The Hindu Business Line : Saturday, August 31, 2002

SAP Labs to invest 20 m euros
SAP Labs India is investing 20 million euros in its upcoming software development campus in Bangalore and plans to hire 250 engineers by end-2003, said the company's Joint Managing Director, Mr Clas Neumann, here today. Speaking at the ... More

TD Power ships generator to Japan
TD Power Systems Pvt Ltd (TDPS), which manufactures generators for diesel and steam turbine power plants under licence from Toya Denki of Japan, has shipped a 35,000 KW AC generator to its parent company in Japan. The Rs 67-crore company, which ... More

L&T completes Rs 450-cr project for IOC Barauni
LARSEN & Toubro Ltd has built a large hydrogen unit and refinery offsites and utilities project at Barauni in Bihar for Indian Oil Corporation. This project has increased capacity at the Barauni refinery to 6 million tonnes per year from 4.2 ... More

ALLIANCES & JOINT VENTURES

Coal India board approves plan for tie-up with ONGC
The participating interest of Coal India in the collaborative development of CBM will be up to 26 per cent of the total job in the four basic stages of coal bed methane development. More

OUTLOOK

Oberoi group to go slow on new hotel investment
EIH Ltd, a member of The Oberoi Group, considering the market situation for hotels and tourism sector post September 11, has decided to slow down its pace of investments on new hotel projects and concentrate instead on management ... More

SSI eyes on 30% topline growth
SSI Ltd is looking at a topline growth of 25-30 per cent in the consulting and software services sector in the coming year over 2001-02. "At this stage, we are looking at such a growth," the company's Chairman and CEO, Mr Kalpathi S. Suresh, ... More

Indian Hotels to make room for acquisitions
INDIAN Hotels Company Ltd (IHCL) will keep its eye open for acquisitions but will apply tighter criteria for financial returns, Mr R.K. Krishna Kumar, Managing Director of the company, has said. "Our strategy is to go for aggressive growth with ... More

Investment linked to growth: Intel
INTEL'S exact amount of investment in India is "contingent on business conditions, and how fast the IT rebound will happen and how fast we expand," the Intel CEO, Dr Craig R. Barrett, told presspersons here today. He said that the $130 million ... More

Intel, Satyam to focus on e-biz
THE Chief Executive officer of Intel Corporation, Dr.Craig R.Barrett, on Friday visited the Satyam campus and said Intel's collaboration with Satyam will focus on optimising new computing and communications e-business solutions that help ... More

Ion Exchange sets up water station in Bengal
AFTER successfully introducing the state-of-art zero-B water stations in Rajasthan, Ion Exchange (India) Ltd has installed its first such unit in West Bengal. From here the company will soon move to the Uttar Pradesh market. The Rs 160-crore ... More

Ingersoll-Rand working on Golden Quadrangle plans
The resource centre would help the emerging subcontractor community to migrate to the road sector by exposing them to the various processes in the layers of road building. More

AIMIL Pharma bets on South foray for growth
AYURVEDIC medicine and herbal preparations company, AIMIL Pharmaceuticals (I) Ltd, is optimistic that its foray into the southern market would help it clock a sales of an estimated Rs 50 crore this fiscal. Besides targeting a 40 per cent growth ... More

Volvo gets ready for national ride
VOLVO India's bus division, which has been largely concentrating on Bangalore and the South, is now readying itself to drive on to the rest of India. The Swedish major has till date sold 51 B7R luxury buses since inception in November 2001 and ... More

Camlin to focus on exports, R&D
CAMLIN Ltd has said it will put more effort into increasing exports and focus on research and development, in a bid to maintain growth. "The road map lays emphasis on reducing costs, investment of self-generated funds for modernisation of ... More

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