The Telegraph
Since 1st March, 1999
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Business Briefs

Centre clears air on selloff

New Delhi, March 6: The government today assured the Lok Sabha that HPCL and BPCL would continue to remain as public sector undertakings during the month-long recess of the current Budget Session of Parliament beginning March 14, Parliamentary affairs minister Sushma Swaraj said. Stating that the government had no objection to a debate on the issue, Swaraj added that it had already been discussed by the Rajya Sabha.

Sensex trough

Mumbai, March 6: The sensex tumbled 35.75 points to close at a three-month low of 3190.35 at the BSE today.

Indigo sales

Mumbai, March 6: Telco’s Indigo has retained its leadership position for the second month running in the midsize C segment with sale of 1,772 vehicles in February 2003. Telco added that the vehicle increased its market share from 27 per cent in January to 29 per cent in February.

RPG Life foray

Mumbai, March 6: RPG Life Sciences Ltd plans to enter the US generic drug market with its drug Cyclosporine, a drug used for kidney transplantation. It also plans to set up a joint venture in Puerto Rico with an American company to supply Cyclosporine to the US.

TCS on a high

Calcutta, March 6: Toyota Financial Services has farmed out the job of maintaining its legacy systems to TCS’ Calcutta centre. This is the first time that a company outside the US has been chosen for the assignment.

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