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Gold downMUMBAI: Silver and gold failed to maintain their firm trend on the bullion market on Saturday and fell sharply following weak gl...

Gold down

MUMBAI: Silver and gold failed to maintain their firm trend on the bullion market on Saturday and fell sharply following weak global advices. Ready silver .999 resumed weak at Rs 7855 and fell further to end at Rs 7840, showing a big fall of Rs 100 over the last close of Rs 7940. Raw silver .916 fineness fell by Rs 90 to Rs 7730 as against Rs 7820. Standard gold, however, started steady, but closed at Rs 4100, showing a fresh fall of Rs 20 over the last close of Rs 4120. 22-carat gold was quoted weak at Rs 3790 and ten-tola gold bar declined to Rs 48,100 from Rs 48,300.

Compudyne

MUMBAI: Compudyne Winfosya Ltd, based in Bangalore is offering 19.20 lakh equity share of Rs 10 each at par aggregating Rs 192 lakh on June 28, 1999 to part-finance its expansion project costing about Rs 499 lakh. The company is engaged in customised software development and services system integration, networking, consultancy, multimedia imaging and individual and corporate training. The companyis an existing profit-making firm with 100 per cent EOU status presently planning for an expansion into diversified services.

Compaq India

MUMBAI: Compaq India has announced a marketing alliance with Satyam Infoway to provide Compaq Presario customers free internet access via SatyamOnline, India8217;s first private internet serivce provider, starting June 25. Every Compaq PC will come bundled with internet access software allowing users 10 hours of free net access.

Pipeline Engg

MUMBAI: Pipeline Engineering GmbH, a company of the Ruhrgas AG Group, Germany, one of the world8217;s largest natural gas import and distribution companies, has set up its India branch office to meet the growing needs of Hydrocarbon pipeline infrastructure in India. PLE is a worldwide engineering and contracting organisation, operating from Essen, Germany and from a subsidiary and associate companies located in over ten countries in the USA, Latin America, Far East, Middle East and Europe.

HutchisonMax

MUMBAI: Hutchison Max Telecom Ltd has tested automatic roaming with a leading American cellular operator Ominipoint. The Max Touch Auto Roam subscribers will be accessible on their Mumbai Max Touch number in 15 cities in the US including New York, Atlantic City, New Jersey and Philadelphia. The US cellular telephony market is the most complex one to operate in.

Ad Club chief

MUMBAI: Kaushik Roy was unanimously elected president of the Advertising Club, Bombay, at its 45th annual general meeting held recently. Kaushik Roy has taken over the stewardship of the club with an active membership of over 2000 professionals representing advertising, marketing and the media. Roy, who is head of corporate brand strategy at Philips, is responsible for marketing communication functions of Philips consumer electronics.

SBI donation

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MUMBAI: State Bank of India SBI has donated an amount of Rs 5 crore to the National Defence Fund for the welfare of valiant soldiers. Further, the officersand members of the workmen staff of SBI, through their respective federations have voluntarily contributed by encashment of a day8217;s privilege leave, a sum of Rs 6 crore to the Prime Minister8217;s Relief Fund.