The Financial Express -- News

Tuesday, June 3 1997

Telco to pick up 7% stake in Bridgestone-ACC

The Tata Engineering & Locomotive Co (Telco) will pick up a 7.2% stake and ACC Ltd 18.8% in the revised equity structure of Bridgestone-ACC, paving the way for a fresh round of speculation on whether the cement major is actually out of the Tata fold.

Infrastructure Bond Issue

Maharashtra sets up cell to evaluate FDI proposals

The Maharashtra government has set up a foreign investment cell in the chief minister's office to monitor and follow up various foreign investment proposals. Chief Minister Manohar Joshi stated that the move was in response to the suggestions made by several foreign investors and NRIs during his recent visit to China, Singapore, Hong Kong, Malaysia and Japan.

Panel set up to rework Arochem project cost estimate

A sub-committee comprising two officials each of Spic and MRL has been constituted to work out the details of reappraisal and cost re-estimation of the beleaguered Arochem project.

Rs 3.8-cr net outflowin UTI MMMF

Chennai port watches Rs 500 cr customs cargo sail away