Month: January 2009

The Tata Group-promoted energy entity Tata Power Company (TPC) has sought legal recourse against Reliance Power, which has been permitted by the government to divert coal from the captive mines of Sasan Ultra Mega Power Project (UMPP) for use in other projects. The former has filed a petition in the Delhi High Court claiming that … Read more Tata Power seeks legal recourse against Reliance Power

The government is contemplating linking retail fuel prices to the crude prices in international markets, which will essentially mean that within certain limits fuel prices will be able to freely fluctuate with crude prices. The information was given by deputy chairman of the Planning Commission M S Ahluwalia. One of the immediate impacts of the … Read more Retail fuel prices may be linked to international crude prices

ICICI Prudential Life Insurance has launched a new health-savings product offering tax benefits on the entire premium paid. The product named Health Saver will help consumers meet their current healthcare expenses and invest for the future needs, enabling them to cope up with the ever rising cost in healthcare segment. The product allows claims against … Read more ICICI Prudential launches health-saving product

Software Technology Group International Ltd (STG) has informed FreePress regarding a its initiative to Expand Global Talent Assessment Practices in India. PSI Services LLC, a well-respected Talent Assessment firm, has announced a new contract with STG, a technology driven company, providing world class software consulting and training solutions to organizations, to expand its global talent … Read more STG – PSI to Expand Global Talent Assessment Practices in India

Private sector banking major, ICICI Bank, has signed a pact with BSNL Cell One to enable the latter’s customers to pay their bills through the bank’s website. As per an agreement, the customers will be able to pay from their bank accounts or credit cards, can view online electronic summary of their bills and get … Read more ICICI Bank pact with BSNL for Bill Pay

Major auto component maker, Anand Automotive Systems, has formed a joint venture with Japan-based Takata Corporation to manufacture airbags, seat belts and steering wheels in India for the domestic original equipment manufacturers (OEM). The two firms have formed a joint venture (JV) firm — Takata India Private (TIPL). It is presently setting up a unit … Read more Anand Automotive JV with Takata Corporation