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Gold, silver prices downMUMBAI: The precious metals, silver and gold, declined sharply on the bullion market on Saturday in line with sub...

Gold, silver prices down

MUMBAI: The precious metals, silver and gold, declined sharply on the bullion market on Saturday in line with subdued trend in the international markets. The local demand was also poor, dealers said. Ready silver .999 fineness and tenderable silver fell by Rs 60 each to close at Rs 7895 and Rs 7900 from Rs 7955 and Rs 7960 respectively. Raw silver .916 fineness declined by Rs 45 to Rs 7770 from Rs 7815. Standard gold dropped sharply by Rs 20 and finished at Rs 4380 as against the last close of Rs 4400. Also 22-carat gold was quoted weak at Rs 4050 from the previous level of Rs 4070 and ten-tola gold bar .999 purity lost Rs 100 at Rs 51,600 from Rs 51,700.

Atco Healthcare

MUMBAI: ATCO Healthcare Ltd AHCL has set up a state-of-the-art plant at Ghatkopar, Mumbai, to produce bottled water. The plant has a nine-state process, including re-mineralisation, to finally attain the status of Brilliant wholesome water8217;. Besides, it manufactures foodgradepolycarbonate and PET bottles to deliver safe wholesome water. 8220;Atco is India8217;s first bottled water company to receive the ISO 9001 certification,8221; said a release.

AHCL is also constantly involved in developing and expanding its distribution network and delivery systems. This will ensure an uninterrupted supply of healthy wholesome water to its customers, be it individuals, households or institutions. For the present AHCL is expected to market quot;Brilliant Wholesome Waterquot; as also pioneer other variants of clean, pure sparkling water in the West and North Zones. With its 18 plants and a dominant presence across the country, AHCL plans to make quot;Brilliantquot; a national brand.

Cyber Compusoft

MUMBAI: Cyber Compusoft Education Pvt Ltd, a newly formed company has taken the sole franchise right of Futurekids Inc USA intially for the Mumbai region. Futurekids is the world leader in computer education with operations in over 75 countries and provides computer literacy training in over 2000 locations.Futurekids pioneered the concept of quot;computer literacy for childrenquot; in 1983 and went on to grow into a very large worldwide organization. It has trained more than two million students since 1983 and trains more than 100,000 students annually.

Cyber Compusoft set up with an initial capital of Rs one crore and with the motto of imparting computer literacy for children, plans to set up learning centres in the metropolis to cater to children in the age group of 3-16 years of age. The first learning centre is proposed to be set up in the Malabar Hill/Cumballa Hill area and will begin functioning from June of this year. The chairman of the Rs 500 crore DCW group Shashi Chand Jain will be the promoter of the company.

Wintech Compu

MUMBAI: Wintech Computers, the pioneers and leaders in internet based technology, will be launching its E-commerce division, wintechbargains.com making it India8217;s first web based supermarket chain, in April 1999. This electronic super-market will be setting up outlets atconvenient localities all around Mumbai, where consumers can walk in to avail of the facilities and ease of on-line shopping. Mumbai will be the first city in India where these outlets will be set up. Subsequently they will be opened in other cities as well.

Forex reserves

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MUMBAI: The foreign exchange reserves of the country rose to 30.844 billion on March 5 from 30.756 billion in the previous week, the Reserve Bank of India RBI said in its weekly statistical supplement on Saturday. The Government reduced its dependence on ways and means advances by Rs 570 crore to Rs 4,030 crore during the week-ended February 26.

Wipro8217;s new tie-up

Bangalore- Wipro Infotech8217;s enterprise resources planning ERP division has tied up with Siebel Systems Inc, USA, to offer enterprise relationship management ERM systems. Wipro would offer ERM services in sales, marketing and customer sector in India and abroad.