Airlines
Jet Air schedules on mobile phones
JET Airways has announced a multi-pronged tie-up, whereby its latest flight schedule can be accessed through mobile phones.
Jet Airways'Hyderabad-Tirupati
JET Airways has linked Tirupati with Hyderabad with a daily flight from July 1. According to a press release, the airline would be using a Turbo-Prop ATR 72-500 on this sector.
Automobiles
Tie-up is essential for Tata Engg: Ratan Tata
AS major automobile companies acquire large slices of the market through global alliances, the Rs. 8,963-crore Tata Engineering & Locomotive Company Ltd (Tata Engineering) has made its line clearer with the Chairman, Mr. Ratan Tata, seeing a partnership
or alliance as ``essential'' in the company's 1999-2000 annual report.
Corporate
ACC plans stock option scheme for employees
KEEPING in line with the present trend, The Associated Cement Companies Ltd (ACC) has proposed to introduce an Employees Stock Option Scheme (ESOS).
Exquisite Exports to go public
THE Chennai-based Exquisite Exports Ltd (EEL) is coming out with an initial public offering (IPO) of 15.9 lakh equity shares of Rs. 10 each at par aggregating Rs. 1.59 crores.
Foreign Trade
Dumping duty on Korean optical fibre
THE Finance Ministry has clamped definitive anti-dumping duty on all optical fibre originating in or exported from South Korea.
Information Technology
Wipro peripherals unit to become separate co
WIPRO Ltd has announced that the Peripherals Division of Wipro Infotech will be restructured as a separate legal entity.
Sify takes IndiaWorld with revised settlement
SATYAM Infoway Ltd (Sify) has changed the settlement pattern of the IndiaWorld Communications Pvt. Ltd. deal. Against the all-cash deal announced earlier, it will be a cash plus stock settlement now. Under the changed structure, Mr. Rajesh Jain, promoter
of IndiaWorld, will get equity shares of Sify which are not listed on any exchange.
Infrastructure
International airport project -- Karnataka for 40 pc equity from lead promoter
KARNATAKA has insisted on a 40 per cent minimum equity holding from the lead promoter, to be locked in for a period of, at least three years during the construction phase of the Bangalore international airport.
Miscellaneous
Centre accedes port, dockers wage plea
THE Centre has acceded to the Port and Dock workers' demand for wage settlement with retrospective effect, according to Mr. Shanthi Patel, the Hind Mazdoor Sabha leader and President of the Steel, Metal and Engineers Federation of India.
Liberian ship runs aground near Mumbai
A 4,500-grt Liberian vessel, m.v. Ventura, en route to Alang for scrapping, ran aground near Malabar Point off Mumbai, early on Monday morning.
Satyam gets payment from GSIC
HYDERABAD: Satyam Computer Services Ltd has received full payment against the sale of 1.6 per cent stake of local shares of Satyam Infoway Ltd (SIFY) to the Government of Singapore Investment Corporation Pvt Ltd (GSIC). The pre-tax realisation from this
sale of 3,47,200 equity shares of SIFY to GSIC amounts to $49.3 millions, according to a company release here on Monday. -Our Bureau
Mutual Funds
US-64 net sales positive; dividend hiked to 13.75 pc
UNIT Trust of India today hiked dividend under its flagship scheme -- Unit Scheme 1964 (US-64) -- to 13.75 per cent (Rs. 1.375 per unit) for the year ended June 2000 as against 13.50 per cent the previous year.
Payment gateway: Kotak Mahindra in talks with HDFC, ICICI
THE Kotak Mahindra AMC is in discussions with HDFC Bank and ICICI Bank to finalise a payment gateway module for the initiatives that it is taking to make transactions simpler and faster for its investors.
UTI sales target at Rs 20,000 cr
UNIT Trust of India (UTI) is targeting total sales of Rs. 20,000 crores, under all its schemes, for 2000-01. For 1999-2000, UTI achieved total sales of Rs. 16,445 crores, according to the UTI Chairman, Mr. P.S. Subramanyam.
Petroleum
Decontrolled petroproduct prices hiked
THE public sector refineries have announced an increase in the prices of decontrolled petroleum products for July.
