"Economic uncertainties redefine corporate strategy": Economic uncertainties and differential growth rates will force corporates to constantly review and redefine their strategy, planning and style of management, industry experts have said. Corporates will have to be more flexible, focus onorganisational training and value addition, Brij K Chandramani, national training and development manager, Motorola India said at a seminar in New Delhi on Sunday. According to RL Bhatia, executive director, Centre for Change Management, companies will have to change their strategy and planning everyday instead of once in three or five years to succeed, march into the next century and survive.

Jewellery exhibition on: Participants and visitors from over 40 countries will be coming for the third Delhi international jewellery and watch exhibition from October 9 and the organisers expect business during the four-day meet to run into crore of rupees. The third edition of the exhibition, organised by ITE and sponsored by the World Gold Council, is seeing increased participation. Italy is coming as a major participant and a special pavilion is being set up at Pragati Maidan for the Italian range of jewellery displays.

Private fund picks stake in Edge Systems: The India Private Equity Fund, advisedby Indocean Chase Capital Advisors, is buying a 12 per cent stake in Leading Edge Systems (LES). The fund will invest in warrants exercisable over an 18-month-period to enable the company fund its expansion plans. LES has grown rapidly over the last three years, with 90 per cent of revenues from client-server based services to US companies. It has business alliances with Microsoft, Oracle, Dynasty, Powersoft and Sybase. With expanded offices in Mumbai equipped with satellite links, it plans to increase the offshore component of its turnover substantially.

Nalco's alumina export record: National Aluminium Company (Nalco) has exported 104,747 tonnes of calcined alumina worth Rs 76.78 crore in bulk last month. This is the highest-ever export of calcined alumina in a single month, surpassing the previous best of 74,855 tonnes achieved in March, 1994, a Nalco press release said here on Sunday. Nalco's 800,000-tonne alumina refinery located at Damanjodi in Koraput district of Orissa had been setting newstandards in alumina production and exports. As a star-trading house, the company had established a strong international presence in more than 30 countries with its quality exports of alumina and aluminium, the release said.

Japanese firm offers to set up pigment unit: Japanese pigment manufacturer Toda has offered to set up a Rs 140-crore red-pigment unit in tie up with software firm Nest, utilising the effluent discharged by state-run Titanium Products (TTP) in Thiruvananthapuram. This was disclosed by Nest corporate chairman and NRI investor Javed Hassan at a press meet recently. Hassan said the idea was to find a solution to the effluent-treatment problem faced by TTP which was now discharging its waste into the sea.

IMC assails state's free-power plan: Indian Merchants' Chamber has opposed Maharashtra government's plan of providing free electricity to 22 lakh farmers in the state and demanded that farmers be charged on actual consumption basis. In a statement, IMC president YP Trivedisaid there was "no case at all to reduce electricity rates for farmers." Waiving of electricity bills would not only deepen the losses of the state electricity board but send wrong signals and encourage farmers not to pay their bills on time as well, Trivedi warned.