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Corporate Briefs

Sona Koyo sales up 26%

Sona Koyo Steering, an auto component maker, has reported a 26 per cent rise in net sales at Rs 83.21 crore in the fourth quarter ended March 31. Net sales stood at Rs 66.5 crore in the year-ago period, a company statement said. Turnover for 2003-04 jumped 31.8 per cent to Rs 285 crore compared with Rs 219 crore in the previous fiscal.

NIC deal

National Insurance Company (NIC) has entered into an agreement with Nainital Bank Ltd for distribution of its general insurance products through the bank’s branches in Uttaranchal, Haryana and New Delhi. NIC assistant general manager D. K. Burman said the tie-up was aimed at providing value-added services to the bank customers.

Pureview Tech

Pureview Technologies, a joint venture between Pureview India and Taiwan-based Funet, has launched its India operations with an initial investment of $3.3 million to sell viewing technology products. The company will introduce LCD monitors and other viewing technology solutions, a release said.

Hitachi pact

Hitachi Global Storage Technologies and Cyberstar has announced an agreement to provide extended warranty support for hard disk drives in India. “The agreement will enable Hitachi GST to enhance the service value of its Deskstar product family,” a company statement said.

Geometric deal

Geometric Software Solutions has appointed management and IT consultancy firm Cedar Consulting to create a roadmap and implement the company’s business strategy. Cedar would validate Geometric’s strategy by using its deployment and performance management system, a release said.

Zensar facility

Zensar Technologies has opened the first phase of its new campus at Kharadi, the fourth development facility of the software company in Pune and sixth worldwide. The Kharadi facility offers the infrastructure to support mission critical international operation.

Bhel move

Bharat Heavy Electricals Ltd (Bhel) has promoted the concept of '5S' — sorting out, systematic arrangement, spic and span, standardisation and self discipline — to achieve better results especially in financial terms.

Pulsar sales

Bajaj Auto Ltd said its Pulsar motorcycle has crossed the five-lakh mark in sales. The milestone was achieved within 30 months of the vehicle’s launch in November 2001, a release said.

CATS service

CATS, a joint venture of Computer Associates and The Chatterjee Group (TCG), has launched countrywide support services for users of the Ingres software. The services include database installation and migration, training for developers and database administrators and providing internal back-up solutions.


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