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Thursday, April 07, 2005

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Nokia chooses Chennai — Plans to invest Rs 650 cr in manufacturing facility
NOKIA Corporation of Finland, a leading mobile handset manufacturer, will invest about Rs 650 crore ($150 million) in a manufacturing plant at Sriperumbudur, near Chennai. It hopes to start construction on the plant "as soon as possible" to ... More

Motorola next?
THE announcement by Nokia is just the beginning of a gold rush in telecom manufacturing. The Americans, the Europeans, the Chinese, and the Koreans are moving fast to stake their claim to the mouth-watering opportunities offered by the Indian ... More

Mahindras to appeal against Rs 304-cr excise duty claim
MAHINDRA & Mahindra Ltd (M&M) will appeal against excise duty claims totalling Rs 304.11 crore. The company informed the BSE today that the office of The Commissioner of Central Excise (Adjudication), Mumbai, had sought payment of Rs 216.03 . More

India, Pakistan considering optical fibre cable link
WITH the current thaw in bilateral relations, India and Pakistan are exploring a proposal to connect each other through an optical fibre cable link. The project, at a conceptual stage, may see Indian telecom companies partnering with Pakistan ... More

Rethink on duty-free raw sugar imports
WITH domestic sugar output set to recover in the ensuing 2005-06 crushing season (October-September), the Government is having "second thoughts" over continuing with the existing concessions on duty-free imports of raw sugar under the advance ... More

Private insurers reach out to rural customers
THE Life Insurance Corporation of India sells about 23 per cent (62 lakh policies) of its total number of policies in the rural areas, a segment that is integral to its social security objectives. Rural insurance, much like priority sector ... More

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