Friday, September 8, 2000,
Chandigarh, India







THE TRIBUNE SPECIALS
50 YEARS OF INDEPENDENCE

TERCENTENARY CELEBRATIONS
B U S I N E S S

Vajpayee to take up issue with Clinton
NEW DELHI, Sept 7 — India has written to OPEC to increase the production of crude oil in the interest of both oil producing and consuming countries.Realising that the oil rates at a record $ 34 a barrel were unsustainable for at least developing economies like India, it was decided that the Prime Minister, Mr Atal Behari Vajpayee, would take up the issue with the US President, Mr Bill Clinton, during his current visit to that country.

Oil retreats as OPEC may increase output
LONDON, Sept 7 — Oil markets retreated from 10-year highs in a reprieve for energy importing nations on Thursday after Saudi Arabia told U.S. President Bill Clinton it expected OPEC to increase crude production by 3 per cent.

Now New Zealand wants IT specialists
MELBOURNE, Sept 7 — After the USA, Canada, Britain and Germany, it is New Zealand’s turn to head-hunt for Indian information technology (IT) specialists as it is facing an acute shortage of IT professionals.

Private telephone connections from Oct
CHANDIGARH, Sept 7 —Now you can get a telephone connection within two to a maximum of seven days and that too at the cost of an ordinary connection. So claims HFCL Infotel, which will start providing private telephone connections in Punjab and Chandigarh from October.

PNB floats gold import scheme
NEW DELHI, Sept 7 — The Punjab National Bank has introduced gold import scheme, the General Manager of the Bank, Mr P.K. Gupta, said here today.The scheme shall be available to exporters, NRIs, returning Indians and domestic in the selected branches at seven centres in the country.




EARLIER STORIES
 

Maruti to roll out cheaper Wagon R
NEW DELHI, Sept 7 — Maruti Udyog Limited (MUL) has discontinued production of the top-end version of its latest offering “Wagon-R VX” and is introducing two new cheaper variants of the car with power-steering — LXI and VXI — sporting price tags of Rs 3.65 lakh and Rs 3.85 lakh respectively.

Notice to Nestle
AHMEDABAD, Sept 7 — The Monopolies and Restrictive Trade Practices Commission (MRTPC) has issued a notice against Nestle India Ltd for selling less than the stated quantity of coffee in 50 gm sachets of its Nescafe brand.

‘Diamond’ opened
AMRITSAR, Sept 7 — The Union Government is likely to sanction a special grant of Rs 100 to Rs 150 crore to each of the Regional Engineering Colleges for the upgrading and future development of computer technology.


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Vajpayee to take up issue with Clinton
Tribune News Service

NEW DELHI, Sept 7 — India has written to OPEC to increase the production of crude oil in the interest of both oil producing and consuming countries.

Realising that the oil rates at a record $ 34 a barrel were unsustainable for at least developing economies like India, it was decided that the Prime Minister, Mr Atal Behari Vajpayee, would take up the issue with the US President, Mr Bill Clinton, during his current visit to that country.

The acting US Ambassador to India, Mr A.A. Thibault, also met the Minister for Petroleum and Natural Gas, Mr Ram Naik, here today and is understood to have discussed the issue with him.

Mr Naik on his part also appealed to the members of OPEC to increase the production level of crude oil so that the prices are brought down to sustainable levels.

In a letter to OPEC, the Minister has urged it to take such a decision at the proposed OPEC meeting on September 10. Expressing grave concern at the current oil prices, Mr Naik emphasised that the high prices would adversely affect the economic activity of oil consuming countries which in turn would affect the suppliers of oil as well in the long run.
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Oil retreats as OPEC may increase output
From William Maclean

LONDON, Sept 7 — Oil markets retreated from 10-year highs in a reprieve for energy importing nations on Thursday after Saudi Arabia told U.S. President Bill Clinton it expected OPEC to increase crude production by 3 per cent.

Benchmark Brent crude slid 1.4 percent on word that OPEC's dominant power expected the cartel to agree to add 700,000 barrels per day (bpd) at a policy meeting this weekend.

The message was given to President Bill Clinton by Saudi Crown Prince Abdullah during talks in New York during a break in the U.N. Millennium Summit, a source close to the talks said.

"Saudi Arabia will come through. Everybody knows we want $25 a barrel. We're not equivocating on this," the source said.

USA raises pressure
A price fall cannot come soon enough for oil importing nations facing wholesale fuel bills up 40 per cent this year.

