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Thursday,
August 22, 2002, Chandigarh, India  
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Spice to contest HC decision
Core sector clocks 9 per cent growth
Connect unveils new tariff plan
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Coca-Cola plans tea and juices New Delhi, August 21 Soft drinks major Coca Cola India said today it was considering introducing newer beverages like tea and 100 per cent juices besides expanding its bottled-water producing capacity to meet the increasing demand.
AT&T to sell stake to AOL Time Warner
Calvin Klein rapped for perfume ad
Hyundai rolls out Viva
Hunting with mobile phones
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Chandigarh, August 21 The Bank of Punjab, ICICI and HDFC Bank, which are the primary account holders of Spice Telecom in Punjab, have received court notices during the past two days, asking them not to release any payments from the company accounts. Motorola, another equipment supplier to Spice, has already sued the company for non-payment of dues. Spice has to pay outstanding dues of Rs 225 crore to Motorola.It had approached courts in the UK and Mauritius against the promoters of the company seeking recovery of its dues. Talking to The Tribune, Mr Ashok Goyal, Executive Director, Spice Telecom, admitted that the company had received a copy of the order. However, he said,‘‘ Our advocates are examining the court order and a review petition will be filed against the decision.’’ Regarding the dispute with Siemens, he claimed, ‘‘Spice Telecom had a dispute with the Siemens over a payment of approximately Rs 250 crore. We have not made the payment and the Siemens had got a decision in its favour in the London court. However, it was not applicable in India. So the company approached the Delhi High Court, which has now issued that decision. However, we have not been informed about the decision, and it is ex parte decision. We are certainly going to challenge that decision.” Spice Telecom is a dominating player in the cellular market with over four lakh connections in Punjab and about 1,85,000 connections in Karnataka. Mr Ashok Goyal assured the customers and vendors that the company would not face any difficulty to clear the payments in time. All the payments would be made on time as the company have sufficient funds. He said, “further, we are hopeful of finding a way out soon to resolve the crisis.” |
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Core sector clocks 9 per cent growth
New Delhi, August 21 The six infrastructure industries, comprising crude oil production, petroleum refinery products, coal, electricity, cement and finished steel, began the 2002-03 fiscal with a 5 per cent growth rate, and then went to improve it to 5.3 per cent in May and 5.8 per cent in June, according to the latest data released by the Ministry of Commerce & Industry here. Riding high on good performance in all the sectors, the infrastructure growth index posted 6.6 per cent growth in the first four months of current fiscal as against 1.1 per cent growth recorded in April-July last year. The crude oil production was back in business with handsome recoveries to clock 8.5 per cent growth in July as compared to a negative 5.7 per cent growth in the year-ago month. The sector pumped 7.5 per cent growth in April-July as against a negative growth of 4.5 per cent a year ago. The production of 8.749 million tonnes petroleum products fuelled a 5.6 per cent growth in July when compared with a low 2.5 per cent growth in the same month last year. The coal sector growth rate leaped from 0.9 per cent in July, 2001, to 12.6 per cent. PTI
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Connect unveils new tariff plan Chandigarh, August 21 Under Freedom 275 plan the refundable security deposit is Rs 3,000 and activation charges is Rs 1,050 (inclusive of 5 per cent service tax) and a monthly rental is Rs 275. Under Freedom 350 refundable security deposit is Rs 1,000, activation charges Rs 1,050 (inclusive of 5 per cent service tax) and monthly rental is Rs.350. Caller Line Identification Presentation (CLIP) will be provided free of charge in both plans. According to Mr Vijay Kaul, Vice-President, to call anywhere in Punjab 95
dialling will be available on all Connect local connections without an additional security deposit. In both cases an additional security deposit of Rs.3,000 for availing STD services and Rs.5,000 for STD, ISD services will be charged Mr Vijay Kaul, further said, “We always wanted to provide tariff options to our customers realizing that no two customers have the same need. Fortunately now we can design our tariff plans to meet the communication needs of different customer segments. Now customers will have the freedom to choose from a range of attractive tariff plans. No hidden cost. No complex calculations. We are committed to provide the finest of mobile services from Connect Mobile in Punjab” The Freedom 200 Standard Tariff Plan as announced by TRAI will include a refundable security deposit of Rs 3,500, activation charges Rs 1050 (inclusive of 5 per cent service tax), monthly rental Rs 200 and Rs 99 for CLIP. The procedure for migrating to the Freedom plans for existing Connect Mobile subscribers will be announced shortly.
