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ZF Steering Gear declares interim dividend of Rs 8 per equity

Mumbai, Mar 13 (UNI) ZF Steering Gear India Ltd has informed the BSE that its Board of Directors has decided to declare an interim dividend of Rs 8 per equity share (80 per cent) for the financial year 2006-07 to the Equity Shareholders holding shares on March 21, 2007.

It was decided in a meeting held today.

UNI

Havell's to buy out SLI Sylvania's lighting biz for $300 mln

New Delhi, Mar 13 (UNI) Havell's India Ltd today said its Neitherlands-based subsidiary will acquire SLI Sylvania's lighting business for 300 million dollars in cash. This take over by Havell's Neitherlands BV is expected to be financed with non-recourse debt facilities of 160 million dollars and recourse facilties of 105 million dollars by way of loan/equity through Havell's subsidiaries granted by the company. Havell's India Chairman and Managing Director (CMD) Qimat Rai Gupta told reporters while signing an agreement with SLI.....

VSNL-Microsoft to launch biz msging and collaboration services

New Delhi, Mar 13 (UNI) Videsh Sanchar Nigam Ltd (VSNL) and Microsoft will jointly launch ReadyAccess Business Messaging and Collaboration Services, as part of the first joint market development initiative for Microsoft India. Targeted towards the rapidly growing small and medium enterprise (SME) market in India, this service provides secure, enterprise grade messaging capabilities with quick and easy deployment on a pay per use basis, without the need for high up-front capital investments. The company's Vice-President (Managed Services) Abid Qadiri.....

Brakes Auto to pump in Rs 100cr for HMV, LMV parts

New Delhi, Mar 13 (UNI) Brakes Auto India Ltd will invest Rs 100 crore in its new venture in Chennai and Kolkata to manufacture heavy vehicle and light vehicle parts. The company's Managing Director S Suresh Sharma said Brakes Auto will manufacture automobile, locomotive, aerospace and maritime components at the new facilities. ''The company also plans to manufacture specific items used in defence mechanism and locomotives, wagons and engine parts,'' he said in a statement. UNI.....
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