CORP BANK HOMES TO FOCUS ON NON-METROS

Article Abstract:

Corp Bank Homes Limited (CBHL) plans to focus its activities in growing non metro cities. CBHL has an equity of Rs10 crore and it has an authorised capital of Rs25 crore. It is the housing finance subsidiary of Corporation Bank. It plans to get 70 percent of its business from individuals, 25 percent from financial institutions and 5 percent from builders and developers. It has drawn a plan to post a business turnover of Rs17,000 crore during 1998-99 and earn a net profit of Rs210 crore. (rk)

Comment:

Plans to focus activities in growing non metro cities & has an equity of Rs10 crore & it has authorized capital of Rs25 crore

Mortgage Bankers, Real Estate Credit, Mortgage banks, Article, Corp Bank Homes Ltd.

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METROS TO AVAIL OF CHOIS SERVICE SOON

Article Abstract:

Chois Technology (Cable-TV based Home and Office Interactive Services) will soon be introduced in major Indian metros. Innomedia Technologies, the developers of Chois, will launch the service in Chennai, Mumbai and Pune in 2-3 months and in other metros by the end of 1999. Customers will receive Chois interactive content, transmitted through cable operators, through the Chois pad - an Rs6,000 instrument that has to be installed at the premises. (khr)

Services introduction, Chois Technology

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ALEX KURUVILLA TAKES OVER AS MTV MD

Article Abstract:

Mr Alex Kuruvilla has been appointed as the new managing director of MTV India. Mr Alex Kuruvilla will assume duties from April 1, 1999. He is replacing Mr Sunil Lulla, the former general manager of MTV India. Mr Kuruvilla will directly report to Mr Frank Brown, president of MTV Asia. (gs)(vr)

Executive changes & profiles, MTV Networks Inc.

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