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Wednesday, February 18, 2004
Modest rise in HLL's net profit
MUMBAI, FEB. 17. Hindustan Lever today proudly claimed that the six brands under its `Power Brands' umbrella joined the $100 million club. These are: Brooke Bond, Wheel, Lux, Lifebuoy, Fair & Lovely and Rin and have achieved more than $100 ...
IPCL issue: Differential pricing for retail investors
MUMBAI, FEB. 17. After the successful disinvestment in Maruti through the capital market (book-building) route, the Central Government today launched its offer for sale of equity shares in Indian Petrochemicals Corporation (IPCL). The bids open ...
Norms soon for intra-circle M&As in telecom
NEW DELHI, FEB. 17.In another major development in the telecom industry, the Government is expected to issue guidelines for intra-circle mergers and acquisitions this week. "The matter of intra-circle mergers and acquisitions will be put up to me ...
Tata Motors eyes SA mega-order
BANGALORE, FEB. 17. Tata Motors was one of five companies eyeing a large order for mini-buses from the South African Government, which was planning to replace as many as 1.5 lakh aging buses with new ones, a company official told reporters here ...
Travelex's `Buy Back Plus'
NEW DELHI, FEB. 17.Global foreign exchange service provider, Travelex, has announced a `Buy Back Plus' scheme, enabling customers to return the unspent foreign currency and travellers cheques at the same rate at which they had been purchased, ...
Gelli back on GTB board
MUMBAI, FEB. 17.Global Trust Bank promoter and former Chairman and Managing Director, Ramesh Gelli, has made a comeback on the board of the Hyderabad-based banking entity. The GTB board has appointed Mr. Gelli as additional director, the bank ...
Scheme extended for coffee growers
COIMBATORE: The Central Government has accorded approval for continuation of the scheme to extend 5 per cent interest subsidy for small coffee growers on their working capital/crop loan raised from financial institution/banks during 2003-04. A ...
Cognizant Q4 revenue up
CHENNAI: Cognizant Technology Solutions Corporation, a provider of information technology services, has reported that its revenue has increased to $108.2 million in the fourth quarter ended December 2003, up 10 per cent from $98.1 million in the ...
Royal Classic to set up spinning unit
CHENNAI: The Tirupur-based Royal Classic Mills plans to establish a state-of-the-art spinning facility as part of its backward integration, according to R. Sivaram, Executive Director, Royal Classic group. The Rs. 20 crore project, to be located ...
Silicon Graphics launches mid-range server
CHENNAI: Silicon Graphics Inc (SGI), provider of mid-range server market, has launched, SGI Altix 350, with a new Intel Itanium 2 processors and 64-bit Linux (Open Source) OS-based server. SGI Altix 350 servers are built specifically for ...
LogicaCMG supports CBSL
BANGALORE: LogicaCMG has successfully implemented the real time gross settlement (RTGS) system and the scripless securities settlement (SSS) system for the Central Bank of Sri Lanka (CBSL). The overall system will enable banks and financial ...
Sierra Atlantic expands Oracle centre
HYDERABAD: Sierra Atlantic announced the expansion of Oracle integration centre of excellence at its global development premises in Hyderabad. According to a release, the development hub will specialise in integrating Oracle e-business services ...
Microsoft's SAM workshop
HYDERABAD: Microsoft Corporation India flagged off six-city Software Asset Management (SAM) workshops in association with National Association of Software and Service Companies (Nasscom). While New Delhi was the first city for the rollout, the ...
Alcatel's VP for the Indian subcontinent
BANGALORE: Alcatel announced the appointment of Ravi Sharma as the Vice President for the Indian subcontinent. This will be in addition to Mr. Sharma's current responsibilities as Managing Director and Country Senior Officer for Alcatel in India ...
Protechsoft achieves CMM Level 4
CHENNAI: Protechsoft Systems, an offshoot of Protech Solutions of the U.S. has been assessed at Level 4 of Software Capability Maturity Model (CMM version 1.1 of the Software Engineering Institute of Carnegie Mellon University, Pittsburgh. The ...
Finolex to strengthen network
KOCHI: Finolex Industries, manufacturers of PVC pipes, is to set up 400 distribution network in Kerala, says Vivek Khandekar, President of the Pune-based company. The company has recently announced a Rs. 525 crore expansion plan aimed at ...
Milgram to set up satellite farm house
KOCHI: Milgram, a milk farmers' cooperative, will set up a satellite farm house in Kizhakkambalam village, in association with Bank of India. About 10,000 farmers will be given training in advanced dairy farm practices in a year-long programme. ...
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