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| Lal Singh inaugurates King Cross Excelsior Correspondent JAMMU, Nov 24: Parliament Member and senior Congress leader, Ch. Lal Singh inaugurated the King Cross an exclusive outlet of M/s Laveena Hosiery Pvt Ltd here, today....more' TCS not
hit by US BANGALORE, Nov 24: Country's top IT firm Tata Consultancy Services has not witnessed any impact of the subprime mortgage crisis in the US, which accounts for 50 per cent of its overseas business....more Reliance
MF ties up with NEW DELHI, Nov 24: Anil Ambani group firm Reliance Mutual Fund today said it has entered into an agreement with the United Bank of India and State Bank .......more Bangladesh
unit to go on KOCHI, Nov 24: FMCG firm Jyothy Laboratories' (JLL) today said its joint venture in Bangladesh will start production by June next year. JLL products have 70 per cent market share in Bangladesh......more |
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Plastics industry must focus on proper waste mgmt: Handique MUMBAI, Nov 24: Expressing concern over the rising environmental pollution, Union Minister of State for Chemicals and Fertilisers B K Handique today asked the plastic industry to emphasise .....more Panel on
spectrum NEW DELHI, Nov 24: State run telecom companies -- BSNL and MTNL -- have been excluded from the panel to review spectrum .........more City
chambers to KOLKATA, Nov 24: The West Bengal Government would join hands with various city-based industry bodies to push forward the process of industrialisation in the state.....more ‘Goal’
becomes 1st NEW DELHI, Nov 24: After creating a huge buzz in India, the John Abraham, Bipasha Basu and Arshad Warsi-starrer ‘Goal’ has scored a goal of a different kind!......more |
Lal Singh inaugurates King Cross Excelsior Correspondent JAMMU, Nov 24: Parliament Member and senior Congress leader, Ch. Lal Singh inaugurated the King Cross an exclusive outlet of M/s Laveena Hosiery Pvt Ltd here, today. Speaking on the occasion, Mr Singh appreciated the efforts of the proprietors of the showroom and stressed on maintaining the quality and variety of the stocks to the satisfaction of the customers. Gagan Beri, Director and Sunil Anand, Retail Consultant, M/s Laveena Hosiery Pvt Ltd were also present on the occasion. Mr Beri informed that the company is opening chain of stores in the major cities across India. He said that the product of company has genuine MRP and it (company) has maintained best quality standards in the production of goods. The company has launched its winter collection in pullover jackets, coat suits and ladies long coats etc, he added. He said MRP of the product starts from Rs 99 to onwards and the company is offering wide range of variety for the complete satisfaction of customers. The company also gives a special offer buy one and get one free, he added. The proprietors of the showroom Rajinder Gupta and Ravinder Mittal proposed the vote of thanks. TCS not hit by US subprime crisis: Ramadorai BANGALORE, Nov 24: Country's top IT firm Tata Consultancy Services has not witnessed any impact of the subprime mortgage crisis in the US, which accounts for 50 per cent of its overseas business. "Though some of our clients are affected, they have not reduced their work (IT outsourcing) with us. We just have to watch the situation," company's Chief Executive Officer and Managing Director S Ramadorai told reporters here yesterday. "The US is going through a budgeting cycle now. So, the implications of that will be known only in the new year. We have no answers as yet. It is not possible for me to predict anything at this point of time," he said. He said "even in a downturn, if the cost reduction is going to be the a primary thing, it is always good for us as we will get more work." Some of the financial institutions, Ramadorai said, were facing implications of the subprime crisis. "Even those clients who are in financial services are spread over multiple geographies," he added. "We don't work for a single client out of the US. We have similar clients in Europe and other parts, Southern Asia and Asia-Pacific region," he said, adding that "our revenue from the US market is about 50 per cent as we have spread our business in other countries". To a query on the domestic IT sector, he said "attrition rates are coming down and it signifies maturity (of the IT industry). The availability of talent pool is also increasing and the demand-supply situation is getting better". Ramadorai said that at the same time there is a need to broad-base the resource pool for which there has to be a "change in the mindset on educational reforms". "It is absolutely necessary to give choice to the students. What are the best ways to decide what is good for them. Second, with digitisation of education system itself, how to make sure that happens. Third is, how to increase the number of doctoral students. PhDs are a must if you want to go up the value chain," he said. Companies like TCS were hiring not only engineers but also other graduates and "doing transformation programme like Ignite, where we take BSc graduates and train them over a seven-month period into software professionals that releases a number of engineers for others (companies)," Ramadorai said. "The total number of (available) engineering graduates today is three million which itself will give a lot of talent pool," he said. (PTI) Reliance MF ties up with two NEW DELHI, Nov 24: Anil Ambani group firm Reliance Mutual Fund today said it has entered into an agreement with the United Bank of India and State Bank of Saurashtra for distribution of its products. Under the agreement, the banks would sell Reliance MF’s products through their specified branches, the company said in a statement. "We are happy to announce these tie-ups that will help us fulfill our long-term leadership goal of reaching out to a large number of prospective customers," Reliance MF CEO Vikrant Gugnani said. To sell these MFs, UBI has designated 160 branches (of a total of 1,370 branches), while SBS would sell through 150 branches (of a total of 470 branches). Reliance Mutual Fund is the country’s largest fund house with the business managing a corpus of over Rs 79,973 crore, with over four million investors. (PTI) |
