, with ...

SBI Magnum Balanced Fund declares dividend
CHENNAI: SBI Mutual Fund has declared a dividend of 20 per cent under Magnum Balanced Fund. The record date has been fixed as January 19. In the financial year 2003-04, the fund had declared a dividend of 34 per cent. ...

Syndicate Bank launches retail product
CHENNAI: Syndicate Bank has launched Synd Yatra, a retail loan product that caters to domestic and international travel for holiday, personal and business travel undertaken by its customers. Under this scheme, the bank will be offering loan up to ...

T-series introduces true flat TV
KOCHI: The Delhi-based Super Cassettes Industries has launched true flat television, T Series Planus-21 in the Kerala market. The model is available at a price of Rs. 10490, says a release. Our Special ...

Insurance for electricians
KOCHI: Finolex Cables has signed an agreement with Bajaj Allianz General Insurance Company for insuring electricians from all over the country. The group insurance scheme, which is the largest such deal in the state covering over 25,000 ...

KLF Nirmal coconut oil launched
KOCHI: The Irinjalakuda-based KLF Oil Industries has launched Nirmal coconut oil with new technology. The technology minimises the moisture content in the oil thereby heating the oil quickly and reduces the absorption of oil in the food item, ...

Direct Edge's Thiruvananthapuram operations
KOCHI: Direct Edge Consultancy, earlier known as Turning Point, a Kochi-based HR service provider, has started its operations in Thiruvananthapuram, says a release. Our Special ...

Nutrine launches Hazelnut
KOCHI: Nutrine Confectionery has launched Hazelnut Eclair and is priced at Re. 1 per unit, says a release.

Our Special Correspondent



CII-AP to organise GMP summit
HYDERABAD: The Confederation of Indian Industry (CII), Andhra Pradesh, is organising the "CII-GMP Summit Series 1: Focus Pharma" on December 20 and 21 here. According to a release issued here on Tuesday, this is the first of the series designed ...

Wipro's desktop help for U.K. travel firm
BANGALORE: Wipro Technologies said on Tuesday that it had won a "five year, multi-million dollar contract" to provide desktop support to TUI UK, a travel agency. Wipro Technologies' remote infrastructure practice would support some "10,000 ...

Aventail joins Microsoft's NAP programme
BANGALORE: Aventail Corporation, a leading SSL VPN product company, has joined Microsoft's newly launched network access protection (NAP) programme. NAP is a policy enforcement component of the Microsoft Windows server operating system, ...

Hitachi Data Systems' major moves
BANGALORE: Hitachi Data Systems Corporation, a wholly owned subsidiary of Hitachi, on Tuesday announced major moves that would enable its rapid expansion into the global SMB markets. These moves, backed by a significant investment by Hitachi in ...

Caritor gets new GM
BANGALORE: Caritor, a total-technology solutions provider, on Tuesday announced the appointment of Dulles Krishnan as General Manager - Business Development. In his new position, Mr. Dulles would be responsible for business development in ...

Airtel launches new service
NEW DELHI: Airtel on Tuesday announced the launch of "Airtel Collect SMS" that allows all Airtel subscribers to send toll-free SMS to another Airtel customer, with the option to the receiver to pay for reading the SMS. At present, the new service ...

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