The Financial Express -- Corporate

Friday, May 23 1997

Yokogawa Bluestar in focus

The spate of foreign partners resorting to taking management stakes in their Indian joint ventures is a phenomenon that will accelerate. For the moment, the Japanese seem to be on an investment binge increasing their stakes in their Indian joint ventures in the very recent past.

Infrastructure Bond Issue

Spartek to peddle $19m FCDs to US firm

Spartek has firmed up with Schoeflein Investment Co and its associate companies in New York to bring in funds to overcome its liquidity problems. This is to be done through its offshore subsidiary floated by its parent company, Sparta Holdings, in Mauritius.

HPCL to settle Oman Oil dues before roping in ally for west coast plan

Hindustan Petroleum Corporation (HPCL) will kick off the exercise of finalising a foreign partner for its west coast project only after settling dues with the Oman Oil Company (OOC). The six-million-tonne refinery is scheduled to be commissioned in Deogarh, Maharashtra, at an estimated cost of Rs 5,500 crore.

Bail order on Abhyudaya Bank chief reserved

JK Ind plans pharma unit hive-off to drugs arm

AP state corporation bid to seize CRB assets

Qantas plans interactive services

BoB net profit seen to grow 44 per cent

EID Parry sales up to Rs 761 cr

CORPORATE BRIEFS

Sun F&C Value Fund to open today

Modi Telstra to invest Rs 20 crore to upgrade service

Thermax joins hands with Culligan

CEA amends thermal power guidelines

Pharmaceutical industry to maintain 18 % growth