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Monday, November 9, 1998

DoT set to speed up global mobile service firms' provisional licenses
The Department of Telecommunications (DoT) has initiated the process of granting provisional licences to six applicants for global mobile personal communication services (GMPCS) including Reliance Communications and Afro Asian Satellite Communication.

Reliance shifts gaze to east coast, eyes Andhra port
Reliance Industries (RIL) may construct Andhra Pradesh's first private sector port at Krishapatnam. Estimated to cost Rs 1,200 crore, the site is located 250 km north of Madras. RIL has, for sometime now, been trying to get a foothold on the eastern seaboard.

Glaxo earns anti-TB molecule development rights from Italian firm
Glaxo India has acquired the licensing rights to develop and take to the market a new long-acting rifampicin molecule from an Italian pharmaceutical company. Rifampicin is the bulk drug that goes into the manufacture of anti-TB formulations.


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Patel Roadways Limited


  PowerGrid likely to invite global bids for transmission plants
  IRFC to mobilise 8.85 billion yen ECB loan
  Yemen company plans three projects in Orissa
  Oman plan funds hinge on Thal expansion
  Corporate Briefing
  REC to help state power boards meet rural targets
  Allies agree to cut in Indo-Oman fertiliser costs
  Unocal bags Rs 2,600cr Maroli port contract
  Marketplace Briefing
  Bhutan cites synthetic content, bans Onjus sale
  Grasim to launch cotton-like polyester fabric
  Low gearing may aid Marico acquisitions
  SEBI, DCA plan joint approach on fly-by-night firms
  Orissa Synthetics sale plan faces new hurdle
  LG, Dixon to settle excise dues via Samadhan plan
  Panel may find IBP alliance plan hard to stomach, likely to suggest alternatives
  GIC group gets investment enquiries worth $2.5 billion


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