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| Bangalore likely to have wireless
broadband in a year BANGALORE, Aug 24: The Karnataka Government expects wireless broadband connectivity in place in the whole .........more Teledata Informatics allots securities to investors MUMBAI, Aug 24: Software products and services firm, Teledata Informatics Ltd, today said it has allotted 1.77 crore ...........more GCL equity shareholders to consider PCL amalgamation on Sept 15 New Delhi, Aug 24: Goa Carbon Ltd (GCL) today said its equity shareholders will meet on September 15, to consider the proposed scheme of amalgamation of Paradeep Carbons Ltd (PCL) ......more Natco Pharma launches Bortezomib injection NEW DELHI, Aug 24: Natco Pharma Ltd today announced the launch of its brand Bortenat (Bortezomib) 3.5 mg injection, used in the ........more |
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Fridhelm Pickhard to take over as MD
of Robert Bosch BANGALORE, Aug 24: Mr Friedhelm Pickhard will take over as the Managing Director of Robert Bosch India here from Mr ..........more India's cotton exports to exceed previous forecasts: USDA NEW DELHI, Aug 24: The country's cotton exports during 2005-07 are likely to exceed ...........more Organise growth engines innovately to maximise profit: Lenskold MUMBAI, Aug 24: Executive role, realistic expectations and focus on stages of success are some of the criteria for successful sale and advertising of products, said Jim Lenskold, a renowned .....more Dabhol project to restart with LNG in October NEW DELHI, Aug 24: The Dabhol power project, reeling under the shortage of fuel naphtha, will commence operations by October this year with Liquefied ........more |
Bangalore likely to have wireless broadband in a year BANGALORE, Aug 24: The Karnataka Government expects wireless broadband connectivity in place in the whole of Bangalore in an year's time, Principal Secretary to Government, IT and BT, Anup K Pujari said today. Addressing a summit on internationalisation of Web here, organised by the Manufacturers' Association for Information Technology (MAIT), Pujari said Bangalore hopes to become the first city to have such connectivity in the country, noting that Pune and Hyderabad have also taken up similar projects. He also said Bangalore IT.Com, an annual IT event organised by the state, would be launched at a function here tomorrow by Chief Minister H D Kumaraswamy, in the presence of Union Minister of State for Commerce Jayaram Ramesh. The four-day event is slated to be held from October 28. At the function, awards would be presented to firms for excellence in IT exports in 2005-06. "The Chief Minister is likely to announce a few more initiatives for the growth of Bangalore," Pujari said. He said the State is planning to hold Bangalore Nano, its maiden nano technology event, either in the first half of December or second half of January. The Government intends to hold Bangalore IT.Com, Bangalore Bio and Bangalore Nano on fixed dates in future, Pujari added.(PTI) |
Teledata Informatics allots securities to investors MUMBAI, Aug 24: Software products and services firm, Teledata Informatics Ltd, today said it has allotted 1.77 crore equity shares and 2.50 crore warrants to investors. The board of directors at the meeting yesterday allotted 81 lakh equity shares of Rs 10 each at a price of 37 per share and 96 lakh equity shares of the same value at a price of Rs 26 each to Complete Agro Biotech Solutions Pvt Ltd, Teledata Informatics informed the Bombay Stock Exchange. The company also allotted 2.50 crore equity warrants at a price of Rs 26 to promoters, it added. The shares of the company were trading at Rs 10, up 0.50 per cent at the BSE. (PTI) |
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GCL equity shareholders to consider PCL amalgamation on Sept 15 New Delhi, Aug 24: Goa Carbon Ltd (GCL) today said its equity shareholders will meet on September 15, to consider the proposed scheme of amalgamation of Paradeep Carbons Ltd (PCL) with the company. ''Pursuant to the order of the High Court of Judicature at Bombay (Goa Bench), a meeting of the equity shareholders of the company will be held on September 15, 2006, for the purpose of considering, and if thought fit, approving, with or without modifications, the proposed scheme of amalgamation of Paradeep Carbons Ltd with the company,'' a statement said. GCL, a company of the Dempo Group and the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country, reported a net loss of Rs 117.21 lakh in the quarter ended June 30, 2006, as compared to a net profit of Rs 32.35 lakh recorded during the corresponding quarter of the previous year. Some of the domestic customers include Nalco, Hindalco, Indal, Malco and Balco. Apart from Aluminium Pechiney, France, with whom GCL has a long-term supply agreement, the company exports CPC to countries like Australia, Egypt, Dubai, Kuwait, Iran, Saudi Arabia, Singapore, Malaysia, Indonesia, Thailand, South Africa, Russia, Wales and England.(UNI) |
