Bizbits

CRM from OracleMumbai: Database vendor Oracle Corporation on Monday launched the first end-to-end Customer Relationship Management CRM ...

CRM from Oracle
Mumbai: Database vendor Oracle Corporation on Monday launched the first end-to-end Customer Relationship Management CRM application in India. The solution helps a company to effectively grow its business by maintaining profitable customer relationships by leveraging channels like the web and direct sales force.

Announcing the launch, T K Srinivasan, director sales, Oracle Software India Limited said the product was targeted at service-intensive market segments such as financial services, telecom, power and engineering. quot;We estimate that customer relationship management-related professional services marketplace worldwide will be worth US 7 billion by 2000,quot; added K S Suresh, divisional manager 8211; CRM Solutions. He said the CRM would help in customer-responsive enterprises with completely integrated, flexible and reliable solutions. Quoting a study, he said five per cent customer loyalty had been found to translate into 60 per cent to 70 per cent growth inbusiness.

Byke expansion
Mumbai: The Byke, has undertaken an ambitious expansion plan at its Matheran hotel project which entails an international style opulent glass house. The two storied glass house will be adjacent to the hotel8217;s existing 48 cottages which have been developed amidst seven acres of greenery and salubrious surroundings.

Global Housing
Mumbai: Global Housing Finance Corporation Limited GHFCL, one of the housing finance companies HFCs which charge interest on reducing balance method, has further reduced its interest rates on housing loans. The rate of interest on housing loans upto Rs 5 lakh has been reduced to 14.50 per annum and on loans above Rs 5 lakh but below 10 lakh has been reduced to 15.50 per annum. Loans from GHFC are found to be attractive because of the company8217;s policy of charging interest on loans on a reducing balance method which reduces the effective cost to the borrower as the outstanding loan balance reduces with everyinstallment.

Deepak Pens
Mumbai: Deepak Pens Pvt Ltd, manufacturers of the famed ADD8217; brand of writing instruments and school stationery products, has launched the high utility ADD Twin Writer series. The ADD Twin Writer series comprising Fine Line Writer, Permanent Marker and Fluorescent Line Market which offer two distinct high quality Japanese tips in each pen. Similar two-end tip pens are latest development and extremely popular internationally.

Sun Microsys
Mumbai: Sun Microsystems India Pvt Ltd and Godrej Pacific Technology Ltd GPTL today announced their joint plans to introduce Sun8217;s leading Network Computing technologies to the growing Small amp; Medium enterprise segment. the tie-up is part of Sun8217;s long term strategy to expand the market amp; increase volumes. 8220;The Internet has changed the landscape of how companies will do business now and in the future. With greater dispersion in the marketplace, there is a need to take enterprise class RAS all the way down to theindividual workgroups. GPTL8217;s reach with over 3000 resellers across the country, inventory control and targeted sales resources make it an ideal choice for Sun to help DOT.COM these enterprises,8221; said Bhaskar Pramanik, MD, Sun Microsystems India Private Ltd.

Santro sales
Mumbai: Hundai Motor India8217;s deliveries of the Santro crossed 20,000 units within a span of six months, aggregating 20,241 units till date. Hyundai had closed the financial year 1998-99 by notching sales of 17,647 units. Santro has doubled its sales in March this year with 4290 units sold.