The Hindu Business Line : Tuesday, February 25, 2003

Despite improved credit offtake — Banks still crave for Govt paper
IMPROVED credit demand linked to a revival in industrial activity has enabled banks to almost double aggregate lending levels during the current fiscal. But that has still not satiated their appetite for Government paper. As on February 7, ... More

Move to bridge cell-CDMA tech — Will operators bite Qualcomm's bait?
The technology takes full advantage of an operator's investment in its existing network, maintaining all key features and services inherent in the system even as it will increase an operator's voice and data capacity by utilising the existing scarce spectrum. More

Air India plane purchase deal delayed
THE proposed induction of 18 small capacity small range (SCSR) aircraft by Air India in a deal which is estimated to cost over $1 billion (Rs 4,800 crore) has been delayed. The deal will be taken up only after the finalisation of purchase of ... More

Wisden Online joins `site' with CricInfo — Sify to own 33% stake in merged entity
WISDEN Online and CricInfo Ltd have merged to form a new business, Wisden CricInfo. Prior to the merger, Sify Ltd owned 25 per cent of CricInfo Ltd. Post-merger and with an additional payment of £3,00,000 Sify will now own 33 per cent of the ... More

Dr Reddy's sues Pfizer on Sertraline ANDA
DR Reddy's Laboratories Ltd has announced that it had filed a lawsuit seeking declaratory judgment against Pfizer in the US district court of New Jersey regarding its abbreviated new drug application (ANDA) for Sertraline Hcl. Sertraline Hcl ... More

HPCL, BPCL disinvestment — AG's word is not final, says Opposition
THE Union Government's decision to go ahead with the disinvestment in HPCL and BPCL on the strength of the Attorney-General's opinion that Parliamentary opinion was not required for this task has not doused the demand of the Opposition ... More

Pepsi to review Warne contract — Current advertisements to continue
THE presenting sponsor of the World Cup 2003 - soft drinks major PepsiCo India - has decided to review its contract with Australian leg spinner Shane Warne, in the wake of the latter being banned for a 12-month period for testing positive ... More

GTL to acquire Redington group for $95 million
GTL Ltd today announced that it plans to acquire the Singapore-based Redington Group for a total consideration of $95 million in a cash-and-stock deal. A GTL release said that two companies have "agreed to consolidate their businesses" and as ... More

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