Company Updates

LIC Jumps Into Credit Card Biz With GE Money

Life Insurance Corporation of India

Maruti Will Not React To Another Company’s Plan - Khattar

Maruti Suzuki
New Delhi: Auto market head Maruti Suzuki thinks that the Rs 1-lakh car projected by Tata Motors is more a threat to two-wheeler makers than car manufacturers.

While addressing stockholders at its yearly general meeting, the company emphasized that a broader product range and new investments will push Maruti’s enlargement in Indian market.

Zicom All Set To Open 180 Retail Outlets In India By Next 30 Mths

Zicom Electronics Security Systems Ltd.
Bangalore: Zicom Electronics Security Systems intends to open 180 exclusive retail outlets in India by the next 30 months. The company is also eying sales in the Middle East countries, Sri Lanka and Bangladesh.

Santonu Choudhury, Zicom CEO, said Zicom presently has 20 outlets in India and 50 shops-in- shops in big stores and malls.

MRPL & Shell Enters 4-Year Petrol, Diesel Supply Pact

MRPL Managing Director Mr. R Rajamani
New Delhi: For supplying petrol and diesel, Mangalore Refinery & Petrochemicals Ltd (MRPL) has signed up a four-year agreement with Shell India Marketing Private Ltd. The products comprise all grades of MS and HSD grades.

According to MRPL’s press release the contract is extendable by another two years.

Maruti To Invest Rs 90 Bn By Next 3 Yrs

Maruti Suzuki
Maruti Udyog, India`s biggest car manufacturer, is planning to invest Rs 90 billion in its new plants; up-gradation of its Gurgaon facility; and on new series engines for its cars.

The company is coming up with a new car facility and diesel plant at Manesar.

Maruti intends to export its next high volume car targeted at tile European market from India.

Satyam Brings In Integrated Digital Media Framework For Publishers

Satyam Computer Services
The Hyderabad-based software major, Satyam Computer has launched an integrated digital media framework (IDMF), a solution accelerator for publishers to monetize opportunities. The launch came about on the sidelines of IFRA Expo 2007 in Chennai.

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