Bangladesh unit to go on stream from June 2008 KOCHI, Nov 24: FMCG firm Jyothy Laboratories' (JLL) today said its joint venture in Bangladesh will start production by June next year. JLL products have 70 per cent market share in Bangladesh, company's Managing Director M P Ramachandran told reporters here. Most of the company's products, including bleaching agent Ujala, were now being exported to that country, he said. Ramachandran said the company is setting up a manufacturing unit in Himachal Pradesh for on of its products - Stiff and Shine that will be marketed throughout the country. On its IPO, which closes on November 27, he said so far the response has been excellent. Jyothy Laboratory has 28 lakh retail outlets in India. Ujala has 72 per cent market share in the country and 98.5 per cent in Kerala, he said, adding that Maxo repellent had 31 per cent market share in rural areas. The initial public offer will constitute 30.52 per cent of the fully diluted post offer paid up capital of the company. It would include shares of promoters including Canzone Ltd, ICICI Bank Canada, ICCI Bnak UK PLC, South Asia Regional Fund and CDC Investment Holdings. (PTI) Plastics industry must focus on
proper MUMBAI, Nov 24: Expressing concern over the rising environmental pollution, Union Minister of State for Chemicals and Fertilisers B K Handique today asked the plastic industry to emphasise on proper waste management using latest technologies. "All stakeholders should innovate and find solutions for collection, segregation, recycling and reuse of post-consumer waste plastics to reduce environment pollution. Many recycling technologies have developed all over the world, we need to make good use of them," he said here at a function. Handique said enhanced use of biodegradable polymers in the manufacture of non-critical, disposable commodities also needs to be encouraged and emphasis should be laid on research and development. He asked plastic exporters to dock higher value-added products in the coming years to realise better margins. India exported plastics to the tune of USD 3.18 billion in the last fiscal, of which 60 per cent came from exports of raw material. (PTI) |
Panel on spectrum to meet operators minus BSNL, MTNL NEW DELHI, Nov 24: State run telecom companies -- BSNL and MTNL -- have been excluded from the panel to review spectrum allocation norms recommended by the Telecom Engineering Centre. The committee, headed by DoT Additional Secretary R Bandhopadhyay and comprising representatives from GSM and CDMA operators, will be meeting on November 26 and 30. Senior officials of the two PSUs expressed concern over being left out from the panel on spectrum allocation norms. "Public Service Enterprises have to face many constraints in their operations, not the least being aggressive lobby by competitors to stymie their expansion," Minister of State from Commerce Jairam Ramesh had said recently in a letter to Sunil Mittal on a matter related to spectrum allocation. PSUs have done far better in meeting social obligations compared to private players. BSNL, in particular, has fulfilled social role much more effectively than all the private companies put together. Leaving BSNL and MTNL out of the purview of discussion on spectrum allocation norms may not serve the purpose, some of the operators said. TEC had given its report on spectrum allocation norms earlier this month, suggesting manifold increase in subscribers for allocation of additional radio waves. The Communication Minister A Raja had accepted the report in-principle, but in view of strong protests from GSM operators -- Bharti Airtel, Vodafone Essar and Idea Cellular -- the government constituted a panel to revisit the norms. The committee has to give a report by the end of this month. BSNL sources said it was very logical for the two PSUs to be part of the panel that is going to take a decision on spectrum allocation norms, a crucial component for growth in the telecom sector. The PSUs have played a significant role especially in the rural areas but "they are always taken for granted", a source said. (PTI) |
City chambers to work in tandem with WBIDC KOLKATA, Nov 24: The West Bengal Government would join hands with various city-based industry bodies to push forward the process of industrialisation in the state. The West Bengal Industrial Development Corporation (WBIDC) would work in conjunction with the industry chambers. At a meeting held recently, Industry Minister Nirupam Sen said representatives of the industry chambers and WBIDC would meet every quarter to take stock of the of the progress made in that direction. It had also been decided to hold monthly meetings at a district level to address and promote small and medium scale industries. (PTI) |
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