The Financial Express -- Corporate

Friday, August 1 1997

Sun to spin off MJ Pharma's Halol unit

Sun Pharmaceuticals has initiated a move to restructure the recently acquired MJ Pharmaceuticals by spinning off the company's Halol formulation facility into a separate entity. The board has authorised a preliminary study on the feasibility of the proposal.

Tata Steel Q1 sales up 10%, may shift cold-rolling mill

Tata Steel chairman Ratan Tata anounced that in the first quarter of the current financial year, the company's sales in volume terms have gone up by 10%, while total income increased 11% compared with a year ago. He added that Tisco would consider relocating the planned 1.2 million cold-rolling mill project from Gopalpur, Orissa, to Jamshedpur in Bihar.

Kinetic Transportation targets Rs 20 cr sales

Kinetic Transportation Products (KTPL), the joint venture between Kinetic Engineering (KEL) and Hyundai Corporation, plans to go public by 1999-2000. The company has targetted a Rs 20-crore turnover for the current year, doubling each year, to reach Rs 80 crore by 1999-2000.

ONGC, Bharat Petroleum plan hinges on cost factor

Corporates allowed to tap foreign funds via preference shares

No looking back

No decision yet on stake in Bina refinery

Clariant sales up 19% to Rs 52 crore

Ambala scientific goods industry in the red

SWC uncorks jumbo brand strategy in recast drive

Daimler profits more than double in H1

Audi close to deal with Sai group

Corporate Briefing -- Godrej Foods to pay Rs 2.30 a share

ClubCorp seeks centre nod to set up wholly-owned subsidiary

Sandoz-Ciba share swap by to be reviewed by new valuer: HC