The Financial Express -- News

Sunday, May 25 1997

ABB picks up 51 per cent in Mumbai firm

Asea Brown Boveri (ABB) has acquired a 51% equity stake in Mumbai-based Lenzohm Electrical Engineering with the aim of enhancing its ``service'' profile in the country. The new company will be called ABB Lenzohm Service.

Infrastructure Bond Issue

Ninth plan accent on self-reliance: Dandavate

The Ninth plan gives emphasis on self-reliance to build a modern India that assures all round development, according to the planning commission deputy chairman Madhu Dandavate. The plan also gives more emphasis on distributing justice by taking ground realities, Dandavate said adding that the plan was drawn up after studying views and suggestions of various sections from the grass root level.

JT Mobiles mulls $200m American Depositary float

Close on the heels of BPL Cellular's American Depositary Receipts (ADR) issue, JT Mobiles is planning a $200-million ADR issue. JT Mobiles is one of the cellular operators for Karnataka and Andhra Pradesh circles. BPL Cellular Holdings Ltd has finally completed a $100-million ADR issue last week, the first by any Indian corporate.

SEBI lists 120 errant merchant bankers list

Gujral decries selective media leaks