Godrej-GE part ways in appliances venture -- Name change comes into effect
THE American industrial conglomerate GE has formally exited the joint venture Godrej-GE Appliances Ltd, with the former completing the divestment of its equity stake in the venture, according to sources in the company.

Fire on all cylinders, SBI goads employees
THE threat of competition from the emerging genre of private sector banks appears to have instilled the `killer' instinct in public sector banks. And taking the lead here is none other than the banking behemoth, State Bank of India, which announced a VRS for its employees recently.

Sierra Atlantic to acquire majority stake in Optima -- Fresh EGM tomorrow as SEBI norms change
SIERRA Atlantic Inc., the US-based application networks company, is set to acquire a controlling stake in Sierra Optima Ltd (SOL), the Hyderabad-based software solutions company, through the preferential allotment route.

PM's meet with Ministers enthuses trade
THE two-hour long meeting of Union Ministers called by the Prime Minister, Mr Atal Bihari Vajpayee, on Wednesday may have been inconclusive, but it was enough to convince a large section of trade and industry that the National Democratic Alliance (NDA) G overnment is keen to push forward the disinvestment process and work on removing road-blocks to economic slowdown.

At Pentahome, it's a woman's world
IN times of tight purse strings, how do you induce employees to have a sense of belonging in your company? What's better than an employee stock option plan now that the ESOP has been weakened by an even weaker bourse atmosphere? Simple. Just get the empl oyee's spouse to become an associate of the company's venture and you have a family, leave alone a single employee, committed to your company.

LCA does `a beautiful take off and touch down'
THE Light Combat Aircraft (LCA), spearheaded by the Aeronautical Development Agency (ADA) and over 80 other organisations, which was conceived as early as 1983, flew its maiden flight here on Thursday at 10.18 a.m.

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