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Tips for success in business
New Delhi, August 21 "There's no substitute for the Sweaty Sticky Stuff," a leading corporate honcho told a marketing summit here. "If you ignore history you ignore the fact that the basic business acumen that is embedded in the Indian psyche is not lost. It needs to be rekindled and leveraged," said R. Gopalakrishnan, Executive Director of Tata Sons, the holding company of the Rs. 250 billion diversified conglomerate Tata group. He was speaking at a seminar on The Business of Marketing organised by the CII here. "Unless you go out and interact with your customer's consumers, you won't get a feel of what your end-user thinks of your product," Gopalakrishnan contended. Giving credence to his view was a theme paper at the summit: "Marketing or the creation of a profitable customer (is) the single most critical responsibility across all aspects and departments of a business. And, if we subscribe to this axiom, then marketing is business and business is marketing." The event was the third in as many years and was meant to acquaint Indian CEOs of developments worldwide and enable them adapt these to the local conditions. Managers needed to be solidly rooted in history so that they could "focus on the DNA of Indian business and leverage this for the future," Gopalakrishnan held. "India has been a premier marketer for centuries but for an aberration of the past 50 years. From the time of Mohenjodaro (2,500-2,000 B.C.), Indians had been trading with Sumaria. Vasco da Gama found Calicut to be a thriving port with Arab and Chinese traders. He pointed out that between 1835 and 1945, Indian exports were ahead of imports and the country ranked fourth in world trade. Then came the "aberration" of independent India when imports overtook exports. CII director general Tarun Das elaborated on this. "Post-independence, we were a closed economy. There was an excessively long period of protection till the liberalisation era that began in 1991 and saw annual growth climbing to seven percent from three percent," Das explained. Gopalakrishnan reminded his audience that even in an era of globalisation, "seven out of 10 Indians continue to live in the rural areas and this is a huge market that remains to be tapped. "But you must remember that there is no substitute for the sweaty, sticky stuff. You have to go out there and convert what I call the non-consumer into a consumer." Said marketing guru Shunu Sen: "Business can't exist without customers. You have to continue to create customers at a profit if you want to survive."IANS
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Coca-Cola plans tea and juices
New Delhi, August 21 “We are looking at all categories of commercial beverages. We want to bring high quality products,” Coca Cola India President Alex Von Behr told reporters here. Mr Behr, however, declined to divulge details about the future products nor gave a time frame for their launch. He said the company was confident of overtaking Bisleri and emerging as leader in the domestic bottled-water segment this year. Quoting market research firm ORG-MARG data, he said Coca Cola’s water brand ‘Kinley’ currently had a 33 per cent market share as compared to market leader ‘Bisleri’ which commanded a 36 per cent share. Predicting a double-digit growth of domestic water market, Mr Behr said both Coca Cola and its co-packers would be investing in expanding bottling capacities as it was currently working at full capacity. This year, the company expects to produce about 30 million unit cases of bottled water, he said adding that it was also looking at increasing the number of bottling plants from the current 10. PTI
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AT&T to sell stake to AOL Time Warner New York, August 21 AT&T has also agreed to give AOL's Internet service access to its cable networks, giving the beleaguered Internet and media giant a much-needed pipeline for its high-speed service. The complex agreement ends more than eight years of negotiations, which languished amid disagreements over price, the venture's complex mix of businesses, and the two partners' own financial constraints. Under the deal, AT&T will receive $2.1 billion in cash and $1.5 billion in AOL common stock in exchange for its 27.6 per cent stake in TWE, which includes the Warner Bros. film studio, Home Box Office cable network and most of Time Warner Cable. AT&T also will get a 21 per cent stake in a cable TV business, Time Warner Cable, that AOL plans to take public. AT&T has said the deal will help it cut its debt load and strengthen its balance sheet as it prepares to sell its cable TV business, AT&T Broadband, to Comcast Corp. later this year. Reuters
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Calvin Klein rapped for perfume ad
London, August 21 The Advertising Standards Authority said on Wednesday it had received dozens of complaints about the poster, which showed the couple naked from the waist up kissing open-mouthed. The man had one hand holding a bottle of perfume which partly obscured the woman's breasts, while his other hand was inside the waistband of her trousers. Calvin Klein said the poster, which is no longer appearing, was not explicit and had been "tastefully photographed". It argued the ad "reflected the glamour, beauty and sensuality of the Calvin Klein brand", according to a statement on the ASA Website. But the ASA ruled the poster was likely to cause serious or widespread offence and was unsuitable to be seen by children. It warned Calvin Klein not to use similar images again. Reuters
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Hyundai rolls out Viva Chandigarh, August 21 Mr B.V.R. Subbu, President, Hyundai Motor India Limited said, “Hyundai believes that the Indian customer expects and deserves the best and we have always brought the latest and technologically by the most advanced products to India, starting with the global launch of Santro to the sixth generation Sonata. Viva is our newest offering for the constantly evolving and discerning Indian customer.” Targeted at the young and the young at heart, Viva would be positioned under the Accent umbrella brand. |
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Siemens to cut 1,300 more jobs
Munich, August 21 Only the day before, Siemens had said it was planning additional job cuts in the ICN division, but it had not provided a concrete number.
AFP |
Hunting with mobile phones Helsinki A dog’s bark will help determine what sort of animal it has tracked from hundreds, if not thousands of
kilometres way, and hunters will be able to give orders on the two-way mobile system.
AP
Indian traders’ accounts frozen Dhaka The National Board of Revenue (NBR) yesterday asked the managing directors of 37 commercial banks to identify and freeze the accounts of Mr Agarwal, The Daily Star reported today.
UNI
India ranked 6th in FDI New
Delhi
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bb
SBP meet Central schemes Panipat plant CanIncome plan Wal-mart in India SAP India HPL stake Oil prices up
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