Airlines
UAE operations of IA clock 25 pc growth
THE UAE operations of Indian Airlines have registered a 25 per cent growth in business in the fiscal 1999-2000 over 1998-99, with sales of around Rs. 450 crores and revenue of Rs. 275 crores.
Banking and Finance
RBI advances to Centre double
LOANS and advances by the RBI in the form of ways and means advances to the Central Government has doubled to Rs. 10,333 crores on July 7 from Rs. 5,298 crores during the previous week.
Corporate
Hero Honda Q1 net rises 60 pc
HERO Honda Motors Ltd (HHML), the country's leading motorcycle manufacturer, has reported a 57 per cent jump in net sales at Rs. 728.26 crores for the first quarter of 2000-01, as compared with Rs. 463.07 crores for the corresponding period of the previo
us year.
`MUL to save over Rs. 90 cr thru cost cuts'
MARUTI Udyog Ltd (MUL) is expected to save over Rs. 90 crores during the current financial year, from various cost-cutting measures it is currently implementing under a value engineering programme, Mr Jagdish Khattar, Managing Director of company, has sa
id.
Morepen turnover up 50 pc in Q1
THE city-based Morepen Laboratories Ltd (MLL) has recorded a turnover of Rs. 106.70 crores for the first quarter of the current fiscal, a 50 per cent jump over the figure of Rs. 71 crores recorded during the same period last year.
Electronic test engg centre to be set up at Pune
A memorandum of understanding (MoU) has been signed between the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) and the German Technical Development Agency (GTZ) for the setting up of the Centre for Electronic Test Engineering (CETE) her
e.
Punjab Tractors firms up plans for third plant
PUNJAB Tractors Ltd (PTL), which belongs to the Swaraj Group of companies and which recently completed the second phase of expansion, is planning to establish its third plant in the next couple of years.
UTV eyeing on sound-designing for FM, shooting music videos
IF content business is booming, allied content is not far behind.
Asianet to provide Net through cable in Kerala
ASIANET Satellite Communications (P) Ltd, a cable TV and communication facility set-up, in technical collaboration with Pan Asian Systems, is all set to launch Internet transmission in Kerala through its cable network.
Novartis' demerger plan approved by shareholders
THE shareholders of Novartis India on Friday approved the board of director's recommendation to demerge the company's agribusiness comprising Crop Protection and Seeds businesses into a legal entity.
Information Technology
National long-distance telephony to de freed -- ISPs can have own landing stations: PM
THE Prime Minister, Mr. A. B. Vajpayee, has said that national long-distance operations will be opened up to the private sector before August 15.
Action plan to boost IT -- Centre, States offer duty sops
THE Union Government and the State Governments will allow free right of way facility, with no charge in cash or kind, to access providers to lay optical fibre networks along national highways, State highways and other roads, and only a nominal restoratio
n fee will be charged for providing this facility.
Shed IT's elite tag: PM
EXPRESSING concern over the elitist nature of the development of information technology in the country, the Prime Minister, Mr. A.B. Vajpayee, on Saturday made a fervent plea to make IT available to students from poor and rural families, especially to th
ose from scheduled castes, scheduled tribes and OBCs.
Infrastructure
NCRPB for slotting Delhi expressways in corridors
THE National Capital Region Planning Board (NCRPB) has sought the inclusion of three expressway projects proposed in Delhi in the North-South and East-West corridors.
Miscellaneous
Chamber calls for changes in labour laws
INDIAN Merchants' Chamber (IMC) has sought amendments to three industrial legislations. It has submitted a memorandum to the National Commission on Labour (NCL) asking for changes in the Industrial Disputes Act (1947), the Trade Unions Act (1926) and the
Industrial Employment Act (1946).
Sea erosion issue: Karnataka told to present proposal
THE Centre is willing to consider any ``feasible'' proposal put forward by the Karnataka Government to check sea erosion along the Karnataka coast, according to the Union Minister of State for Finance, Mr. V. Dhananjaya Kumar. He also said that he would
``do his best'' to ensure that funds from the Centre would be speedily sanctioned for any viable coastline protection plan.
Science and technology policy modification must, says Joshi
THE Union Government has decided to have a fresh look at the Science and Technology (S&T) policy. Disclosing this, here on Friday, at a meeting of the Parliamentary Consultative Committee, attached to his Ministry, the Minister for Science and Technolog
y, Dr. Murli Manohar Joshi, said this had become necessary due to the explosive growth in technology worldwide as also to incorporate the new vision of our scientists.
Petroleum
ONGC may offer data processing in 1 year
THE regional headquarters of Oil and Natural Gas Corporation here has acquired a new computer system for processing seismic data records at a cost of Rs. 10 crores.
Power
TNEB urged to buy gas from GAIL
THE Minister of State for Petroleum and Natural Gas, Mr. E. Ponnuswamy today said the Tamil Nadu Electricity Board (TNEB) should commence buying natural gas from the Gas Authority of India Ltd (GAIL), so that the gas producing fields in Tamil Nadu start
generating revenue.
Stocks
Addl volatility margins on 35 BSE scrips
TO check volatility in select speculative scrips, the Bombay Stock Exchange (BSE) has imposed additional volatility margins (AVMs) on a set of 35 scrips from settlement commencing on July 17.
Vortal for stock analysis
MR. Vivek Mahajan, stock market analyst, and Mr. Ravi Khandelwal, stock broker and computer engineer, have launched ChartInfo.com, a vertical portal for core technical analysis of stocks for traders and investors. The portal, which has eight pages, has a
lready achieved 2000 hits a day, according to Mr. Mahajan.
Telecommunications
VSNL bandwidth monopoly may go
THE Prime Minister, Mr. Atal Bihari Vajpayee's announcement here on Saturday that Videsh Sanchar Nigam Ltd (VSNL) will be asked to make necessary changes without any delay in the arrangement with its international submarine carrier partner, FLAG, will si
gnal the end to VSNL's exclusivity over the allocation of bandwidth to domestic service providers.
AirTel on global mobile map
BHARTI Cellular Ltd has announced the launch of AirTel WorldConnect in association with world leaders BT Wireless and AT&T Wireless Group, enabling AirTel mobile customers connectivity in around 60 countries covering 7,000 cities in the US, Canada and Me
xico on a single number.
`MTNL/DTS must also pay cellular entry fee'
THE Cellular Operators' Association of India (COAI) has reiterated its demand that the Government create a level playing field in cellular mobile services by charging entry fee from the third player, the Government-owned Department of Telecom Services (D
TS) or Mahanagar Telephone Nigam Ltd (MTNL), as one of the them is a listed firm and the other on the verge of corporatisation.
Tata Cellular plans to widen reach in AP
TATA Cellular will soon launch its services in 23 more small towns in Andhra Pradesh, as the company is set to expand its network fast, according to Mr. S. Nagarajan, head of the company's marketing division.
