AT a seminar on Trade and Cash Management, Standard Chartered Bank has announced the re-launch of its refurbished branch here. OMO to check `excess enthusiasm'THE open market operations (OMO) started by the Reserve Bank of India on Tuesday will address the problem of liquidity and curb the ``excess enthusiasm'' of some players in the money market, the RBI Deputy Governor, Mr. Y. V. Reddy, said today.
UNION Bank of India is working on a two-phase computerisation programme to link its branches and administrative offices. In the first phase, the bank has set up local area networks at 53 administrative offices. The Department of Telecom Services has appr oved the bank's linking of its administrative offices and 200 branches using 64 Kbps fibre optic lease lines in the second phase. Another 400 branches are to be covered by the wide area network by June 2000.
THE Board for Industrial and Financial Reconstruction (BIFR) has turned down the request of the Government of Orissa for closing down the unit of Idcol Piping and Engg. Works Ltd by paying off the workers. BLUE Chip Solutions Pvt. Ltd, a software company, acting in concert with Mr. D. Krishna Srinu, a management consultant, has acquired 22.72 lakh fully paid-up equity shares of Rs. 10 of Victory Films Ltd (VFL) which is struggling to set up facilities for the production of television software and pre-recorded audio cassettes.
THE employees of Asian Bearing Ltd (ABL) have declared a strike since Tuesday morning demanding a hike in wages, according to company officials, TATA Cellular, the cellular operator in Andhra Pradesh, has launched a new facility called email@tatacell.net, which enables a Tata Cellular user to send and receive messages on their cell phones to and from any Internet site.
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