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Friday, February 18, 2005

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Part-day peaking charges for power transmission on cards
THE Central Electricity Regulatory Commission (CERC) is likely to introduce part-day peaking charges for transmission of power, with slabs of 12-hours or even up to six-hours, instead of the full-day charges being levied currently. This could ... More

Raymonds to form Rs 180-cr jt venture with Italian firm — Another Rs 100-cr initivative planned
RAYMOND Ltd on Thursday announced two major initiatives entailing a total investment of Rs 280 crore aimed at strengthening its position in the textile sector. These initiatives include a joint venture with an Italian company for manufacture ... More

Nokia is CII Brand of the Year
MOBILE phone brand Nokia was named the CII Brand of the Year in a contest that saw three made-in-India brands among the 10 finalists. Mr Sanjeev Sharma, Managing Director of Nokia India Pvt Ltd, received the glittering lotus-shaped trophy from ... More

Overseas buyer in talks for tsunami-hit Hyundai cars
NEGOTIATIONS are on with an overseas buyer for disposing of the 1,192-Hyundai cars that were hit by the tsunami on December 26. Mr Ronald Priest, a loss and recovery consultant, is here representing the buyers and is negotiating with Hyundai to ... More

Delphi-TVS to pump in Rs 500 crore to make diesel engine components
DELPHI-TVS plans to invest Rs 500 crore in the next five years for producing various components for high-speed direct injection diesel engines. The company will enter the manufacture of `common rail fuel injection' systems and the electronic ... More

`Exciting times ahead for Indian pharma industry' — New Patents Act may bring in $10-b business
THE pharmaceutical industry can look to exciting times as huge global opportunities are set to come its way, especially with the new Patents Act in place, according to Dr William A. Haseltine, one of the leading experts in genomics. He said the ... More

Indian holdings of US gilts down to $12.9 b
INDIAN institutions and the Reserve Bank of India have reduced their holdings of US Treasury bonds by $600 million in December 2004 in anticipation of hikes in Federal interest rates. According to data released by the US Treasury Department, ... More

DoT to act tough on illegal routing of calls
THE Department of Telecom is formulating a new policy to curb illegal use of mobile operators network. The idea is to impose a stiff penalty of Rs 50 crore on every mobile operator whose network is used for illegal routing of calls. DoT will ... More

Novartis' case may spark patent vs patient debate
THE death-knell may have been rung for Exclusive Marketing Rights (EMR) when the patent regime came into effect, in January 2005. But the ghosts of the past, it seems, can be exorcised only after the Patents (Amendment) Ordinance 2005 gets ... More

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