Pharmaceuticals
Kee Pharma to launch 12 bio-tech products
THE Delhi-based Kee Pharmaceuticals Ltd (KPL) is planning to launch at least 12 new products in the biotechnology segment in the next three years.
Power
Euro India power project in trouble over high tariffs
THE Euro India Consortium's 195 MW barge mounted power project in Mulki is headed for trouble with the State-owned Karnataka Power Transmission Corporation Ltd (KPTCL) expressing reservations about the high tariffs.
States
Kashmiris want `more than autonomy'
WHETHER it is an unemployed youth in one of the most backward villages in Baramulla district or a senior bank officer in Srinagar, a medical graduate or the executive committee member of the All-India Hurriyat conference, an average Kashmiri in the valle
y is not too enchanted by the ruling National Conference's successfully piloting the autonomy resolution through the Jammu and Kashmir Assembly.
PM to open Tidel Park today
THE Rs. 338-crore Tidel Park, a major initiative by the Tamil Nadu Government for developing infrastructure for software and related activities, will be inaugurated by the Prime Minister, Mr. A.B. Vajpayee, here on Tuesday.
Increase in demand for IMFL in Kerala
THE demand for Indian Made Foreign Liquor (IMFL) in Kerala, which has little over one per cent of the country's area and less than three per cent of the population, is estimated to touch 77.75-lakh cases this year as against the consumption of 67.40-lakh
cases in 1998-99 and the production of 38.51-lakh cases in the State.
APSRTC buses bear the brunt
WHENEVER a political party, or any aggrieved section of the public, resorts to agitation on whatsoever ground, the Road Transport Corporation buses usually bear the brunt of the agitators' wrath.
Bajaj Tempo allays fears
HYDERABAD: Bajaj Tempo Ltd has sought to remove the fears expressed by a section of the people in the State over the safety and stability of its three-wheeler, seven-seater autorickshaw, Minidor, in the context of a couple of major accidents which claime
d the lives of about 10 people in a short span here recently.
7 bids received for Karnataka industrial park projects
SEVEN expressions of interest (EoIs) have been received for the six industrial parks proposed by the Karnataka Industrial Areas Development Board.
Stocks
Stocks set to enter bull phase: UTI chief
STOCK markets are expected to be buoyant this year with corporates exuding strong business confidence and the economy showing signs of sustained growth on the back of a good monsoon, said Mr. P.S. Subramanyam, Chairman, Unit Trust of India.
BSE to push brand image
THE 125-year-old Bombay Stock exchange (BSE) is making a new effort to push BSE as a brand.
Taxation
CBDT to set up cells to help tax payers
THE Central Board of Direct Taxes (CBDT) is setting up special commissionerates called rapid action cells (RAC) to examine specific grievances of different categories of tax payers in a speedy manner. The first such cell will start functioning at New Del
hi from August 1.
Better compliance from corporates boosts tax mop-up
THE corporate sector has been more obedient this year with its tax payment. There has been a larger contribution by the Indian corporate sector towards the direct tax revenue said, Mr. V. Dhananjay Kumar, Minister of State for Finance.
Telecommunications
Long-distance telephony -- Vivendi, SingTel in talks with Bharti
FRENCH media and communications giant, Vivendi, and Singapore's recently-privatised telecom company, SingTel, are vying with British Telecom (BT) for possible joint ventures with Bharti Telecom in the national long-distance (NLD) telephony segment expect
ed to be opened to private operators in a month's time.
Open talk on phone to ring in a rural line
HOW to make telecommunication services available to low-revenue yielding areas? In the last three efforts, there was no bidder for the North Eastern States. Elsewhere, penetration of phones in rural and semi-urban areas, still remains a dream.
Textiles
Shorts, trousers quota premiums shoot up
THE quota premiums for certain fast-moving readymade garments have gone through the roof. The quota premiums for shorts and trousers for the US (Category 347) are around Rs. 350 per piece and is expected to go even higher, according to market sources.
Travel & Places
Are travel agents of a by-gone era?
ARE travel agents, as we know them, passe in today's net enabled world?
Kearney to survey tourism for CII
IN an effort to make India a more tourist-friendly destination, the Confederation of Indian Industry (CII) has commissioned A.T. Kearney to carry out a sample survey of how foreign tourists view India as a tourist destination.
