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Devegowda assails new EXIM policy, demands review BANGALORE, Apr 3: Former Prime Minister H D Devegowda today criticised the new EXIM policy, saying it would deal a severe blow to......more T-Series to vend NEW DELHI, Apr 3: Super Cassettes Industries Limited (SCIL) is planning to join hands with a silicon valley-based ....more Project launched for
development of CHANDIGARH, Apr 3: The Union Ministry of Health and Ayurveda has recently launched an ambitious "vanaspati van" ....more HC admits MTNL petition against TRAI’s notice to its chief NEW DELHI, Apr 3: The Delhi High Court today admitted a petition by Mahanagar Telephones Nigam Ltd (MTNL) challenging a notice by Telecom ......more |
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Daewoo to introduce ‘Year 2000 Matiz’ at existing rates SURAHPUR, Apr 3: Daewoo Motors India Limited today said it was all set to introduce a . .....more Construction of sales Excelsior Correspondent JAMMU, Apr 3: Prominent lawyers of Sales Tax Bar Association in a meeting. ....more
NEW DELHI, Apr 3: In thin trading, gold prices declined on the bullion market........more IDMA LABORATORIES LTD, LAUNCHES ITS CONSUMER HEALTH DIVISION. Idma is a NRI based public Ltd, listed company, one of the largest integrated testing ......more |
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Devegowda assails new EXIM policy, demands review BANGALORE, Apr 3: Former Prime Minister H D Devegowda today criticised the new EXIM policy, saying it would deal a severe blow to agriculture sector, SSI and people living Below Poverty Line and demanded its review. Gowda warned at a press conference here the four former premiers including himself would launch an agitation against the Centre’s decision to give effect to the second phase of economic reforms. He also cautioned that people affected by reforms, which according to him obliterated several sectors of economy, including agro-based industries like animal husbandry and SSIs, would revolt against the Government. Assailing the new EXIM policy under which the Government had shifted 714 commodities from the restricted list, he said it was the ‘gift’ by the BJP Government, which had earlier fought against economic reforms under its Swadeshi Andolan. The new policy, Gowda said, would result in dumping of goods from other countries despite imposition of import duties. He alleged that the BJP Government signed an agreement with US during December last, without even discussing it in Parliament, to bring in the new policy under the dictates of World Bank and major industrialists. (PTI) |
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T-Series to vend music on internet NEW DELHI, Apr 3: Super Cassettes Industries Limited (SCIL) is planning to join hands with a silicon valley-based company to hawk music through the net. In addition, the company is planning to set up a separate joint venture company with Time Warner Music for introducing international rock and pop bands in India under the T-Series brand, SCIL Managing Director Bhushan Kumar told UNI here. "Talks are in an advanced stage with a US software company for setting up the portal site which will also allow one to download music in MP3 format and streaming video," he added. Through the venture, a downloading system would be put on the net. Towards this end, SCIL would soon start converting its existing library of music into MP3 format. Targetted at the Indian diaspora, the portal is expected to be up and running in the second half of the year. The entire logisitics of maintaining the E-commerce site is expected to be handled by the US partner. Super Cassettes and its foreign partner would work on a profit-sharing basis and the music rights will remain with Super Cassettes. Regarding the proposed tie-up with Time Warner Music, Mr Kumar said in the first phase, both the companies are negotiating a licensing agreement whereby the international bands under Warner Music would be released in India under the T-Series brand. "For the initial two years, we would be marketing international music here under the licensing agreement on royalty payment basis. After two years, we intend to convert this into a separate joint venture company, with equity investments by both SCIL and Time Warner Music," he added. Though initially both the firms are targetting the music world with this new venture, Mr Kumar added, "in the future, we can also think of joint production of movies, provided both partner find it feasible." the new company would be independent of SCIL. The venture, he said, is part of the SCIL group’s thrust on its music business. "T-Series today controls around 65 per cent market in film music and Hindi pop albums. We are now planning to expand our horizons into ghazals and even english music. We have lined up some big artistes in the ghazal field, including Jagjit Singh. For the foray into english music, we are joining hands with Times Warner." The SCIL-Time Warner deal is expected to be finalised close on the heels of the completion of the global merger of US-based Time Warner and UK’s EMI Group. EMI Group is merging its music business with Time Warner in a 50-50 joint venture called Warner EMI Music. The group will be valued at about 12 billion sterling, and will be the world’s largest music group with annual revenues of about 4.9 billion sterling. EMI’s most powerful stars include the rolling stones, the spice girls and radiohead, while Time Warner has solo artistes and bands like cher, goo goo dolls, staind and red hot chilli peppers under its wings. Meanwhile, Super Cassettes Industries