The Hindu Business Line : Friday, January 04, 2002

TCS gets Rs 200-cr order from United Utilities
TATA Consultancy Services (TCS) has signed an agreement for over Rs 200 crore (30 million pounds) order with United Utilities Plc of UK for delivery of IT services. The agreement is for three years running through till March 31, 2005 with an ... More

Welspun gets Rs 62-crore Oman order

PRIVATE PLACEMENT

Padmalaya Tele in talks with SET for private placement
PADMALAYA Telefilms Ltd (PTL) is in talks with Sony Entertainment Television (SET) India Pvt Ltd to offer 15 lakh shares (12.5 per cent stake) by way of private placement. The company is also in talks with Walt Disney to offer a strategic stake ... More

Subex shares for Canada bank
SUBEX Systems Ltd, the Bangalore-based telecom software company, is raising about Rs 2.137 crore by placing some three per cent of its equity with the Canada-based Toronto Dominion Bank. The board of directors of Subex at its meeting on ... More

CORPORATE BONDS

IHCL to raise Rs 370-cr long-term funds
INDIAN Hotels Company Ltd (IHCL) proposes to raise long-term funds to the tune of Rs 370.6 crore through a combination of a Rs 250 crore private placement of secured premium bonds with warrants and a Japanese yen loan of up to $25 million ... More

MERGERS & ACQUISITIONS

FIs meet today to decide on Modi Rubber issue
THE heads of financial institutions (FIs) are to hold a meeting in Mumbai on Friday to deliberate upon their future course of action on Modi Rubber Ltd (MRL). The FIs — LIC, UTI, GIC, IDBI, IFCI — together controlled about 44.25 ... More

ALLIANCES & JOINT VENTURES

Prasar Bharati, TMG pact for `edutainment'
THE Prasar Bharati has signed a memorandum of understanding (MoU) with technology channel TMG Enter for providing programming to DD Bharati — the new edutainment channel from the national broadcaster. TMG Enter will provide the software ... More

Ambuja (Eastern) not keen on alliance with Shiva Cement
CEMENT major Gujarat Ambuja's subsidiary, Ambuja Cement Eastern Ltd (ACEL), which was previously known as Modi Cement Ltd, is not interested in any sort of alliance or joint venture with the Rourkela-based Shiva Cement Ltd. Mr Harshavardhan ... More

SICK UNITS

Good response to Burn Standard VRS
THE BIFR-listed Burn Standard Company Ltd (BSCL) has received an overwhelming response to its VRS, which, if implemented in toto, will pare the engineering company's workforce by half, leaving its mother unit at Howrah with ... More

Workers anxious over Trayons revival
Sources close to the Coimbatore-based promoters said that the Government's lackadaisical approach was sending out wrong signals. More

PERFORMANCE

Hyundai Motors sales up 5 pc

PEOPLE

B.K. Modi steps down from ModiCorp board
DR BHUPENDRA Kumar Modi, Chairman and CEO of ModiCorp, today announced that he had stepped down from the board of ModiCorp and would not be involved in the day-to-day management of the company. ModiCorp is a management holding company that ... More

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Comments & Letters to the Editor to: bleditor@thehindu.co.in

TCS gets Rs 200-cr order from United Utilities

Naidu on mission to e-enable rural masses

Bank strike today

Govt mulls foreign stake in tuna sector

Multilateral agencies to be roped in -- Asset reconstruction co equity to private sector

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Dec. 23-Dec. 29
BSNL slashes STD tariff

Production of super flat picture tubes -- Samtel's new venture unit to go on stream soon

Pratt & Whitney to take 18.4 pc in InfoTech

US courts to finalise fate of Enron's Indian assets