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Satyam
Computers brand valued at Rs 3,199 crore
Hyderabad: The
brand value of Satyam Computer Services has improved by 41 per
cent at Rs 3,199.65 crore as on March 2002. The company has also
added Rs 170 crore value to its shareholders wealth by
generating operating profits in excess of the companys cost of
capital.
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Suzuki
to control MUL from today
New Delhi: After
years of negotiations, Suzuki Motor Corporation, which started as
a minority partner with a 26-per cent stake in the joint sector
venture, will finally get full control of the Maruti Udyog today.
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Deutz-Fahr
buys 50% Greaves stake in JV
Mumbai: The
$1-billion Italian tractor giant, Same Deutz-Fahr, has bought out
the Thapar Group-owned Greaves 50 per cent stake in the
Same-Greaves Tractor for $5 million.
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ITC
Hotels arm to turn Fortune of budget sector
New Delhi: Fortune
Hotels, a 100 per cent subsidiary of ITC Hotels, is gearing up to
establish itself as a strong player in the budget hotel segment
which is growing at a faster pace than its 5-star counterpart.
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BHEL
draws up plans to enter power distribution
New Delhi: Bharat Heavy Electricals is drawing up plans to
enter into the power distribution business once the electricity
bill is passed by the Parliament.
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VSNL
says it acted in its business interest
Mumbai:
Neither VSNL nor the Tata group has received any formal
communication from the Government protesting the VSNL board's
decision on Tuesday to invest up to Rs 1,200 crore in Tata
TeleServices, said officials.
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TNPCB
show-cause to Hyundai Motor
Chennai: The Tamil Nadu Pollution Control Board has issued
a show cause notice to Hyundai Motor (India) Ltd for alleged
environment violations at its car plant at Sriperumbudur, near
Chennai.
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Hind
Lever Chem posts higher net
Mumbai: Hind
Lever Chemicals has reported a net profit of Rs 11.29 crore for
the quarter ended 31 March 2002 as compared to Rs 3.99 crore in
the year-ago period. Net sales were Rs 231.54 crore (Rs 219.93
crore).
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Smart
devices in Microsoft futuristic home
Mumbai: Featuring
technologies that are five to eight years away from being offered
to the public, the prototype Microsoft Home at the companys
Redmond, Washington, campus allows researchers to test concepts
surrounding how people will use technology in their everyday lives
in the future.
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Panjon
to invest more in R&D
Mumbai: Panjon
Ltd is beefing up its research activities and is working on
developing at least two novel drug delivery system drugs in the
anti-infective segment.
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SAIL
may not be referred to BIFR
Mumbai: Steel
Authority of India Ltd may escape reference to BIFR as a potentially
sick company despite incurring losses for four consecutive
years, including a staggering loss of Rs 1,707 crore in 2001-02.
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Tanishq
to unveil performance-linked pay scale
Mumbai: Tata
groups designer jewellery arm - Tanishq - is all set to take
the lead ahead of its parent company and watch major Titan
Industries Ltd, in moving to a performance-linked salary structure
across its 600 people workforce.
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Shaw
Wallace to focus on brand consolidation
Mumbai: Shaw
Wallace Distilleries Ltd, the liquor division under Shaw Wallace
Company Ltd, has ruled out the possibility of any fresh brand
acquisition in the near future.
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