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Wednesday, October 14, 1998

Ministry set to take up IBP alliance plan with state-run oil firms' chiefs
The ministry of petroleum and natural gas will hold a brainstorming session on Wednesday to discuss an alliance of IBP, Madras Refineries (MRL), Cochin Refineries (CRL) and Bongaigaon Refinery & Petrochemicals.

Indian Aluminium board recast on anvil; Tapan Mitra may quit
Tapan Mitra, the high-profile managing director and vice-chairman of Indian Aluminium Co, is likely to resign during the company's board meeting scheduled on October 26. The entire board will also be recast, with more directors from its Canadian associate Alcan Aluminium.

Paper Products acquires Thapar firm assets, expands capacity
Paper Products, a major player in the flexible packaging industry, has expanded its capacity with the acquisition of the Thapar group company APR Ltd's assets. The acquisition will also enable Paper Products to enter the carton segment of packaging.


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  Renong plans group restructuring
  Crisis holds up Murdoch's plan for Fox IPO
  Responsibility weighs on big firms, says Nestle chairman
  World Briefing
  DSQ Software, UK firm patch up out of court
  IBM targets consumers with new low-priced notebook
  Caltex forecasts refinery closure
  Tata Sons plans to hive off its engineering arm
  Marketplace Briefing
  Morarjee Castiglioni unveils new home-furnishing range
  Euromedica Plc set to forge pact with local firm
  Corporate Briefing
  Lever plans to unwrap Savlon soap
  TEC Jojobera power plan runs into rough weather
  Maharashtra Hybrid Seeds chief bags world food prize
  Air-India staff seek deadline extension for leave schemes
  Fiat Auto set to launch Siena diesel model early next year
  Samkrg Pistons hits a new high
  Cellular operators oppose move to make callers pay
  SEBI clears Century Plyboards promoters' bid to up stake
  Financial Briefing
  Malabar Cements H1 net dips to Rs 7 crore despite jump in sales
  Thomson gives sub-investment grade ratings to 16 local banks
  SBI to disburse RIB proceeds to institutions
  Cadila Healthcare plans foray into hair-care segment
  Fena accuses HLL of ad campaign blackout
  Siena price tag may challenge Esteem rule
  Indian Oil plans to market half of Reliance Petro, Essar Oil
  BSES, TEC lock horns over power supply
  Surplus staff eat into NHPC profits


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