Limited is also planning a major thrust on film production and has lined up several big names in the film industry for directing their films. It is also planning to become a major force in the consumer electronics sector and has tied up with the six billion dollar Sichuan Changhong Electric Company Limited of China for marketing DVD Players and Video CD Players under the T-Series-Changhong Brand in India. The DVD player is priced at Rs 20,000 while the VCD player would sport a price tag of Rs 9,000. The VCD player, he claimed, has all the features that are currently available in the Indian market besides being the only VCD player having RF output. It also comes with a FM karaoke cordless microphone for free. SCIL, he said, is also launching old time Hindi movies on DVDs. In addition, the company is planning to increase the variety of music available on its cassettes as well as penetration in the market. "We intend to grow into a leadership position in home entertainment in the year 2000." In addition to the tie-up, the Rs 300 crore SCIL will continue to market indigenously produced audio systems and colour televisions under the existing T-Series brand. The company also has an existing tie-up with Hyundai Corporation for producing Video CD players. "We will continue to market these products directly through scil. They will complement the Changhong range and not compete with it," he said. SCIL is also eyeing a foray into the home appliances market. "We already have ceiling fans under the T-Series brand...And are planning to extend it to toasters and mixer grinders. We intend to make these products indigenously." (UNI) |
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Project launched for development of medicinal plants CHANDIGARH, Apr 3: The Union Ministry of Health and Ayurveda has recently launched an ambitious "vanaspati van" project for development and conservation of medicinal plants in the alpine areas of Himachal Pradesh with an outlay of Rs 8.27 crore. Himachal Minister of State for Ayurveda Mohan Lal said yesterday the zone of Masrund-Mani-Jhalara-Sangahar hill-sides in the state had been identified for development as "vanaspati van" stretching up to 2530 hectares and having an altitude of up to 2700 metres. The Himachal Government had constituted a society for cultivation of medicinal plants to organise training programmes to generate awareness of the utility of medicinal herbs, he said. Inhabitants of these regions would cultivate herbs in collaboration with the Forest and Ayurveda Department officials. The yield of herbs produced by the local people would be procured by the society at remunerative prices for use in the pharmaceutical industry. The Ayurveda Minister said that out of 3000 flowering plant species, more than 500 species were found to be having medicinal properties. More than forty species of medicinal plants in Himachal Pradesh had been declared endangered. The project would conserve and enrich the depleting natural herbal resources, build up a salubrious environment and develop the agro-techniques of the medicinal plants cultivation besides providing nature cure. The vanaspati project being a perennial project would pave way for revitalising the economy of local residents, the minister said. (UNI) |
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HC admits MTNL petition against TRAI’s notice to its chief NEW DELHI, Apr 3: The Delhi High Court today admitted a petition by Mahanagar Telephones Nigam Ltd (MTNL) challenging a notice by Telecom Regulatory Authority of India (TRAI) to its Chairman on launching of the cellular service by the Nigam last year. A division bench of Justice Arun Kumar and Justice D K Jain, while admitting the petition said the stay granted by it on October 12, 1999 on TRAI’s notice would continue till final disposal of the case. The case will now be listed for regular hearing by the court. The petition was admitted after MTNL General Manager (Technical) Praveen Sharma said that TRAI’s show-cause notice to Nigam’s Chairman-cum-Managing Director S Rajagopalan still holds good as no appellate authority has been set up by the Government to hear an appeals againt regulator’s order. TRAI has been reconstituted by the Government after Parliament giving approval to a bill to this effect but the appellate authority is yet to be constituted, he said. So long as the appellate tribunal was not set up by the Government, there was no other forum available to seek remedy against TRAI’s order, Sharma said. The court in its interim stay on October 12 last year had restrained TRAI from proceeding against MTNL chief on the issue of launching of the mobile services in the capital from Gandhi Jayanti. (PTI) |
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Daewoo to introduce ‘Year 2000 Matiz’ at existing rates SURAHPUR, Apr 3: Daewoo Motors India Limited today said it was all set to introduce a high performance model, Year 2000 Matiz at the existing price range. A company release said the features of the M-Tec (magic and maximum power technology) will make the car more responsiveness, have better acceleration, improved power and performance in city driving conditions as well as better fuel economy. The company claimed that with the new model, the car’s fuel economy would improve by 15 per cent in city driving and 5-6 per cent in highway driving conditions. However, despite the modifications in engine and changes in features, the company decided not to increase the price of the car. The overall changes to all variants include new fabric design, adding new life to the interior, improved engine performance, improvement in body and chassis resulting into reinforced tail gate and better suspension, stainless steel muffler for preventing rusting of exhaust pipe. In se model, fabric insert door panel will be provided while in SP model, metal grain instrumental panel will be fitted. The company said with the improved engine, the average fuel efficiency of Matiz was expected to further improve by about 10 per cent. It said there has been a change in the vehicle acceleration that has improved by 10.8 per cent in 0-50 km/h and 5.8 per cent in 0-90 km/h. It also gives a better feel of power/torque at part throttle in the range of 8 per cent to 22 per cent and enables better pick up. (UNI) |
