News in Brief

By : |February 26, 2001 0

Wipro takes over G & B’s EDM division
HYDERABAD: Wipro ePeripherals has announced that it had signed an agreement to
take over the Electronic Design and manufacturing division of Godrej and Boyce,
which is situated in Hyderabad. This agreement would enable Wipro ePeripherals
to achieve its objective of expanding into international markets and
consolidating its leadership in Indian markets. “Apart from the expansion
into the international markets, the merger of EDM is an addition to our R&D
and manufacturing capabilities. We shall build upon the existing international
market of EDM in Japan, Germany and other European countries,” said
Managing Director Wipro ePeripherals, Ram N Agarwal. – -CNS

First Internet business center in a Rly station
NEW DELHI: DishnetDSL, an Indian Broadband player, has launched the first ever
Internet business center in a railway station at the Chennai Central Railway
Station. The center has 27 high speed Pentium III Dell computers with high tech
LCD flat screen monitors. The center will run on a 2 Mb leased line connection
and will have a back up of 64 Kbps ISDN line. The center, which will be
operational 24 hours a day, was completed in a record time of one month. – CNS

IL&FS Venture invest $1.5 m. in Calleo
NEW DELHI: Calleo Consolidated Technologies has announced an investment of $1.5
million by IL & FS Venture Corporation in their company. The strategic investment will give Calleo an opportunity to expand its workforce in keeping with the growing demands of the market and also open overseas branches. Commenting on the investment, Calleo Consolidated Technologies chairman Pradeep Mathur, said “With IVC as a partner, we expect to grow and have a target work force of 1,000 professionals in three years.” Calleo Consolidated Technologies is an e-commerce focused services company with a number of offshore projects. — CNS

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Nihar Infoway takes 51% stake in US firm
HYDERABAD: Nihar Infoway, a Hyderabad based company has taken a 51% stake in US
based company Winquest Consultants, a company with a turnover of $1.7 million
for the year 2000. The acquisition will be an all-stock deal. The Hyderabad
based company has acquired 51 per cent stake by offering three lakh shares at Rs
30 per share, valued by Price Waterhouse coppers as chartered accountants. The
company is also planning to expand its operations in Europe and West Asia. The
company has already received an approval for setting up the Dubai subsidiary in
Dubai Internet city. Apart from this we are also planning to set up our
subsidiaries in Germany as well as London and they will be operational in the
following two months time. – Zia Askari, CNS

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