In Asia, where some governments are struggling to dismantle decades-old subsidies on oil, the higher prices threaten civil unrest in some countries.

In France, protesters tightened their stranglehold on oil supplies in a showdown with the government over fuel tax.

Farmers planned a protest at the Channel Tunnel at Calais and threatened to block the entrance while taxi drivers converged on major cities for a massive "go-slow" protest.

This year's 15 per cent fall in the Euro against the dollar has aggravated a 43 per cent rise in greenback-denominated crude prices to worsen wholesale energy costs for Eurozone economies.

In Washington, the Clinton administration said oil prices remained unacceptably high and urged OPEC exporters to seriously consider raising output to bring down prices and meet demand.

"The markets around the world ... are very clearly insisting that there's not enough oil on the market to bring the stability that is needed," U.S. Energy Secretary Bill Richardson said.

Finance ministries around the world will be watching closely as the 11-strong Organisation of the Petroleum Exporting Countries meets in Vienna on Sunday to set output policy. — Reuters

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Now New Zealand wants IT specialists
From Paritosh Parasher

MELBOURNE, Sept 7 — After the USA, Canada, Britain and Germany, it is New Zealand’s turn to head-hunt for Indian information technology (IT) specialists as it is facing an acute shortage of IT professionals.

The Information Technology Association of New Zealand (ITANZ), the Immigration Service and Trade New Zealand have come together to recruit about 200 IT experts from India.

Aware of the fact that it would be competing with countries like the USA and Britain, Wellington plans to attract Indian IT specialists by selling a package that combines lifestyle and enjoyment. They would be fully exploiting two common reference points — cricket and the use of New Zealand locations for Bollywood blockbusters like the Hrithik Roshan starrer “Kaho Na Pyar Hai”.

“We are using a ‘New Zealand Inc’ approach. We are helping immigration devise screening techniques so we get people with the right skills in areas like Java, Oracle databases, Web design and e-commerce,” said Jim O’Neill, ITANZ executive director.

The recruiters are looking for professionals with a reasonably good command of English and willing to work in “customer environments”. They will hold seminars in Bangalore and Hyderabad, the major IT centres in India, on October 9 and 10, besides visiting Mumbai and Chennai for separate recruitment drives.

The representatives of ITANZ member companies like Oracle, Synergy and Fujitsu would also participate in these seminars. Another member of ITANZ and a major South Pacific IT recruitment company, Candle, would also send its representatives to India.

India has been chosen because it has a huge pool of skilled IT professionals, according to Arron Baker, the Regional Director of the New Zealand Immigration Service for Asia and the Middle East. The companies would have jobs ready for some of the Indian migrants. Others would not have to wait long to get an IT-related job as “any people we take from this process will be marketable,” O’Neill told the New Zealand Herald newspaper.

“One of the places known to have a huge number of people with IT skills is India. It produces on average 600,000 science or technical graduates a year. In 1997, we produced 1,033 technical-related graduates,” O’Neill added.

The New Zealand Immigration Service is also setting up a special unit in India to help IT professionals interested in immigrating. “We are competing with Australia, Canada, Germany and other countries for skilled migrants,” Baker said. He also acknowledged the fact that the Indian IT industry is booming and the Indian companies have been doing very well internationally. — IANS
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Private telephone connections from Oct
By Shveta Pathak
Tribune News Service

CHANDIGARH, Sept 7 —Now you can get a telephone connection within two to a maximum of seven days and that too at the cost of an ordinary connection.

So claims HFCL Infotel, which will start providing private telephone connections in Punjab and Chandigarh from October. The company using the brand name “Connect”, will provide Wireless Local Loop access networks throughout Chandigarh and wireline in S.A.S. Nagar and parts of the UT. The next phase will include services in Patiala and Ludhiana which are expected to start by November. The company will tie up with DoT and the user will be able to make calls throughout the country and outside via VSNL.

The company has already put up wirelines in most of the areas in S.A.S.Nagar and Sectors 21, 22, and 23 of Chandigarh. By the end of September, Sectors 34, 35, 26, 8, 9 and a few others will also be covered. Wireless services, however, will be available throughout the city. In case of the wireless system, the instrument to be provided by the company itself, will have a small antenna attached to it. Officials in the company say that the voice quality will also be same as that of fixed Phone connections.