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Construction of sales Tax Tribunal hailed Excelsior Correspondent JAMMU, Apr 3: Prominent lawyers of Sales Tax Bar Association in a meeting today appreciated the constitution of Sales Tax Tribunal in the State. Speaking on the occasion, Vinod Suri, Advocate general secretary of the Sales Tax Bar Association welcomed the formation of Sales Tax Tribunal and congratulated the Finance Minister, AR Rather for his keenness and promptness in meeting the long pending demand of the Sales Tax Lawyers and Trade Community of State. It was also impressed upon the Finance Minister that the nominations for Tribunal chairs must be from members of judicial functionaries like Sales Tax lawyers, members of judicial services etc in order to deliver real justice to the trade sector through this appellate Tribunal. Senior members of the Sales Tax Bar Association Jammu Subash Dutt, BM Magotra, Mohinder Gupta, Rakesh Kapahi, Krishan Gupta and Vijay Nagpaul stressed that the Tribunal members must be appointed from the members of the Bar Association. |
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NEW DELHI, Apr 3: In thin trading, gold prices declined on the bullion market today on reduced offtake in the absence of any supporting factor and closed with losses. Silver was steady in scattered small deals and quoted at last levels while weekly delivery rose on the back of speculators buying, hoping a recovery trend in near future. Marketmen said despite some firmness in gold prices in other Asian markets, trading was range bound and settled nearly previous levels. They said a national holiday in Hong Kong market on Tuesday was the main reason for dullness in the other markets. Standard gold and ornaments declined by Rs.10 each at Rs.4400 and Rs.4250 per ten gram respectively. Sovereign remained steady at Rs.3800 per piece of eight gram. Silver .999 (ready) was unchanged at Rs.7720 per kilo on lack of buying activities while weekly deliver rose by Rs.55 at Rs.7740 per kilo. Silver coins held unchanged at Rs.10,700/11,000 per 100 pieces. The following were today’s quotations: Silver .999 (ready) 7720 and delivery 7740. Silver coins buyer 10,700 and seller 10,900. Standard gold 4400, ornaments 4250 and sovereign 3800. (PTI) |
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IDMA LABORATORIES LTD, LAUNCHES ITS CONSUMER HEALTH DIVISION. Idma is a NRI based public Ltd, listed company, one of the largest integrated testing laboratories in India. After the successful launch of its testing division in 1980. It started with its pharma Division which presently includes 45 Allopathic medicines. Idma has recently got exclusive marketing rights of a Spanish MNC Also Union of Spain. Idma floated its consumer health division under its umbrella and developed formulated and done extensive and intensive market research, tests and surveys. In the year 1998, Idma's Consumer Health Division came out with 10 Ayurvedic formulations and started marketing these formulations in the northern states through its selective distribution network, which presently has presence all over India, Nepal, Bhutan, Burma, and Sri Lanka. All the formulations in this Division are speciality life style products dealing with the specific problems i.e. XS Power capsules & Cream dealing with the specific problems i.e. impotency and sexual weaknesses: REVIVAL capsules are super energisers which removes nervousness, fatigue, stress, tension and keep the energy level at the required level; HERBNY medicated hair nourisher oil is an antigreying formula that stops the greying of hair, hair falling and dandruf. MENSULATOR PLUS in the capsule form is meant for different problems of ladies regarding iregularity in menses, excessive bleeding pains irritation etc. Leucorrehea which is the most common disease amongst the Indian women is cured by Idma's Consumer Health Division product branded as LUCORID. Another brands which are marketed by its Consumer. Division are Dijes, Glow fast, slimmers, bodyline etc. We have our team of Ayurvedic & Allopathic doctors who conduct medical camps at different regions, provide samples and consultancy free of cost. Although, the products are majorly being promoted through print and electronic media to reap the commercial benefits. According to the Manager Business Development of Consumer Health Division Mr R P Chandel the products are being marketed aggressively in the market in a total unconventional style, keeping in mind the tough competition in the market. Mr R P Chandel also told that response and results are tremendous & we have started special helpline to cater to the immediate needs of customers and medical practitioners. The Company is also planning to export its multiple and single herb products in the Gulf. European and other South Asian countries and for that purpose Idma has collaborated with its Russian counterpart 'AAA' Ltd. |
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