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Tuesday, March 23, 1999

Marathon may pip peers in race for Essar Power
Marathon Power Company of USA has emerged as the front runner to acquire 49% equity stake in Essar Power. Essar group said that Marathon and Essar were in the final stages of negotiating the shareholders agreement.

Mahindra group plans to unveil new logo
The over Rs 3,000-crore Mahindra group has become the latest to go in for a new corporate logo. The group is replacing its existing group logo which had touches of Chrysler's Jeep brand of vehicle in it and has asked an independent designer to come up with a new logo.

BPL acquires 4 colour-television plants on lease
BPL Ltd has acquired four colour television manufacturing facilities in the country on a lease basis. This takes the company's CTV manufacturing capacity to two million units from the existing 1.2 million per annum.


Inspirations furnishing fabrics


  Indian Airlines to do up interiors of 23 aircraft
  Radico Khaitan mulls foray into CIS, plans capacity expansion
  Barwe is IDFC Chief financial officer
  Delhi court rejects JT Mobiles plea on stay on bank guarantee encashment
  Government raises authorised capital of Hudco to Rs 1,250 cr
  Phillips Carbon eyes Lankan unit as China plan goes awry
  CLB order does not restrain us from assets sale, says Herbertsons
  Tisco suspends Gopalpur project work temporarily
  Gail swap to swell Centre's kitty by Rs 900 cr
  Bengal clears soft loan for Metal Box revival
  Crompton Greaves, Punjab Power merger proposed
  International rating agencies differ on China firms post-GITIC crash
  Comcast, MediaOne merge to create $97 bn giant
  Essar's delayed equity payment may hit Petronet pipeline debt plan
  Gucci agrees to review fresh LVMH offer
  StanChart unwraps global card with Visa, MasterCard banners
  RajTV seeks uplinking from VSNL in south
  Visa, MasterCard slugfest comes out of closets
  Ashok Leyland takes stock of the bottomline
  Market-place Briefing
  Briefing
  3Com to invest over $10 million in wholly-owned subsidiary in India
  Satyam Computer gets SEI-CMM Level 5 rating
  Briefing
  CMC develops system for postal dept
  Nokia to invest in India for tech development
  NSICT gives 150 metres of quay to JNPT
  Hilton group mulls re-entry through management tieups
  Saraswat, Vidya Sahakari banks ink strategic pact



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