Monitor

JV in vehicle tracking system

HYDERABAD: The Hyderabad based Bathina Technolgoies (India) (B- TIL) has signed an MoU with EMNET (Emergency Networks) for jointly executing projects and to set up a major vehicle tracking system with GPS, GIS and satellite and wireless communication technologies. EMNET is promoted by Mr. Sam Pitroda, and Mr. M. N. Chaini, President of Reliance Industries. B-TIL acquired the Secunderabad based Octal Systems and APEL Radio Communications Systems (ARCS).

- Our Staff Reporter

Fascel to expand operations

AHMEDABAD: Fascel's subscriber base has crossed the one lakh mark among non-metro category of cities. Mr. K. V. Seshasayee, Chairman of the company said it would soon cover almost the entire State by opening services in Jamnagar and Junagdh districts in the Saurashtra region. It would also provide Internet services on mobiles in collaboration with Nokia which would soon be globally marketing handsets equipped to receive Internet. Mr. Seshasayee denied that the Hinduja group which along with the Sumitomo Corporation of Japan hold 30 per cent stake in Fascel, had any plans to quit the company.

- Our Special Correspondent.

E-service company launched

CHENNAI: Leading professionals in the IT industry have come together to launch CustomerAsset.com, a global e-service company. CustomerAsset.com, is incorporated in Mauritius, will have wholly owned subsidiaries in India, U. K and in the U.S and will offer a complete range of customer interaction and data management services tailored to meet the needs of dot.com clients internationally. CustomerAsset.com will invest Rs. 60 crore in the first year. - Our Corporate Bureau

Escosoft's alliance with IFS and IIS

CHENNAI: Escosoft, the software subsidiary of Escorts, IFS, the world's fastest growing company in business applications and IIS Infotech, the Indian representative of IFS and a leading Indian software subsidiary of the U. K based F. I group, have entered into strategic alliance. This partnership will focus on expanding IFS enterprise business through the combined strength of the partners. This will include the creation of a competency centre at Escosoft Technologies. - Our Corporate Bureau

Balurghat Transport's foray into IT

CHENNAI: The expansion and diversification plans of Balurghat Transport Company have been approved by the shareholders at the extraordinary general board meeting held in Calcutta recently. Balurghat Transport will be changing its name to Balurghat Technologies for entering into the field of Information Technology. The company proposes to launch IT division to take up initially software development, Internet services, multimedia, portal development and E-commerce. The transport division which has been the principal area of activity so long, would continue to operate with the new zeal, according to a release.

- Our Corporate Bureau

Jewels exhibition

CHENNAI: The Chennai edition of Jewels 2000 series of exhibition is all set to hit the city from March 31 to April 3. Organised by ANZ International Trade and Marketing Associates, the second edition at Chennai will be bigger, according to a release. Jewels 2000 is a series of exhibition to be held in number of important cities across the country during the course of the year displaying a wide variety of jewellery from different parts of the country under one roof. The organisation has completed the exhibition at Ahmedabad in January and in Coimbatore in February. More than 40 leading renowned jewellers from New Delhi, Jaipur, Mumbai, Cochin, Bangalore and Chennai will be displaying latest and best of their millennium collections.

- Our Corporate Bureau

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Section  : Business
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