Steel-pipe producer, Welspun Gujarat Stahl Rohren Ltd has announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary.
A senior company executive commenting on latest situation said, "The move will allow better financial control, better fiscal efficiency by rationalization of various applicable taxes, duties and create an independent identity of high-end steel business."
Following the demerger, a separate team with independent board and management would be structured, he added.
A new, location-based service has been launched by Tata Teleservices Ltd on Monday. Called the 'Quickfinder Assisted Global Positioning System' (A-GPS) service, it aims at facilitating for the CDMA subscribers the pin down of locations of interest, and the en-route tracking of vehicles and consignments.
The latest offering from Tata Teleservices is powered by Qualcomm's 'QPoint' solution and 'gpsOne' technology incorporated into its chipsets. The Navigator application of the service will provide end-users with driving instructions, and information about the shortest route to a preferred destination.
Washington - PepsiCo Inc, the chief rival to Coca-Cola for world domination of the drinks market, Monday offered 6 billion dollars in cash and stock to buy out other shareholders of its two biggest bottlers in North America.
The move represents an about-face from the 1990s, when Coca-Cola and then PepsiCo spun off their capital-intensive bottling operations.
The offers of 29.50 dollars per share for stock it doesnt already own in Pepsi Bottling Group Inc and 23.27 dollars for PepsiAmericas Inc. shares reprsent a 17 per cent premium over closing priceirs on Friday.
Close on the heels of the last week announcement of an increase of fuel surcharge on air tickets by Jet Airways and Kingfisher Airlines, the economical airlines, SpiceJet Ltd, has also decided to raise fuel surcharge on domestic sector air tickets by up to Rs 300.
A recent scrutiny of drug-manufacturer Cipla's Bangalore plant by the US Food and Drug Administration (FDA) revealed as many as nine deviations in the pharma firm's manufacturing process.
With the reports about the digression found at the plant, the shares of Cipla suffered a blow at the Bombay Stock Exchange (BSE), as well as the National Stock Exchange (NSE), on Monday. Despite the company justifying its stand and terming the deviations as "minor ones" relating to manufacturing practices, the stock fell at the BSE.
Financial 
Steel-pipe producer, Welspun Gujarat Stahl Rohren Ltd has announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary. 
A new, location-based service has been launched by Tata Teleservices Ltd on Monday. Called the 'Quickfinder Assisted Global Positioning System' (A-GPS) service, it aims at facilitating for the CDMA subscribers the pin down of locations of interest, and the en-route tracking of vehicles and consignments.
Washington - PepsiCo Inc, the chief rival to Coca-Cola for world domination of the drinks market, Monday offered 6 billion dollars in cash and stock to buy out other shareholders of its two biggest bottlers in North America.
Close on the heels of the last week announcement of an increase of fuel surcharge on air tickets by Jet Airways and Kingfisher Airlines, the economical airlines, SpiceJet Ltd, has also decided to raise fuel surcharge on domestic sector air tickets by up to Rs 300.
A recent scrutiny of drug-manufacturer Cipla's Bangalore plant by the US Food and Drug Administration (FDA) revealed as many as nine deviations in the pharma firm's manufacturing process. 
