Infosys says its value is up over Rs 1,880 crore
Bangalore: Infosys Technologies says the value of its corporate brand Infosys has gone up by more than Rs 1,880 crore in a year.
The Nasdaq-listed company says while it had a market capitalisation of Rs 24,654 crore as on 31 March 2002, the value of the Infosys brand alone was estimated at Rs 7,256.80 crore.
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BSE imposes special margin on Wimco
Mumbai: The Bombay Stock Exchange has informed its members that a special margin of 25 per cent has been imposed on Wimco Ltd with effect from 23 May 2002.

The special margin will be imposed on the basis of a member-wise gross purchase or sale position (client-wise net).
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BPL gives roaming option for prepaid clients
Mumbai: BPL Mobile is launching a new service Follow Me that allows all prepaid users partial roaming facilities. Now, the users can send and receive SMS messages anywhere in India.

The Follow Me service is targeted at the casual roamer a subscriber who needs roaming only on rare occasions when s/he may be travelling and wants to be available on phone. Unlike a business traveller, who needs to be connected all the time and needs to make and receive calls, casual roamers do not need to call too often, but may need to be available on phone.
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Sebi raps Balaji Telefilm lead managers
Mumbai: The Securities and Exchange Board of India (Sebi) has issued warning against three merchant bankers for violation of due diligence obligation in the case of Balaji Telefilms Ltds (BTL) IPO.

The three lead mangers are JM Morgan Stanley, IL&FS Merchant Banking Services and Triumph International Finance. Sebi says the lead managers to BTLs IPO in October 2000 had violated clause 2 of the code of conduct laid down in schedule III of the Sebi (Merchant Bankers) Regulations, 1992.
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IBP posts net profit of Rs 196 crore
New Delhi: IBP has posted a net profit of Rs 195.79 crore for the year ended 31 March 2002 as compared to Rs 54.22 crore in the year ended 31 March 2001.
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Silverline sacks scam-tainted employee
Mumbai: The software services company Silverline Technologies has sacked one of its employees, Udhay Shankar Balakrishna, because of his alleged involvement in the $600-million metal scam involving non-resident Indians in which a number of US banks were defrauded.
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Pajero may be available for Rs 34 lakh
New Delhi: Hindustan Motors has unveiled the Mitsubishi Pajero in the Indian market. The SUV, which some like to call mountain cat, is equipped with 3.2-litre, 16-valve DOHC inter-cooled Turbocharged diesel engine.
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Ranbaxy to revamp domestic operations
Mumbai: Ranbaxy, the pharma leader, is making the initial move, as the new IPR regime has begun in earnest. The company will now revamp its domestic operations.
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HPCL launches new brand for rural area
New Delhi: HPCL, Indias second-largest LPG marketing company, has started a six-city launch of its brand new identity for its LPG for rural and below-poverty-line segments.
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TCSs Ramadorai inducted on HLL board
Mumbai: Hindustan Lever Ltd has inducting S Ramadorai, chief executive officer of Tata Consultancy Services, as an independent non-executive director on its board.
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Shyam Tele to hive off equipment business
New Delhi: Shyam Telecom, the telecom equipment manufacturer and cellular and basic telecom service provider, has decided to hive off its telecom equipment manufacturing business.
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SAIL reorganises its marketing plan
New Delhi: Steel Authority of India Ltd has reorganised its marketing set-up, hiving off its stockyards into a separate warehousing division. A company release said the move was aimed at freeing the companys sales force.
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OrbiTech merges with Polaris
Mumbai: A 100-per cent subsidiary of the Citigroup, OrbiTech Solutions Ltd, is to be merged with Polaris Software Lab Ltd. The new merged entity will continue to be called Polaris Software Lab Ltd and will have 3,800 employees.
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Enkay Tele ties up with NH Japan Holdings
Mumbai: Enkay Telecommunications has tied up with NH Japan Holdings to market its digital camera in India. Called Che-ez!, the digital camera will be priced at Rs 4,995 and five models will be made available.
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Padmalaya Vision, CMTES join hands
Chennai: CMTES Informatics Ltd, a computer education provider having over 120 training centres in south India, has announced it has entered into a tie-up with Padmalaya Vision Ltd for a specialised multi-media training programme targetting the entertainment industry.
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Siemens sets up high-voltage lab for VJTI
Mumbai: Siemens Ltd, in collaboration with Veermata Jijabai Technological Institute (VJTI), has set up a high voltage laboratory in the VJTI campus, for an investment of Rs 50-60 lakh from Siemens.
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GAIL joins hands with IOC for R&D
New Delhi: Gas Authority of India Ltd and Indian Oil Corporation have entered into collaboration for facilitating cooperation in the field of research and development for sustained energy growth in India.
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KCP Sugar says it will bag Rs 11-cr order
New Delhi: KCP Sugar and Industries Corporation is confident of bagging a Rs 11-crore order for the supply of anhydrous alcohol to oil companies for blending with automobile fuel. The company plans to double production capacity at its distillery.
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SAIL changes focus to Asian markets
New Delhi: Steel Authority of India Ltd is increasingly turning to Asian markets to keep its exports going at a time when markets in the US, Canada and the European Union are shrinking.
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HPCL to launch 5kg LPG cylinders
New Delhi: Hindustan Petroleum Corporation Ltd has submitted a comprehensive proposal to the government as regards the introduction of 5kg LPG cylinders.
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HC asks Gridco to deposit Rs 5 crore with TPC
Bhubaneshwar: The tussle between the Tata Power Company and the Gridco over the Rs 5-crore bank guarantee money has taken an interesting turn with the Orissa High Court directing Gridco to deposit Rs 5 crore with the TPC pending the disposal of the case.
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UB subsidiary buys 100% in Empee Breweries
Bangalore: United Breweries subsidiary, McDowell Alcobev Ltd, has acquired 100 per cent shareholding in the Empee Breweries. The company did not divulge the consideration for the said acquisition.
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