India Business Insight articles from February 2005

India Business Insight archives from February 2005

MINISTER CALLS INTEL TO SET-UP FAB IN INDIA; UNVEILS 'CENTRINODUO' (the technology is for new generation laptops).
February 15, 2005... (From India Business Insight) Dayanidhi Maran, Minister for Telecommunication and Information Technology, Government of India, has asked Intel Corporation (IC) to set up a semiconductor manufacturing base in India. He said the Government...

SUN ANNOUNCES SERVERS WITH COOLTHREADS TECHNOLOGY (the Sun Fire T1000 and T2000 servers integrate performance of several servers).
February 15, 2005... (From India Business Insight) Sun Microsystems (SM) has launched in India the Sun Fire T1000 and T2000 servers that feature SM's patented CoolThreads technology. CoolThreads is an eight core, 32-thread processor that integrates the...

eSYS TO SET UP INTEGRATED MANUFACTURING HUB (to invest $230 million).
February 15, 2005... (From India Business Insight) eSys Technologies (ET), a personal computer manufacturing and technology distribution company of Singapore, is planning to set up a manufacturing hub in India. It will be a global integrated manufacturing,...

ADOBE'S PRICING POLICY DRAWING CHANNEL'S FLAK (in India Adobe's products are 20% expensive).
February 15, 2005... (From India Business Insight) Adobe is selling its products like Photoshop and Creative Suite at almost 20 percent higher prices in India compared to the prices quoted on its international website. This is ironic since its Indian unit is...

FIRST LIFE SCIENCE PORTAL IN ASIA LAUNCHED (CyberMedia launches www.biospectrumasia.com).
February 15, 2005... (From India Business Insight) CyberMedia (India) Ltd, publisher of BioSpectrum (India's first and only exclusive biotechnology business magazine), has launched Asia's first exclusive portal dedicated to life sciences industry. The...

CMP, CYBERMEDIA LAUNCH GLOBAL TECH, BIZ SOURCING WEBSITE (www.globalservicesmedia.com).
February 15, 2005... (From India Business Insight) CMP and CyberMedia LLC have joined hands to launch the website - www.globalservicesmedia.com, which offers information on business process outsourcing, information technology outsourcing, customer service...

ORACLE OPEN WORLD: HIGH ON BUSINESS, LOW ON TECH (the conference was aimed at promoting Oracle's products in different areas).
February 15, 2005... (From India Business Insight) Oracle held its global business and technology conference-Oracle Open World in India-recently. Oracle launched its Grid Index Report and Fusion, a next-level enterprise platform at the conference. ...

SSA GLOBAL TECHNOLOGIES-PROFILE (company commands 14.1 percent of the $83-million ERP market in India).
February 15, 2005... (From India Business Insight) SSA Global Technologies (SGT) is a provider of enterprise resource planning (ERP) (software and services) solutions. The company commands 14.1 percent of the $83-million ERP market in India. The company...

NVIDIA-PROFILE (a manufacturer of graphics and digital media processors).
February 15, 2005... (From India Business Insight) Nvidia is a manufacturer of graphics and digital media processors. The company wants to create awareness about graphic sub-system or a graphic card that is used in computers to improve video quality. To this...

EASUN REYROLLE TO INVEST Rs20 CRORE IN SWITCHGEAR FACTORY (at Hosur in the next 2 years).
February 10, 2005... (From India Business Insight) Easun Reyrolle plans to invest Rs20 crore over the next 2 years to set up a medium voltage switchgear factory in Hosur. The investment will be made in 2 phases. In the first phase, the company will invest...

SANKUNNIS TO SET UP ITS NEW FACTORY IN AMBATTUR (with an investment of Rs2 crore for manufacturing Ayurvedic products).
February 10, 2005... (From India Business Insight) Sankunnis Ayurvedic Research Foundations Pvt Ltd (SARF) will set up its new factory at Ambattur in Tamil Nadu with an investment of Rs2 crore. The new factory will manufacture ayurvedic products. The company...

RICHCORE TO SET UP ENZYME, NUTRACEUTICAL UNITS (at Malur, near Bangalore, with an investment of about Rs4.5 crore).
February 10, 2005... (From India Business Insight) Richcore plans to set up enzyme and nutraceutical formulations manufacturing units in Malur, near Bangalore, with an investment of about Rs4.5 crore. The manufacturing unit for enzyme formulation is...

FROST-BITTEN NILGIRIS TEA GROWERS BEGIN SELLING SILVER OAKS (at Rs300-600 each).
February 10, 2005... (From India Business Insight) Tea growers in Nilgiris have resorted to selling Silver Oak trees owing to prevalence of frost in the valley, declining demand and low price owing to inconsistency in quality. The frost has caused extensive...

LOCAL INFORMATION TECHNOLOGY ORGANISATION BID TO PUT VIJAYAWADA ON ITMAP (30.5 acres of land acquired near Gannavaram to attract non- resident Indian industrialists).
February 10, 2005... (From India Business Insight) The Krishnaveni Information Technology Association (KITA), an organisation formed by local information technology (IT) companies in Vijayawada, has invited Telugu non-resident Indians (NRIs) to set up units...

INDAGE TO SET UP UNIT IN HIMACHAL PRADESH (with an investment of Rs25 crore).
February 10, 2005... (From India Business Insight) Seabuckthorn Indage Ltd (SIL) plans to set up an integrated manufacturing-cum-research and development (R and D) facility in Himachal Pradesh with an investment of Rs25 crore. The unit will manufacture a...

