The Telegraph
Since 1st March, 1999
Email This Page
Business Briefs

Feb date for Wipro centre

Bangalore, Nov. 2: Wipro is commencing operations in a newly-established development centre in Calcutta from February 1, Bengal's IT minister Manabendra Mukherjee said. The centre can accommodate over 2,500 professionals. Wipro had acquired 12.5 acres of land in Calcutta. They will take seven acres more,” he said.

Alstom unit

Calcutta, Nov. 2: Alstom Limited, a subsidiary of Alstom Holdings of France, is taking steps to make the motors division viable to arrest continuing losses. The measures include streamlining the division by introducing voluntary retirement scheme for its employees.


New Delhi, Nov. 2: The joint operators of the Panna-Mukta and Tapti oil and gas fields off the west coast have launched a $740 million output enhancement campaign with a multi-well drilling programme. “We have received government approval for investing $138 million in phase-I redevelopment of the fields,” British Gas India CEO Nigel Shaw said.

SSI loans

Malda, Nov. 2: Union minister of state for small-scale industry Tapan Sikdar said the interest rate of bank loans for small-scale units would be reduced to 11 per cent from the present 13 per cent within a year. The Centre even wants to reduce the interest rate to 9 per cent in course of time.


Bangalore, Nov. 2: The government plans to spend over Rs 12,410 crore in the next five years on information and communication-related e-governance projects to bring about a transformation in the rural economy, Union industrial policy and promotion secretary Rajeeva Ratna Shah said.

Email This Page