Corporate
Egmont to buyout IE stake in joint venture
EGMONT International Holdings, the Denmark-based media and entertainment house, will be buying the stake of Indian Express in its joint venture - Indian Express Egmont Publications Ltd. (IEEPL).
BPL Innovision to set up offshore centre for Nortel
BPL Innovision Business Group, the reorganised entity of BPL Telecom Group, will be setting up an offshore software development centre (ODC) in the Electronic City here for Nortel Network Corporation. The ODC is to be set up at an investment of Rs. 30 cr
ores.
Miscellaneous
Hughes Escorts bags VSAT order
MUMBAI: Hughes Escorts Communications has received an order to provide a Very Small Aperture Terminal (VSAT) satellite communication network from Sesa Goa Ltd.
STG completes forestry information project
NEW DELHI: Software Technology Group International Ltd (STG) has completed a World Bank-funded project -- Indian Forestry Research Information System (IFRIS) -- on behalf of the Indian Council for Forestry Research and Education (ICFRE), Dehra Dun.
Mutual Funds
JM MF to focus on retail distribution
JM MUTUAL Fund plans to focus on retail distribution of its various products and the launch of a slew of new schemes. As a part of a major revitalising exercise, plans are afoot to strengthen its branch network and attain a significant growth in the sale
s of mutual funds units.
Telecommunications
Modi Telstra to be called Spice Telecom
MODI Telstra, Calcutta's cellular service provider, shall now be called Spice Telecom. The change in the company's name follows the buyout by ModiCorp & Associates of Telstra's 49 per cent stake in the erstwhile Indo-Australian joint venture.
