The Telegraph
Since 1st March, 1999
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Business Briefs

Tata Infotech expansion

New Delhi, Sept. 8: Embarking on a domestic and overseas expansion drive, Tata Infotech will set up another 100 centres in the country primarily in the B and C class cities this year besides entering new markets like Africa and Latin America. “We will be looking at 100 non-metro cities in Punjab, Karnataka, UP and Himachal Pradesh among others to set up about 100 centres”, Rahul Thapan, head, education business said. The company will also set up 20 centres in foreign markets, he added. At present, the company has 200 centres in metros and other major cities of the country.

Meridien stake

New Delhi, Sept. 8: Hotel chain Meridien India may soon become a wholly-owned subsidiary of its British parent, after the Foreign Investment Promotion Board cleared Le Meridien UK’s proposal to acquire remaining equity in the Indian venture.


New Delhi, Sept. 8: The government is likely to corporatise the Life Insurance Corporation of India in about a year’s time by repealing the LIC Act of 1956 and hike its capital to over Rs 100 crore as stipulated by regulator IRDA.

Lisbon session

Lisbon, Sept. 8: Leading economists from around the world will begin a five-day meeting in Lisbon on Monday to analyse the state of the global economy. More than 1,000 economists are expected to take part, including Nobel Prize winners Amartya Sen and Robert Salow.

Essar plan

Hazira, Sept. 8: Essar Steel chairman Shashi Ruia today expressed hope that restructuring exercise with leading financial institutions would be finalised soon and debunked any notion that his group has any ‘problem’ with such institutions.

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