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Abhyudaya BankMUMBAI: Abhyudaya Co-operative Bank, one of the leading banks in India, has achieved a landmark deposit level of over Rs 10...

Abhyudaya Bank

MUMBAI: Abhyudaya Co-operative Bank, one of the leading banks in India, has achieved a landmark deposit level of over Rs 1000 crore. The bank managing director M S Chavan stated that the capital base of the bank stands at Rs 12.55 crore and reserves at Rs 180 crore. The bank has 83,500 members and more than 11 lakh depositors. The deposit has seen a tremendous growth, crossing the Rs 1000 crore mark as on August 8, 1999 from Rs 948 crore as at the end of the financial year 1998-99.

Gifts 99 expo

MUMBAI: Deena Mehta, vice president of the Bombay Stock Exchange BSE, urged the Rs 500 crore corporate gift industry to promote only high quality products through trade fairs and exhibitions. Inaugurating the five-day trade fair on corporate gifts in Mumbai, she stated that all the company products being offered through trade fairs should be catogerised as per qualitative factors.

Computer fair

MUMBAI: As many as 36 international brands willconverage under the aegis of Computer Fair 99, which begins at Suvarna Sadan, Linking Road, Khar from August 12 to 24, 1999. Promoted by Hemjay Technology amp; Marketing Services, Computer Fair 99 will have on display several products by leading computer companies.

MRO-TEK tie-up

MUMBAI: Bangalore-based MRO-TEK has entered into a strategic alliance with Cobalt Networks Inc USA as Master Distributors to market, distribute and provide support for Cobalt products In India.

Essae Tech

MUMBAI: Bangalore-based Essae Technologys has launched a new range of bar code printers quot;Stripe S400quot; and quot;Z4000quot; manufactured by Zebra Technologies Corporation, USA. Essae Technologys has a strategic marketing and technical tie-up, representing Zebra for their entire range of products in India. Zebra is one of the world8217;s leading manufacturers of bar code label printing systems, with revenues exceeding 336 million.

AirLanka

MUMBAI: AirLanka has switched over the mostsophisticated and advanced airline reservations system in the world 8211; the Mercator Airline Reservations system MARS. MARS was developed by Atraxis, the IT subsidiary of Swissair and marketed in a joint venture with Mercator, the information technology subsidiary of the Dubai-based Emirates Group. MARS replaces AirLanka8217;s current reservations system.Sabre.

New Ariel

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MUMBAI: Procter amp; Gamble Home Products Ltd has launched a New Ariel Power Compact detergent, which claims to eliminate the use of a bar in washing clothes. The new Ariel power compact will replace its existing Ariel brand, according to Sumeet Vohra, brand manager of Procter amp; Gamble Home, said a press release.

Mudra chief

MUMBAI: The chairman and managing director of Mudra Communications A G Krishnamurthy has been presented the prestigious AAAI-Premnarayen Award for his outstanding contribution to the Indian advertising industry. The award is in recognition of his pioneering spirit and entrepreneurial visionas the founder and leader of Mudra, a pre-eminent Indian agency.