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Wednesday, February 10, 1999

MTNL's Internet debut hooks many
There came an alternative and Net buffs rushed to grab it. The Mahanagar Telephone Nigam Ltd (MTNL), set to provide the biggest challenge to another state-owned entity, the Videsh Sanchar Nigam Ltd (VSNL), got off to a flying start on the first day of the launch of its internet service in Mumbai and Delhi.

Recession-hit Voltas adopts new mantra -- Work more for less
The new slogan for the recession-hit corporates seems to be work more for less. Voltas is negotiating with its 7,000-odd employees for a six-day week, reducing the number of holidays from 18 days to 10 days per annum and a complete freeze on dearness allowance. The Voltas corporate office historically follows a five-day week schedule.

ICICI Bank set to launch chain of off-site ATM centres in city
In keeping with its thrust on cyberbanking services, ICICI Bank will be launching the first ever off-site ATM centre to be set up by an individual Indian bank. The first of the proposed chain of off-site ATM centres to be set up by the bank will come up very shortly at King's Circle in Mumbai.


Inspirations furnishing fabrics

Central Electronics Limited

Patel Roadways Limited


  Corporate Briefing
  Ranbaxy Labs likely to forge pact with Glaxo
  JK Corp seeks nod to hive off polyester unit
  Aptech -- Why equity dilution now?
  Volvo earmarks Rs 70 crore investment for bus unit
  Petronet India's Rs 410cr Vadinar pipeline equity structure
  `SWC deal must abide by writ petition'
  SmithKline Beecham to sell 2 US subsidiaries
  Philippines Airlines' creditors must leave planes alone
  Lycos, TMCS agree to merge, to form USA/Lycos
  Cabinet looking into IDBI report on SAIL asset recast
  Assocham for 50% cut in excise duty for steel sector
  Espionage vs intelligence
  Herbertsons case fails to get hearing
  Telco selects first 10,000 Indica allotments
  Siel keen to buy back stake from Honda
  Community Internet project to get formal WorldTel nod in March
  Mafatlal retires part ICICI debt, sells property worth Rs 81
  MSEB appeals to Centre on Dabhol guarantee issue
  Dutch giant to launch ERP in box solutions
  Uco Bank shuts down London branch



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