The Financial Express -- Corporate

Friday, November 14 1997

Lakshmi Machine Works net dips 28% to Rs 16 crore

Textile-machinery major Lakshmi Machine Works (LMW) Ltd and group company Textool Company Ltd (Textool) have reported low sales turnover for the first half of the current year and a reduction in production levels. Lakshmi Machine Works used 55% of its capacity, while Textool employed 60%, compared with the average 65% and 85% respectively for the last full-year.

Reliance Petroleum in talks with oil firms for marketing pact

Reliance Petroleum Ltd (RPL) is negotiating with domestic oil companies for marketing some of its products. Product-integration with different group companies will ensure an offtake of around 30% of the 15-million- tonne refinery capacity. This leaves about 10-11 million tonnes of capacity which the company has to tie up with oil public sector units for marketing.

Lever files citations on insider-trading charges

Hindustan Lever has filed all its citations to the Securities & Exchange Board of India (SEBI) related to the insider trading case. SEBI's verdict is now awaited. It is believed that SEBI will take some time to process the Lever reply. According to Lever sources, the citations were submitted right after the time extension HLL had sought from the regulator.

Mahanagar Telephone Nigam issue to go ahead; float size pruned

HLL girds up loins, fires fresh salvo in war against Colgate

Tanfac turnover dips 5% to Rs 26 crore in first half

MMRDA unlikely to renegotiate with Indian Hotels on Bandra-Kurla project

Prudential Capital faces a run on its deposits

Dr Reddy's Labs to focus on formulations

Indian chairman for ICMCI

The Index -- Concor

Corporate Briefing -- Eastman Kodak, Sun Chemical form venture

Kothari Bluechip hikes cash weightage

Marketplace Briefing -- Cadbury unveils new chocolate bar

WPP Group to hold board meeting in Delhi today