Parryware eyes buyouts
Parryware, the sanitaryware division of EID Parry (India) Ltd, is looking forward to acquisitions in areas like plastic sanitary wares, ceramics and taps, a top executive of the company said. “The idea is to go in for acquisitions that suit our business plans, pricings and geographical strengths,” A. Vellayan, vice-chairman, EID Parry, said. “However we are not in a hurry,” he added. The company claims 38 share of the organised indian sanitaryware market.
Allianz Bajaj Life Insurance Company has reported a gross premium income of Rs 53.78 crore for the year 2002-03 with a total sum assured at Rs 3,976 crore. The first premium income stood at Rs 53.78 crore, while it issued 1.15 individual policies during the reporting year.
Tektronix has introduced network monitoring tools for operators in the GSM market, from where a majority of the company’s revenue is currently derived. The tools include Net-7 planet network planning software, Net-7 Irma and Net-7 monitoring system.
Satyam Computer Services has launched its global solutions centre in Cyberjaya, Malaysia, to enhance its presence in the Asia-Pacific region. It has also signed a memorandum of understanding with Microsoft (Malaysia) to create it outsourcing capability to meet the growing demands in the region.
California-based fruit and vegetable major Seminis has launched the ‘Seminis’ brand in the country.
Tata Consultancy Services (TCS) has partnered with Jardine Onesolution, a part of Hong Kong-based Jardine Matheson group, to provide industry specific solutions to the latter’s customers.
ICICI OneSource has become the world’s first company to achieve COPC-2000 CSP Certification for back office processing, a press release said.
D-Link India plans to set up a call centre in Goa to render technical support and service to customers.
Alcatel has signed a contract with Videsh Sanchar Nigam Limited (VSNL) for the delivery of Alcatel 1000 mm switching systems and associated network management solutions to deploy their NGN-ready fixed network.
Pinnacle Systems Inc, a leader in digital video content creation tools, has set up a support centre called Pinnacle Technical Support Centre for India.
Indo Rama has been awarded the SRTEPC special award for the second highest overall export performance by the Synthetic and Rayon Textiles Export Promotion Council.