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Corporate Briefs

Rolta ties up with US firm

Rolta India Ltd has signed a memorandum of understanding with US-based Stone & Webster Engineering Projects Private Ltd, an affiliate of the US-based Shaw Group Inc, under which both the firms will form a joint venture company in India. The new venture would provide engineering, design and procurement services to support Stone & Websters' power, refinery and petrochemical projects, Rolta India said.

UK trade body

Invest-UK and Trade Partners UK will be jointly known under a single name of UK Trade & Investment, which will offer resources to make it easier for Indian companies to get support and assistance to maximise their international business.

IndusInd Bank

IndusInd Bank has opened its first-ever overseas office at Dubai to consolidate the bank's service capabilities for its non-resident Indians and high net worth clients.

New Horizons

New Horizons India Ltd, the joint venture between New Horizons Worldwide and Shriram Global Technologies, has entered into a partnership with Red Hat to provide Red Hat — Linux certified courses in the country.

Madura alliance

Madura Garments has formed an alliance with US-based Nanotex to undertake a technical innovation programme in fabric development pertaining to its brands. Under the tie-up, Madura Garments launched “Resista”, a stain-free, wrinkle- free range of shirts from its Peter England brand, using the Nanotex technology.

Satyam pact

Satyam Computer Services Ltd has signed an agreement with American International Technology Enterprises, a member company of American International Group (AIG) and a leading provider of insurance software and solutions. Under the agreement, Satyam will be the exclusive licensed provider of digital software customisations and modifications to AIG Technologies and its customers.

TCIL dividend

Telecommunications Consultant India Ltd has paid Rs 3.6 crore as interim dividend in 2002-03. With this, the company has paid a total dividend of Rs 21.6 crore in 2002-03. It had earlier paid an interim dividend of Rs 18 crore to the government.

Aiwa launch

Aiwa, a wholly owned subsidiary of Sony Corporation, will be launched in phases in the domestic market. Initially, Aiwa home audio systems are being introduced in Delhi, Mumbai, Pune, Bangalore, Hyderabad, Chennai and Calcutta.

Anmol Biscuits

Anmol Biscuits, the flagship company of the Calcutta-based Anmol group, has introduced a few more varieties of biscuits and has re-launched some of its existing brands, including Marie, Cream Cracker, Bourbon and Zesty. The company plans to expand to southern and western India.


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