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Bharti to buy stake in Hexacom
NEW DELHI, APRIL 5. The Bharti group today announced that it would soon acquire majority stake in the Rajasthan-based cellular operator, Hexacom. For acquiring 67.5 per cent stake in Hexacom India Limited, Bharti Tele-Ventures will have to shell ...
Outsourcing is here to stay
NEW DELHI, APRIL 5. Despite intense debates in the U.S., outsourcing is here to stay, so the best way to beat the flak is to make the U.S. public see reason and buy globalisation as a win-win situation. While that was the general consensus at a ...
Aircel Tele's plans
CHENNAI, APRIL 5. The Chairman of Sterling group, C. Sivasankaran, said the group had applied for cellular licence in eight circles — Uttar Pradesh (West), Uttar Pradesh (East), Madhya Pradesh, Bihar, Orissa, Assam, North-East and West ...
NTPC to file review petition
NEW DELHI, APRIL 5. Hit adversely by the impact of new tariff order, the National Thermal Power Corporation (NTPC) plans to file a review petition before the power regulator, Central Electricity Regulatory Commission (CERC), even as it is ...
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Rupee gains
Institutional buying props up Sensex
Modicare to foray into services
M&M sales rise
Strong growth seen in world trade
Tax collections off target
MMTC turnover to touch Rs. 10,000 cr.
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Briefly
GAIL, Tata, BP to bid for Dabhol
NEW DELHI, APRIL 5. GAIL (India) Ltd, Tata Power and British Petroleum today signed an agreement to jointly bid for acquiring Dabhol power plant and the adjacent LNG terminal in Maharashtra. "GAIL, Tata Power and BP will now jointly engage with ...
Additional sugar released
NEW DELHI, APRIL 5. The Centre today released 1.09 lakh tonnes of sugar for indigenous free sale by revalidating release orders relating to unlifted free sale quota pending since October 2003. This is in addition to 16.16 lakh tonnes of sugar ...
Reliance roaming facility
MUMBAI, APRIL 5. Reliance Infocomm has launched international roaming services that would allow Reliance IndiaMobile (RIM) customers to roam internationally on GSM networks. The facility would be initially offered through Reliance WebWorlds ...
Avaya Mauritius' open offer
MUMBAI, APRIL 5. Following an agreement to pick up 25.1 per cent stake in Tata Telecom from the Tata group, Avaya Mauritius Ltd and associates are making an open offer to TTL shareholders to acquire up to 28.46 lakh company shares of Rs. 10 each ...
Yes Bank's new country head
NEW DELHI, APRIL 5.Yes Bank, which is slated to start operations shortly, has appointed Ajay Mahajan as its Country Head of financial markets. — PTI ...
PSG College, eSTEL sign pact
COIMBATORE: The PSG College of Technology and Elgi Software and Technologies Ltd. (eSTEL), both based in Coimbatore, have signed an agreement to set up a "Centre for advanced applied technology" at the college premises. The centre, aimed at ...
ICICI Bank bets on retail financial services
CHENNAI: The resurgence in the Indian corporate sector, large untapped insurance potential and low credit penetration will provide sustainable business opportunities for ICICI Bank, according to Nachiket Mor, its Executive Director. Mr. Mor said ...
Stovekraft to strengthen presence in South
CHENNAI: The Bangalore-based Stovekraft Pvt. Ltd., a part of the Vardhman group, plans to focus on its own brand, Pigeon, and to strengthen its presence in the southern market in the coming years, according to Rajendra J. Gandhi, Managing ...
IBM's feat in notebooks segment
CHENNAI: IBM India has recorded 31.3 per cent market share (in respect of revenue) in the notebooks segment in 2003 against 27.6 per cent in the previous year, according to International Data Corporation (IDC). In its for 2003, IDC has stated ...
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