“We will be starting with wireless system since it is not possible to put wires in the entire region all at once. However, gradually we plan to shift entirely to the wire system as the wireless system is expensive and cannot handle additional facilities like FAX, EPABX, Internet etc.”, says Mr.Vijay Kaul ,Chief Marketing Officer.

Connections will be issued from next month. Charges will be the same as of DoT. Bills will reach the user through a courier and payments can be made through banks.Facilities like call divert, morning calls etc will be same as are being provided by the department.Volume rebates on the bills will also be provided.

Under the fixed wire system ,the connection will be provided via Optic Fibre Cable which would ensure much greater bandwidth and additional services.

By the end of March, all cities in Punjab are expected to be covered by private lines.There will be as many as 50 exchanges which will be set up in the state. After Ludhiana and Patiala , the next step will cover Jalandhar and Amritsar.

With an investment of more than Rs. 1,200 crore Connect would provide Internet ,IN ,VPN, Freephone services,Centrex ,DID and ISDN for high speed data transmission and broadband services.
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PNB floats gold import scheme
Tribune News Service

NEW DELHI, Sept 7 — The Punjab National Bank has introduced gold import scheme, the General Manager of the Bank, Mr P.K. Gupta, said here today.

The scheme shall be available to exporters, NRIs, returning Indians and domestic in the selected branches at seven centres in the country.

The business would be initially conducted on consignment basis, he said, adding that the bank has entered into supply arrangements with Commerz Bank, Luxemburg.

The gold import scheme will be available in Delhi, Ludhiana, Amritsar, Jaipur, Ahmedabad, Mumbai and Chennai, where international quality gold bars in the form of TT bar/kg bars would be sold at designated branches having high cash management capabilities at competitive prices.

The business target for 2000-01 have been set at Rs 85,000 crore, he said.
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Maruti to roll out cheaper Wagon R

NEW DELHI, Sept 7 (UNI) — Maruti Udyog Limited (MUL) has discontinued production of the top-end version of its latest offering “Wagon-R VX” and is introducing two new cheaper variants of the car with power-steering — LXI and VXI — sporting price tags of Rs 3.65 lakh and Rs 3.85 lakh respectively.

MUL has been offering discounts of up to Rs 30,000 over the past few weeks in a desperate bid to clear dealer inventories of the Wagon-R VX model. The VX model was priced at Rs 4.05 lakh.

The introduction of the two new variants featuring electric power steering (EPS) is in response to the recent offensive by competitors — Daewoo Motors India Limited and Hyundai Motor India Limited — in launching similar models.

A statement issued here today said the Wagon-R will now be available in four variants — LX, AX, LXI and VXI. The addition of the EPS to the Wagon-R and introduction of two more variants is aimed at further consolidating MUL’s in the premium small car market. The Wagon-R LXI, will, in addition to the EPS also be equipped with central locking and split rear seats.

Wagon-R is powered by a 1.1 litre, 62 BHP, 16 valve, MPFI engine. The Wagon-R LX is priced at Rs 3.43 lakh while the AX version sports a price tag of Rs 4.96 lakh.

Meanwhile, MUL Managing Director Jagdish Khattar told UNI that the company is not in favour of discontinuing the automatic transmission versions of its passenger cars — Zen, Wagon-R and Esteem — despite low volumes.

Regarding the possibility of extending the reduced prices of Maruti-800, Omni and Wagon-R beyond September 30, Mr Khattar said, the position will be reviewed by the month-end. “The response in the first two months has been tremendous and we now have a 15-day waiting period on Maruti 800. But we will decide only by the month-end if we want to extend this further.’’
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Notice to Nestle

AHMEDABAD, Sept 7 (PTI) — The Monopolies and Restrictive Trade Practices Commission (MRTPC) has issued a notice against Nestle India Ltd for selling less than the stated quantity of coffee in 50 gm sachets of its Nescafe brand.

The action followed a complaint by Consumer Education and Research Society (CERS).

Tests carried out by CERS on 50 gm sachets of four brands of instant coffee — Nescafe, Sunrise, Tata Cafe and Bru — at its comparative product testing laboratory here revealed non-compliance in weight in the case of Nescafe, the Society said in a press note.

Though the Nescafe sachet claimed to contain 50 gm of coffee, the average net weight of 10 sachets of this brand was 47.5 gm, CERS said.

The standard rules permit a maximum variation of three per cent i.e. 1.5 gm in a 50 gm packet, CERS said, adding that this meant the consumer was paying Rs 2 extra for every 50 gm sachet of Nescafe.

