Page 85 - Companies

Bajaj Auto shows small car

Bajaj Auto on Tuesday unveiled the prototype of its small car with the promise that it will be twice as economical to run as the most fuel-efficient small car in the market.

Suzuki on Concept A-Star car

Osamu Suzuki, chairman, Suzuki Motor, in New Delhi this morning talking of the Concept A-Star car, which will be on display at the Auto Expo2008 in New Delhi in January.

Mapfre's India Assistance...

Mapfre Asistencia, global insurance, reinsurance and services firm, announced its entry into India through its subsidiary India Assistance. India Assistance will commence operations in India by providing companies with roadside assistance services, through a nationwide network of service providers and its assistance centre.

Capt Gopinath on airports...

Captain G R Gopinath, executive chairman, Deccan Aviation talks on Air Deccan, development of airports and the aviation sector in India.

Bosch unveils India plans

Germany-based Robert Bosch, the world leader in diesel technology, is planning to invest Rs 850 crore in its Indian operations. This will take the companys total investment to Rs 2,650 crore by 2010. The company has a presence in India through its subsidiary Motor Industries Company (MICO). The company had increased its stake in the Indian subsidiary by 9.2% for Rs 1,300 crore recently. The board of directors of MICO, which met today, approved a proposal to change the name of the company to Bosch subject to the approval of the shareholders and regulatory authories.

Apar to sell AGIP lubricants

Apar Industries, a leading player in speciality oils, today announced a technology and licence agreement with Italy's energy giant Eni. According to the agreement, Apar will blend and market ENI's AGIP automotive lubricants in India.

DAI ties up with Arch Pharma

DSM Anti Infectives (DAI), part of the Euro 9 billion DSM group, is entering into a manufacturing agreement with Mumbai based Arch Pharmalabs, a pharmaceutical major operating in the API and Intermediaries business for manufacturing of generic APIs. The company will leverage its world class innovation expertise to develop non infringing novel processes for various molecules. The company will then transfer these molecules to Arch Pharmalabs for commercial development.

Tata Tele banks on BREW...

Tata Teleservices has taken the lead in data services enabled by Qualcomm's BREW platform and single chip solutions. The company attributes ober 9% of overall revenue to value-added services with 30 million downloads coming from BREW-based data services.

Voxtel launches GPS devices

Voxtel Telecom launched GPS-based personal navigation devices & VoIP-based phones in New Delhi today.

Sensex futures now in US

Chicago-based US Futures Exchange (USFE) will exclusively licence the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year.
This will allow US investors to directly participate in India's equity markets.
USFE's dollar-denominated Sensex futures contract will trade 23 hours a day and settle monthly to the corresponding value of the BSE's futures contract. The contract will have a notional value of 40,000 and a tick size of $5.

RCom to invest $1bn for IPTV

Reliance Communications (RCom) and Microsoft today announced a strategic partnership to provide Internet protocol television (IPTV) services.
RCom will invest $500 million as licence fee for the software and spend an additional $500 million in setting up the IPTV infrastructure in the country. The companies have been working on the project since 2003.

Bentley Azure @ Rs 3.80cr

England-based Bentley Motors, the makers of luxury car brand Bentley, expects to sell 25 cars in India this year, and would soon open their second India outlet in Mumbai. "We expect to sell 25 cars this year in the Indian market, we hope to open our second India outlet in Mumbai by the last quarter of 2008," Satya Prakash Bagla, managing director of Exclusive Motors - the Indian partners of Bentley, said. The car maker today launched two new convertible models, Azure and Continental GTC, for the Indian market priced at Rs 3.80 crore and Rs 2.10 crore, respectively.

Mukand plans JV with Bekaert

Mukand has signed an agreement with NV Bekaert SA, Belgium to form a joint venture company to produce stainless steel wires in India.
According to a release issued by Mukand to the BSE today, the 50:50 joint venture company will set up a plant in Lonand, District Satara, Maharashtra.

Plaza Centers upbeat on India

The Netherlands-based Plaza Centers, today said that it would invest Rs 5,000 crore in the country over the next five-seven years to create 50 entertainment and commercial centres.

Infosys CEO on rising Re

Software services provider Infosys Technologies today said it had been assured by its US clients that they would increase offshoring. Having increased its billing rates by 3-4 per cent on new contracts and 2-3 per cent on old ones, the company could win more business from the US if the subprime crisis curbed spending there and drove companies to cheaper service providers in other countries.

StanChart buys 49% in UTI Sec

STCI and Standard Chartered Plc today signed a deal for Standard Chartered to acquire 49% stake in UTI Securities for Rs 147 crore.
STCI currently holds 100% of UTI Securities having acquired it in 2006 from the Administrator of the specified undertaking of the Unit Trust of India.

Nortel CEO on India tour

With the rapid strides taking place in India's telecommunication industry, it is an exciting time to be here. I'm looking forward to my discussions with industry and business leaders over the next fe days to better understand how to help them overcome the challenges of hyperconnectivity, Mike S. Zafirovski, President & CEO, Nortel said in Mumbai today at the start of his week long tour tour of India.

To businesses, this can mean massive productivity gains, new ways of conducting business and even new revenue sources, Zafirovski said.

Bharti, Wal-Mart ink JV pact

Sunil Mittal's Bharti Group and Wal-Mart Stores, the world's biggest retailer, today signed an agreement to form a joint venture for their wholesale cash-and-carry business in India.

Infy, Philips in $250mn deal

Infosys Technologies today announced that it has signed a seven-year, $250 million outsourcing contract with Royal Philips Electronics (Philips) of the Netherlands.

Mallya wants expat cabin crew

Domestic air travelers now have company in a set of expatriate commander and co-pilot, but will the passengers also be served by foreign air hostesses in business and first-class sections?

Thats the question Directorate General of Civil Aviation is grappling with ever since Kingfisher, promoted by Vijay Mallya, submitted a request for hiring airhostesses and stewards from abroad.(ANI)