Advertising & Marketing
UB to capture spirit of the times
CAN your favourite whisky be blended the way you want it? This desire may soon turn into reality as McDowell & Co embarks on an ambitious marketing initiative.
Airlines
SIA to start `cyber cabin' trials in Nov
SINGAPORE Airlines (SIA) has committed Singapore $200 millions to install `Cyber cabins' -- a new generation inflight entertainment and communication system providing services such as electronic shopping, e-mail and Internet access -- during the fl
ight.
Corporate
Star TV eyes stake in Hathway Cable
STAR TV, till now bereft of an owned cable distribution arm, is believed to be negotiating the acquisition of an equity stake in the cable network of Hathway Cable & Datacom Private Ltd.
Zee Telefilms appoints A.T. Kearney for recast
ZEE Telefilms Ltd (ZTL) has said that it has hired A.T Kearney, the global management consulting firm, to review and refine ZTL's organisation structure and systems.
Auction route for sale of Killick, Apollo shares
THE controlling block of shares in Apollo Tyres Ltd (ATL) and Killick Nixon Ltd are up for sale. The Custodian, appointed under the Special Court Act 1992, is likely to invite tender offers from interested parties to buy major chunks of shares through an
auction mechanism.
Gautam Singhania at Raymond helm
MR. GAUTAM Singhania today took over as the Chairman and Managing Director of Raymond Ltd from his father, Mr. Vijaypat Singhania, who stepped down as Executive Chairman.
Haldia Petro board studies need for capital recast
THE board of Haldia Petrochemicals Ltd (HPL), which met here today, discussed ``key strategic issues.''
UTI set to retire girl child's gift
THE Unit Trust of India (UTI) has decided to terminate Rajlaxmi Unit Scheme-1992 (RUS-92), which was launched in October 1992 for the benefit of the girl child and received support as a family welfare measure from the Rajasthan Government.
Sonata EGM okays 10 for 1 stock split
THE shareholders of Sonata Software Ltd have approved the 10-for-1 split of its equity shares, that is, each share, which has a face value of Rs. 10, shall be split into 10 shares with a face value of Re. 1 each. The board of directors of the company has
fixed October 9, 2000 as the record date for the stock split.
Global Green completes Saptarishi acquisition -- Plans pvt placement, IPO
GLOBAL Green Company Ltd (GGCL), part of the L.M. Thapar group, engaged in horticulture-based food processing, has announced plans to come out with an initial public offer (IPO) by mid-2002. The company has appointed HSBC Merchant Banking as its lead man
ager for the issue.
Courts
SC ruling on specific terms, conditions of sale
IT is abundantly clear that the court is the custodian of the interests of the company and its creditors. Hence, it is the duty of the court to see that the price fetched at the auction is an adequate price even though there is no suggestion of irregular
ity or fraud.
Economy
Role for slum dwellers in administration urged
ONLY when the slum dwellers are made partners in the city administration process will there be scope for urban development and human rights, according to Mr. Jockin Arputham, from the National Slum Dwellers Federation, who recently won the Ramon Magasasa
y Award.
Catalyst for decisions
COME to think of it, the official foreign jaunts of the level of the Prime Minister - like the one to the US for which Mr. Atal Bihari Vajpayee emplanes in the wee hours of Thursday - should be organised a bit more often. For, whatever be the outcome of
this fortnight-long visit, as other such visits before, there are some indirect benefits that come out clear.
Definitive dumping duty on aniline from Japan, US mooted
THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on imported aniline from Japan and the US. Aniline is a primary amine compound and a basic organic chemical essential for vital industries such a
s drugs, pharmaceuticals, dyes and dye intermediates.
Environment
Tech for efficient treatment of waste
EMERGING global emphasis on optimum value addition to waste material necessitates development of technologies for treatment of waste, for hardly six per cent of the solid waste generated everyday was being put to efficient use, observed Dr. S. Kamaraj, C
o-ordinator of Biogas Training Centre, Tamilnadu Agricultural University.
Information Technology
Wipro ADR/GDR issue cleared
THE Government has cleared the proposal put up by infotech major, Wipro Ltd, to issue American Depository Receipts/ Global Depository Receipts (ADRs/GDRs) aggregating $ 500 millions (including a greenshoe option).
Pact with Australia soon for IT cos networking
THE Indian and Australian Governments have concluded negotiations for an agreement, which would ``provide a framework'' that would enable better networking of IT companies in both the countries, the Australian High Commissioner in India, Mr. Rob Laurie,
said on Wednesday.
Policy
Cable TV Bill gets President's nod
THE President, Mr. K.R. Narayanan, has given his assent to the Cable Television Networks (Regulation) Amendment Bill, 2000 and the Border Security Force (Amendment) Bill, 2000. With this, these two Bills have been notified in the Gazette of India as Act
number 36 and 37, respectively, for this year.
States
Tax reform panel in Karnataka seeks feedback
THE Tax Reforms Commission of Karnataka today released a 51-page questionnaire and sought feedback by September 30 on changes to be made in the State's taxation system.
First Kerala travel mart to be held in Kochi
In an effort to market Kerala as a tourist destination among domestic and international travellers, the first Kerala travel mart is being organised at Kochi during October 5-7 this year.
CMFRI project for technology transfer
THE Central Marine Fisheries Research Institute (CMFRI) will soon launch an innovative project to provide a single window technology transfer system for technological empowerment among the coastal communities.
We will go ahead with power reforms, says Naidu -- IBRD papers tabled in AP Assembly
AFTER a year-long debate over the terms and conditionalities of the World Bank loan to Andhra Pradesh, the State Government today tabled in the Assembly a series of documents and agreements signed with the Bank for its multi-sectoral loan, including the
$1-billion power sector restructure loan.
AP disputes CII-sponsored study findings
THE Andhra Pradesh Government has disputed the recent findings of a study undertaken by the Rajiv Gandhi Institute of Contemporary Studies for the Confederation of Indian Industry (CII) which places Andhra Pradesh eighth among investment destinations in
the country behind smaller States like Delhi and Goa.
Crop loss feared in three Bengal districts
With at least three of its districts facing a near drought situation, West Bengal fears a crop loss.
Bid to check duty evasion
Excise has opened regional units under the Directorate of Anti-
Taxation
New I-T tribunal office in Chandigarh
THE Union Minister for Law, Justice and Company Affairs, Mr. Arun Jaitley, inaugurated a new office accommodation for the two benches of the Income-Tax Appellate Tribunal (ITAT) at Chandigarh on Wednesday.
Telecommunications
VSNL monopoly to end early -- Cabinet approves STD, ISP sops as compensation
Private telephone operators will be allowed to carry international voice traffic (ISD calls) from the country ahead of the original schedule of April 2004, with the Government announcing that the state-owned incumbent, Videsh Sanchar Nigam Ltd (VSNL), wi
ll cease to be a monopoly with effect from April 1, 2002.