Natco Pharma launches Bortezomib injection NEW DELHI, Aug 24: Natco Pharma Ltd today announced the launch of its brand Bortenat (Bortezomib) 3.5 mg injection, used in the treatment of multiple myeloma, a type of blood cancer. Bortenat is the first time launch of the Bortezomib generic in the world, in addition to being a first time introduction in India for the company. ''Natco Pharma expects Bortenat to catapult the company to the number one position among the domestic companies in the oncology segment,'' a company statement said. Consistent with its policy of making life saving drugs affordable, the company has priced Bortenat at Rs 16,800 as against Rs 75,000 of the imported medicine. This is the company's most significant launch after Imatinib Mesylate (launched under the brand name VEENAT). Being a pre-1995 invention, the company does not expect any litigation around this molecule. Multiple Myeloma (characterised by the abnormal plasma cell in the bone marrow) is cancer of the plasma cell, which represents the immune system that produces immunoglobulins to help fight infection and disease. From among the several types of blood cancers, Multiple Myeloma is the second most prevalent and represents one percent of all cancers. Multiple Myeloma attributes about 2 per of all the cancer deaths. In majority of the cases found, multiple myeloma appears to have affected people over 40 years. (UNI) |
Fridhelm Pickhard to take over as MD of Robert Bosch BANGALORE, Aug 24: Mr Friedhelm Pickhard will take over as the Managing Director of Robert Bosch India here from Mr Walter Grote, who would be returning to Germany on a specific mission, on September one. According to company sources, Mr Pickhard was Senior Vice-President of the Driver Information Systems business unit at Bosch in Germany. In this role, he was responsible for Bosch's global business of navigation head units and instrumentation cluster. (UNI) |
India's cotton exports to exceed previous forecasts: USDA NEW DELHI, Aug 24: The country's cotton exports during 2005-07 are likely to exceed the previous forecasts made by the US Department of Agriculture on the back of surge in demand from China and increased domestic production. The USDA has revised upward its forecast for Indian cotton exports for the marketing year 2005-06 ending July by 7,50,000 bales to 3.25 million bales, while the forecast for 2006-07 has been increased by 2,50,000 bales to 4.25 million bales. "Increasing exports to China supported the large increase in India's trade. Chinese imports of Indian cotton surged from a total 2,10,000 bales in marketing year 2004-05 to 2.25 million bales through June of 2005-06," USDA said in its latest report. Every month since December 2005, India has been China's second leading supplier of cotton, behind the US and surpassing Uzbekistan, it added. India's exports to other markets, including Taiwan, Thailand, Turkey, have also shown a significant increase in recent months. USDA has attributed much of the growth in India's cotton trade to increased cotton production in the latest three crops. "Average production in 2004-05 to 2006-07 is estimated 60 per cent above the average of the three previous years," USDA said, adding that the increase in production is largely due to higher yields, better cultural practices including a dramatic increase in Bt cotton acerage. "Higher yields have supported grower returns compared to alternative crops and helped boost area," it said. The increase in production has outpaced India's rapid growth in consumption, which has averaged 5 per cent annually since 2001-02, helping India to become the second largest exporter in 2006-07 from being the second largest importer in 2001-02, USDA said. Despite large exportable supplies, India would continue to import longer staple and higher quality medium staple lengths, it said. The US is the leading
