Tuesday, October 6, 1998
Mafatlals Industries leases out part Mumbai property to Cushman & Wakefield
The Arvind Maftlal-owned Mafatlal Industries (MIL) is set to generate substantial revenue from its real estate resources. The group has taken its restructuring process further by striking a leasing arrangement with international property consultants Cushman & Wakefield. The company is also in active negotiations with Cushman & Wakefield for sale of floors at Mafatlal Centre.
Maruti Udyog joins issue with excise wing over Rs 158cr claim
Maruti Udyog (MUL) has notched up huge excise, customs and sales tax claims together of over Rs 158 crore, along with an income-tax demand of nearly Rs 99 crore. The company has disputed these claims and has lodged a protest against the excise and other departments of the revenue wing of the Union finance ministry.
Insurance, infotech ventures set to mark new AV Birla group era
The Rs 15,000-crore Aditya Vikram Birla group is all set to be piloted by Kumar Mangalam Birla into two crucial areas with new age growth potential: insurance and information technology. The group, besides consolidating its commodities businesses, with focus on value addition, will also be a major player in the emerging infrastructure sector.
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