The Financial Express -- Corporate

Sunday, August 24 1997

Birla 3M to invest $50 mn in five years

Birla 3M, the joint venture between the Birlas and Minnesota-based $14 billion 3M Corporation, is planning to invest around $50 million in the next five years. The investment will be made in setting up manufacturing facilities and enhancing the product base in the country.

IOC rules out deferring projects due to oil pool deficit

No project undertaken by Indian Oil Corporation (IOC) has been put on hold due to the resource crunch caused by the spiralling oil pool deficit. IOC is being compelled to borrow from the international and domestic FIs for the investments in infrastructure development which otherwise could have been mobilised through internal accruals.

Vysya Bank, leasing arm to merge next month

The merger between Vysya Bank and its housing finance subsidiary Vysya Bank Housing Finance has been put on hold, while its leasing arm Vysya Bank Leasing will be merged with the bank by next month.

Tractebel sets up fully-owned arm for Saarc business

CSL bags repair work of ONGC drilling vessel

Jet Airways to expand fleet

TVS goodwill bails out Harita Finance

Deccan Aviation to start charter air services in Karnataka

CCFI clears Mitsubishi PTA project at Haldia

Corporate Briefing -- ONGC to accelerate deep-sea drilling

Bharat Forge targets exports for growth

Citicorp Information Technology set to unveil corporate bank

JCI yet to receive Rs 33 cr credit from State Bank

Asian Paints yet to approach Centre on stake imbroglio

Irani rules out Tinplate-Tisco merger