supplier of India's cotton imports, which are forecast to
reach 5,00,000 bales in 2006-07. (PTI) |
Organise growth engines innovately to maximise profit: Lenskold MUMBAI, Aug 24: Executive role, realistic expectations and focus on stages of success are some of the criteria for successful sale and advertising of products, said Jim Lenskold, a renowned author and an international speaker on marketing. Addressing an august gathering of Indian finance and marketing experts here last evening, Mr Lenskold who is President of Lenskold Group, explained the role of Return of Investments (RoI) in marketing finance and sales. Elaborating on the need for a strong ''Executive Perspective of Marketing'', he advocated on the need for innovative organising of growth engines to maximise profitability, managing portfolios of industries, discretionary expense, justifying expense and managing investment as some of the vital strategies for successful marketing strategies. Mr Lenskold said for an effective marketing and ROI, there was a proper need for marketing strategy and education, financial contribution, learning of customer behaviour and response along with sales activity. About the framework for marketing and ROI, he stressed on process standardisation, mesurement plan, strategic application of insight, CMO management capabilities and implementation of roadmap as some of the yardsticks for excecuting tasks.(UNI) |
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Dabhol project to restart with LNG in October NEW DELHI, Aug 24: The Dabhol power project, reeling under the shortage of fuel naphtha, will commence operations by October this year with Liquefied Natural Gas (LNG) as the main input, Union Power Minister Sushilkumar Shinde said here today. ''The power plant has been shut for some time and its re-commissioning would possibly commence by October 2006 with LNG as main input to generate power in it,'' Mr Shinde told reporters on the sidelines of the two-day Ninth Energy Summit beginning today. He said efforts were on to source in the LNG. Earier this week, the government also waived import duty on naphtha to be imported by Ratnagiri Gas and Power Pvt Ltd, the new owner of Dabhol plant, for use in generation of electricity. The plant stopped generating power after running for nine weeks on July 4 this year, due to short supply and high costs of naptha as fuel. It commenced production after five years on April 30 this year, after lenders to the project, including State Bank of India, took over the plant and renamed it Ratnagiri Gas & Power. GAIL (India), National Thermal Power and State Bank each hold 28 per cent of Ratnagiri Gas & Power. The Union government owned GAIL India is on a lookout for LNG supplies beyond 2008. GAIL India has been holding talks with gas suppliers from Qatar, Oman, Australia, Algeria and Myanmar to supply LNG to the project. The project will need 2.1 MMTPA LNG for the total generation capacity of 2,184 MW. The Power Minister also said the government has decided to enhance the power transmission capacity of Power Grid Corporation Ltd (PGCL) to 37,000 MW from existing capacity of 10,000 MW by 2012, to ensure that all five regions in the country get an assured power supply. Inaugurating the summit organised by industry body Assocham, Mr Shinde said the government has no plans to create a parallel entity to PGCL. In a bid to ensure that the Western region improves its power supply position, Prime Minister Manmohan Singh would be visiting Solapur in the first week of September to inaugurate a power distribution system, the capacity of which would be about 5000 MW, he said. Assuring that efforts of the power ministry, will be strengthened to further realise the goal of power for all by 2012, he said about 41,000 MW capacity of power projects with total committed investment of over Rs 186,000 crore are under execution. An estimated 2.34 crore unelectrified households below the poverty line shall also be given free electricity connections and a backbone network will be created to give access to all unelectrified rural households by 2009, said Mr Shinde. (UNI) |