MOSCHIP LAUNCHES 2 NEW BRIDGE CHIPS (that are priced $5.5 and $12.5 each).
February 10, 2005... (From India Business Insight) MosChip Semiconductor Technology Ltd has launched 2 new bridge chips for computing and network connectivity applications. The MCS8140 is a programmable system-on-chip (SoC) that addresses the need to...

COAL INDIA'S NEW POLICY MAY HIT EXPLOSIVES MARKET (the new policy stipulates that the order should be placed with the company that quotes the lowest price).
February 10, 2005... (From India Business Insight) The explosives market in India is likely to be affected by the new purchase policy of Coal India Ltd (CIL). The new policy stipulates that the order should be placed with the company that quotes the lowest...

NOVARTIS DENIED PATENT FOR CANCER DRUG (as the novelty of Gleevec was objected to by Indian companies).
February 10, 2005... (From India Business Insight) The Patent Controller Office of India has rejected the patent application of Novartis AG for its cancer drug Gleevec. The application was rejected on 28 Jan 2006 as the drug, imatinib mesylate, did not...

DIGITAL SIGNATURE NORMS TO GET SIMPLER (will enable more agencies to verify digital signature).
February 10, 2005... (From India Business Insight) The Department of Information Technology (DIT), Government of India, will move an amendment to the information Technology Act to simplify norms and enable more agencies to verify digital signature. The DIT...

DD TO BEAM 4 CHANNELS TO US BY APRIL (to cater to the Indian population).
February 10, 2005... (From India Business Insight) Prasar Bharti plans to launch 4 Doordarshan channels in the US by the end of Mar 2006. The company has invited bids for distribution of 4 channels through the cable TV network and direct-to-home service....

FILE INCOME TAX RETURNS ONLINE BY JULY (the Income Tax Department has networked 170 offices in 60 cities under the first phase of the Taxnet project).
February 10, 2005... (From India Business Insight) Citizens will be able to file and process their tax returns from any location across India online by Jul 2006. The Income Tax Department of the Government of India has networked 170 offices in 60 cities under...

HALDIA TO HAVE LARGEST PTA UNIT (which is estimated to cost Rs1,660 crore).
February 10, 2005... (From India Business Insight) MCC PTA India Pvt Ltd (MCPIL) is setting up the world's largest purified terephthalic acid (PTA) plant at Haldia in West Bengal. The contract for setting up the plant has been given to Toyo Engineering India...

PLAY BY PLASTIC (OK Play of Delhi has commenced production of plastic telephone kiosks for Tata Indicom and Reliance Telecom).
February 10, 2005... (From India Business Insight) OK Play of Delhi has forayed into the telecommunication and automobile sectors with its range of products. The company offers cost-effective solutions in plastic that are cheaper than metal or wood products...

TATA MOTORS PLANS NEW BUS PLATFORM (using the latest technologies available with Hispano of Spain and Tata Daewoo Commercial Vehicle Company of South Korea).
February 10, 2005... (From India Business Insight) Tata Motors plans to create a new platform for buses using the latest technologies available with Hispano of Spain and Tata Daewoo Commercial Vehicle Company (TDCV), South Korea. The new platform will...

GIL TO USE SHELL HAZIRA TERMINAL ON TOLL BASIS (to import floating cargo of liquefied natural gas).
February 10, 2005... (From India Business Insight) GAIL India Ltd (GIL) will sign a comprehensive agreement with Shell, which will allow GIL to use the Shell Hazira liquefied natural gas (LNG) terminal on toll basis to import floating cargo of LNG. The 2...

SANGAM EARMARKS Rs540 CRORE FOR EXPANSION (of its capacity to 1.6 lakh spindles).
February 10, 2005... (From India Business Insight) The Sangam group of companies (SGC) plans to invest Rs540 crore to increase its spindle and weaving capacities. The group also plans to set up a 21-megawatt coal-based captive power plant. The additional...

TAJ, APOLLO TO TIE UP FOR MEDICAL TOURISM (Taj Hotels is to promote Apollo Hospitals among the tourists staying at its hotels and vice versa).
February 10, 2005... (From India Business Insight) Taj Hotels Resorts and Palaces proposes to tie up with Apollo Hospitals for promoting medical tourism. As per the plan, Taj Hotels plans to promote Apollo Hospitals among the tourists staying at its hotels...

GSK PLANS TO UP VENDING MACHINE SALES (plans to add 700 vending machines to 1,000).
February 10, 2005... (From India Business Insight) GlaxoSmithKline Consumer Healthcare (GSK) proposes to add 700 vending machines to its existing 1,000 machines. The vending machines provide regular Horlicks, its vanilla variant and Boost. The machines are...

RETAIL BUZZ GETS LOUDER AS GLOBAL LABELS CHECK IN (the Government of India allows 51% foreign direct investment in the retailing sector).
February 10, 2005... (From India Business Insight) The decision of the Government of India to allow 51 percent foreign direct investment (FDI) in the retailing sector has attracted global brands to India. International brands such as Italian coffee...

ELEVATOR EXPERT FIRM IN BANGALORE (the demand for elevators and escalators is estimated at 35,000 units per annum in the next 5 years).
February 10, 2005... (From India Business Insight) Lerch Bates India proposes to foray into the real estate sector in Bangalore. The company provides consulting services on elevators, escalators and moving walks. The company is a joint venture of...