The CERS has pleaded in its complaint that regardless of the variation permitted by the Weights and Measures Act, the consumer must get at least the quantity he is paying for.
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Diamond’ opened
From Our Correspondent

AMRITSAR, Sept 7 — The Union Government is likely to sanction a special grant of Rs 100 to Rs 150 crore to each of the Regional Engineering Colleges for the upgrading and future development of computer technology.

Mr H.S. Sagar, Principal of Regional Engineering College, Jalandhar, announced this while inaugurating an information and web company, Diamond Web Era Private Limited launched by local software engineers.

Mr Navdeep Singh, Managing Director of Diamond Web Era, said the company would provide a complete package of dealing with e-commerce, website designing, maintenance and hosting besides the company would cater to site promotion and media advertisements on internet.

Other websites the company was creating for M.K. Hotels and Resorts, Mohan International Hotels, Doaba College of Jalandhar, etc.

The company aims to provide opportunities for professionals in software development, web designing and information technology related to other applications.
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Arzoo.com launched

MUMBAI, Sept 7 (UNI) — Mr Sabeer Bhatia, co-founder of Hotmail (world’s most popular Internet e-mail service), today announced the launch of Arzoo.com, his latest venture in providing real-time technology consultancy services to corporates, government agencies and emerging technology start-up firms. Explaining his future action plan, Mr Bhatia told reporters here that Arzoo would be a large technology corporate on the Net which provides companies with web-based access to a global network of technology experts who offer real-time problem-solving assistance for engineering, Information Technology (IT) and technical support applications.
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THAT'S IT

Germany plans Internet tax
BERLIN, Sept 7 (Reuters) — Germany is planning to slap new levies on computer telecommunications and Internet products to ensure that authors are properly rewarded for the use of their work, a newspaper said on Wednesday.

The Berliner Zeitung said proposals had been drafted requiring manufacturers of goods from computers to printers, modems, compact disc “burners” and other devices to pay fees that would then be forwarded to music and film companies.

Officials at the Justice Ministry, which it said was behind the move, were not immediately available for comment.

The new tax would particularly intend to ensure that the authors of cultural products available on the Internet were properly rewarded.

Similar levies already exist in Germany on devices whose main function is that of copying, such as scanners, photocopiers and fax machines. Depending on the power of the machine involved, the taxes range from 75-600 marks ($ 30-$275).

Edutech launches WAPnext
NEW DELHI, Sept 7 (TNS) — Edutech Informatics India Ltd., a part of the Singapore-based transnational informatics, has launched WAPnext, the first of its kind e-Commerce training module in Wireless Application Protocol (WAP) technologies. This programme will be offered across all informatics centres in India.

The 504-hour programme would offer an indepth coverage on advance technologies like Javaserver pages, Servlets, JDBC, XML, Oracle 8i and WAP along with designing and developing web solutions. It aims to make students aware of the immense potential of Internet. The programme will enable students to understand the fundamental principles of the world wide web, even while training them to create advanced e-commerce solutions with WAP technologies, according to a company press release issued here today.

Intellicon unveils transtel, Karel
NEW DELHI, Sept 7 (TNS) — The Gujarat based Intellicon Limited, dealing in telecom switching and automatic identification and data capturing (AIDC) products, has launched transtel and Karel to make a foray into the North Indian market. “AIDC consolidation in a formidable manner in the corporate sector is largely due to the process of computerisation entailing a need for accurate data capture solution,” said the MD of the firm, Mr Sameer Parekh, here today.

Sun Microsystems tie-up with IITs
NEW DELHI, Sept 7 (PTI) — Sun Microsystems today entered into an agreement with IIT Delhi, IIT Kanpur and IIT Kharagpur for launching its “Collaborative Research Programme” aimed at focused joint research in cutting edge technologies. “Under the MoU Sun will team up with faculty and students from the institutes and undertake collaborative research on technologies such as protocol verification of mobile systems, replication of web resources and server selection,” Jeff Rulifson, Director of Sun Microsystems Labs (Europe) said here.

ISPs shows in seven cities
BANGALORE, Sept 7 (PTI) — A series of “Internet service providers shows” would be held in seven cities of the country beginning in Mumbai next month, aimed at bringing the growing community of Internet users face-to-face with the ISPs. The first “India ISP show” would be held at Mumbai’s World Trade Centre from October 6 to 8. Other cities to host the show were Baroda, New Delhi, Calcutta, Hyderabad, Bangalore and Chennai and the series was expected to be completed by March next, organisers said.
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  sti
OFFBEAT

Cyanide as cancer-killer
From Ben Hirschler
LONDON: The deadly poison cyanide may have a role as a powerful cancer killer, British scientists have said.