Fitch affirms 'F1(ind)' to Arch Pharma's debt NEW DELHI, Aug 22: Global credit rating agency Fitch today affirmed 'F1(ind)' rating to Arch Pharmalabs' short-term debt programme following an increase in the programme size to Rs 30 crore from Rs 10 crore. The enhancement reflects the increased size and the company's scale of operations as reflected in its revenue growth. The company's revenues grew at a three year CAGR of over 50 per cent, Fitch said in a statement. The rating also takes into account the company's dominant share in the global pencillin side chains market, it said. (PTI) GMR achieves financial closure of Farukhnagar-Jadcherla project MUMBAI, Aug 24: GMR Infrastructure Ltd today said it has achieved financial closure of the Rs 471 crore Farukhnagar-Jadcherla road project. The road project on NH-7 in Andhra Pradesh, which was being executed by its subsidiary GMR Jadcherla Expressways Pvt Ltd, achieved financial closure on August 18, the Bangalore-based infrastructure major informed the Bombay Stock Exchange. The capital cost of the project was met by way of equity and debt in the ratio of 1:3, wherein the debt component was Rs 353 crore and the equity component was Rs 118 crore, it added. The debt component was syndicated by ICICI Bank Ltd and was tied up with bankers such as the Central Bank, Canara Bank, Bank of Baroda, Andhra Bank, Vijaya Bank, Bank of India and ICICI Bank as lead lender. The equity component came with an option to bring five per cent of project cost as subordinate debt in lieu of equity. Shares of the company were trading at Rs 215.80, up 2.76 per cent at the BSE. (PTI) Airtel inks Rs 4500 cr network expansion deal with Ericsson NEW DELHI, Aug 24: Bharti Airtel has awarded Swedish telecom vendor Ericsson a one billion dollar (about Rs 4500 crore) contract extending over three years, to cover expansion and upgrade of its GSM, GPRS network as well as managed services to increase network capacity and services footprint. The contract will enable Bharti Airtel rapidly expand its mobile services footprint further and reach out to all towns and cities in 15 telecom circles in the country. The three-year service contract with Ericsson is towards the design, planning, supply and installation commissioning of Airtel networks in these circles, a Bharti statement said. Last year Bharti Airtel had signed a 250 million dollar (Rs 1,075 crore) contract with Ericsson, to set up and maintain Airtel’s cellular network in 3,000 towns and villages across the country. In 2004, they had signed a 400 million dollar agreement for supply of GSM network. Ericsson will also upgrade the network with mobile softswitch (Media Gateway and MSC Servers), the solution that paves the way to an all-IP network. Bharti Airtel will be able to reduce the operational costs and introduce new services in a cost-efficient way. The scope of the agreement extends to 15 Airtel circles of Delhi, Haryana, Punjab, Himachal Pradesh, UP (West), Andhra Pradesh, Tamil Nadu, Chennai, Karnataka, Kerala, Rajasthan, UP (East), Jammu & Kashmir, Assam and North East. Manoj Kohli, president, Bharti Airtel said, "Our partnership with Ericsson is testament to this belief as it allows us to focus on delivering better customer experience even as we leverage the world class expertise of our partners to roll out our networks across all census towns by March 2007. In addition, we are also sourcing next generation products that will allow us to deliver innovative products & services to our customers." This partnership will enable Airtel to channel its resources and expertise to its core areas of product innovation, value added services, marketing, branding and pricing, while simultaneously providing world class mobile services by leveraging Ericsson expertise in network management. Our partnership with Bharti Airtel resulted in the first managed services contract in the industry. Speed of roll-outs plays an extremely important role in large expansions of this nature. Ericsson has demonstrated expertise in this area, said Mats Granryd, Managing Director, Ericsson India. Ericsson is a long-term
Bharti partner, managing more than 70 per cent of its
GSM/GPRS network in 15 regions in India. (PTI) |
Ministries of small scale, agro have no schemes for SC/STs’ NEW DELHI, Aug 24: A Parliamentary Standing Committee has observed that Union Ministries of Small Scale, Agro, Rural and Textiles have no specific schemes for traditional SC/ST artisans. According to the Committee, a focussed approach towards the development of SC/ST artisans is possible only if these Ministries start schemes separately and implement the same in consultation with the Ministry of Social Justice and Empowerment and the Ministry of Tribal Affairs.
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