The Telegraph
Since 1st March, 1999
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Business Briefs

Wipro on the prowl

New Delhi, Nov. 6: Wipro today said it is open to more acquisitions to strengthen its consumer-care business. This announcement follows Wipro’s acquisition of Glucovita brand from Hindustan Lever last year. The company would also actively look at expansion of a host of its brands, its consumer care and lighting business president Vineet Agrawal said launching architectural lighting range here.


London, Nov. 6: ICICI Bank launched its UK operations today with a wholly-owned banking subsidiary offering a range of products targeted at corporations and high net worth individuals. It has also formed a partnership with Lloyds TSB plc, a leading UK-based financial group.

Tax mopup

New Delhi, Nov. 6: Robust corporate earnings pushed up direct tax collections by 19 per cent to Rs 38,759 crore till October this year compared with Rs 32,674 crore during April-October 2002.

CGL recast

Mumbai, Nov. 6: Crompton Greaves Ltd (CGL) is hoping to boost exports with focus on power division. It is also planning to hive off its capacitor and industrial electronics divisions as part of the restructuring process.

Ispat Intl loss

London, Nov. 6: Ispat International NV, owned by L. N. Mittal, today reported a net loss of $10 million for the third quarter of 2003 compared with a net profit of $26 million in the year-ago period.

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