Researchers at London’s Imperial College told a science meeting that they had harnessed a cyanide-generating system used by plants as a defence against insects and believed the mechanism could be developed to produce anti-cancer drugs.

Plants like the hydrangea and African potato contain an enzyme called linamarase which is capable of generating cyanide when they are damaged by animals or insects.

The scientists believe they can attach that enzyme to a cancer-seeking antibody capable of recognising a protein found only in certain cancers. The method — known as AGENT (Antibody Guided Enzyme Nitrile Therapy) — would produce an agent that could potentially kill cancer cells and leave healthy tissue unharmed.

Dr Mahendra Deonarain of Imperial College’s Department of Biochemistry told the British Association’s Festival of Science meeting in London that the work was still at an early stage but was promising.

“We have demonstrated that this system is able to specifically kill tumour cells by cyanide intoxication,” he said. “The next step is to identify the best molecule to proceed before we go on to animal studies.” — Reuters

Global warming won’t spread malaria
WASHINGTON: Fears that global warming could spread malaria to regions otherwise free of the disease are unjustified, scientists said on Thursday.

Computer models show that global warming will mean drier conditions in northern latitudes, not the steamy, humid conditions needed for malaria-spreading mosquitoes to thrive, the researchers reported in the journal Science.

“We disagree with these silly wild predictions that malaria could spread dramatically because those studies rely on a rather suspect model,” David Rogers of Oxford University in Britain said in a telephone interview.

Malaria, which kills a million people a year, is spread by mosquitoes. Found mostly in tropical areas, fears are that global warming could create new havens for both mosquitoes and the malaria parasites they carry.

Rogers’ main criticism is that many studies seem to have overlooked the essential conditions that keep the parasites that cause malaria alive and instead focused solely on global warming. His study, he said, is more accurate because it combines these key factors and long-term weather forecasts.

“It’s not staggeringly brilliant but it’s better that what others have done.” Rogers said. — Reuters

Laptops with antennae
NEW YORK: International Business Machines Corp will launch its first laptops with built-in antennae for wireless connections later this year.

The wireless capability replaces the Ethernet cables that connect computers to each other and the Internet in office and school computer networks.— AP
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  bb
BIZ BRIEFS

Cellmania Inc
CHANDIGARH, Sept 7 (TNS) — Cellmania Inc. a WAP provider, today signed an agreement with AirTel to provide Mfinder TM to AirTel’s WAP service customers. AirTel will use Mfinder, a comprehensive WAP directory as a default search engine for it’s WAP services in India. Costomers will be able to surf the Net using Mfinder.

Depository
NEW DELHI, Sept 7 (PTI) — Unit Trust of India (UTI) would pick up 10 per cent stake in the country’s upcoming Central Depository Services Ltd (CDSL) floated by Bombay Stock Exchange (BSE). “UTI has filed an application for becoming one of the sponsors of the depository... the matter would be referred to SEBI for its approval soon” CDSL Chairman M.G. Damani told PTI here.

Spice Telcom
CALCUTTA, Sept 7 (PTI) — Spice Telcom today announced a strategic, tie-up with Stockmarket.com, the premier online financial services trading website of the Apeejay Surrendra Group, for providing stock market news to WAP-enabled mobile handsets.

ICICI
MUMBAI, Sept 7 (PTI) — ICICI today signed an agreement with Emirates Bank Group, a leading financial services conglomerate, for marketing of products offered by the Indian financial institution to NRIs in the United Arab Emirates.

Central Pulp
NEW DELHI, Sept 7 (TNS) — The Central Pulp Mills registered 18 per cent increase in their sales and the net profits jumped by 138 per cent to Rs 10.07 crore for the financial year ending the June.

Frontier Alloy
NEW DELHI, Sept 7 (PTI) — The Board of Industrial and Financial Reconstruction (BIFR) has issued a show-cause notice to the promoters of the ailing Frontier Alloy Steels Ltd on why action should not be initiated to change the company’s management.

Caltiger
MUMBAI, Sept 7 (PTI) — In a $ 15-million (over Rs 675 crore) deal, Calcutta-based Internet service provider (ISP) Caltiger has roped in Silicon Valley-based 3Com to bring in comprehensive convergence (multimedia) communication technologies to India.
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