Mumbai, August 23: Here is the compiled versions of Indian news paper headlines covering corporate and economy as on today.

>> Dish TV is set to launch Conditional Access Module (CAM), a device that will enable

consumers with set-top boxes of other DTH service providers to switch to Dish TV’s feed of television channels. (ET)

>> Religare Finvest plans to increase its loan portfolio to Rs 140bn by the end of the current fiscal, betting big on the small and medium enterprises (SME) sector. (ET)

>> The downturn in global markets has taken a toll on Essar Oil’s plans to raise US$1.5bn in foreign currency loans to finance its expansion plans and forced the company to look for options in a difficult environment. (ET)

>> Japan’s JFE Corp is planning to increase its  shareholding in the JSW Steel to meet

corporate norms. (ET)
>> FMCG majors Wipro, Godrej and Dabur may participate in an auction process initiated by global consumer healthcare giant Reckitt Benckiser for the sale of its personal care products division in India, which it acquired as part of the acquisition of Paras Pharma last year. (ET)

>> Sanofi-Aventis is in advanced talks for a strategic tie-up with nutraceuticals firm

Universal Medicare, maker of popular codliver oil capsules brand Seacod, which will help the French drugmaker scale up its over-the-counter (OTC) business in India. (ET)

>> Coal India Unions have demanded a 100% jump in their salaries-a demand that would put the state-run entity under a severe strain. (ET)

>> GVK Power and Infrastructure will become the largest shareholder in Bangalore

International Airport (BIAL) after agreeing to bite the bullet and pay a premium in difficult market conditions to buy Siemens’ 14% stake. (ET)

>> The Satyam ghost continues to haunt Mahindra Satyam. The Income-Tax Department has asked the new management to pay Rs 21.14bn for the assessment years 2002-03 and 2007-08 when Mr B. Ramalinga Raju, the founder Chairman of Satyam Computer Services, allegedly perpetrated the financial fraud. (BL)

>> Brigade Hospitality Services, the hospitality arm of real estate developer Brigade Group, is looking at entering the mid-range hospitality segment in the South. (BL)

>> Mahindra Satyam has opened a near shore delivery centre in Eindhoven (Netherlands), with an aim to strengthening its presence in the Benelux region. (BL)

>> JSW Ispat Ltd has completed the Rs 6obn debt refinancing deal. the new average interest rate for the refinance is 11.75 % lower than the earlier rates. (BS)

>> Aditya Birla Minacs is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium. (BS)

>> Nagarjuna Oil Corporation Limited (NOCL) is aiming to ready its petroleum refinery

project in northeastern Tamil Nadu by this year-end, with an additional investment of Rs

120bn. (BS)

>> Suzlon Energy Limited (SEL), announced that it has won a repeat order from the Malpani Group to set up, operate and maintain projects totalling 29.70 mega watt. (BS)

>> The Tamil Nadu Newsprint and Papers Limited is planning to invest over Rs3.7bn

during the present fiscal. The proposed investments include setting up a cement

manufacturing facility, de-inking plant amongothers. (BS)

>> Ford and Toyota announced plans to jointly develop a new hybrid system for light trucks and sport utility vehicles. (ET)

>> India plans to allow more foreign carriers under an upcoming policy to keep pace with rising demand for international travel that domestic airlines are unable to service. (ET)

>> India can achieve 9.5% average economic growth in the 12th Five Year Plan, provided steps are taken to push agriculture growth rate

to 4.2% and manufacturing to 11.5%. (ET)

>> Prime Minister Manmohan Singh said the central government was open to a “reasoned debate” for resolving differences on the Lok Pal bill. And, maintained such an institution was not the sole solution for eliminating corruption. (BS)

>> The Confederation of Indian Industry (CII) has asked the ministry of petroleum and natural gas to withdraw price preference policy for domestic companies and ensure a “level playing field” among all categories of bidders. (BS)

Hyderabad, December 16th 2009: Meru Cabs, India’s favourite and largest radio cab service provider, has implemented Enterprise Resource Planning) system (ERP) throughout the organisation. Meru Cabs has deployed around 3800 cars in Mumbai, Delhi, Bangalore and Hyderabad within 30 months of commencement of operations. As Meru Cabs grows and processes mature, there comes a need to automate various tasks, have real-time information available and take decisions based on data. Commenting on this development, newly appointed CEO, Mr Rajesh Puri said, “I am excited about strengthening and combining all systems together into a single, integrated software program that runs off a single back end system so that the various departments can more easily share information and communicate with each other. Standardizing those processes and using a single, integrated system will help us increase productivity and improve service levels. We have partnered with Oracle & Accenture in this endeavour.” “Meru Cabs has always been an innovator in Radio Cab Service business in India, and we are proud to be the only cab service company in the world to implement ERP systems in our organisation. Implementing ERP systems shall have tremendous payback for Meru Cabs and will help us to grow even faster” he added. As Meru Cab tries to understand the company’s overall performance, ERP systems will help to assess its own set of revenue numbers, sales of the firm, and the different business units may each have their own version of how much they contributed to revenues.

Mumbai, May 20th, 2009: Axis Bank; India’s third largest private sector bank, today entered into a strategic alliance with Motilal Oswal Securities Ltd (MOSL), one of India’s largest financial services intermediaries, to facilitate online trading for the Bank’s ten million customers.
A Memorandum of Understanding (MoU) to this effect was signed by Mrs. Sonu Bhasin, President Retail Financial Services, Axis Bank and Mr. Motilal Oswal, CMD, Motilal Oswal Financial Services Ltd.
Following this tie-up, Axis Bank customers now have the additional option of making investments in equities, derivatives and Initial Public Offerings (IPOs), using the online trading platform of MOSL.
Axis Bank customers who have a Savings as well a Demat account with the Bank, can open a Trading Account with Motilal Oswal and enjoy the convenience of investing in financial products from the comfort of their home, office, while on the move or from any other location of their choice by just accessing the Axis Bank website and clicking on the link to MOSL provided on the homepage.