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FINANCIAL EXPRESS FRONT PAGE

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Monday, July 12, 1999

LIC appoints Booz Allen Hamilton to aid restructuring
Public sector insurance monolith Life Insurance Corporation has roped in Booz Allen Hamilton for its restructuring.

Canara Bank to appeal against order on ABCL
Canara Bank would appeal before the Appellate Authority of Industrial and Financial Reconstruction (AAIFR) against the July 9 order of BIFR which declared ABCL as a sick company.

Digvijay Cement drags Essar group company to court
Shree Digvijay Cement has filed a case against Essar Projects Ltd, a Essar group company, for dishonour of six cheques amounting to Rs 65 lakh issued by the latter.



  Asthon diamond trade picks up in '98 end
  BK Birla group to exit from Akzo venture
  BSES plans to sell part stake in joint ventures
  Wipro's Soota to float software firm
  Apollo Tyres declares lockout at Perambra unit
  Shree Digvijay Cement moves court against Essar group firm
  Maruti Udyog to raise output 19% in July to 38,000 units
  Gestetner India may miss Rs 74-crore sales target
  Konka Electronics to keep clear of price war, says CEO Puri
  Raymond locked in talks with foreign firms to sell steel unit
  Videocon to unveil Semi-Tech Global's colour TV brand in economy segment
  Sterlite's Aggarwals submit new plan to revive Pennar Aluminium
  SoftPlus to double Indian operations
  PFC recovery level at 99.6%
  Bhel bid specifications inadequate to meet NTPC needs, says ABB trade body
  JT Mobiles to avail Rs 340 cr credit for expansion
  BFL Software -- Down, but not out
  Restructuring, textile wing hive-off turn spotlight on Kesoram Cement
  Toyota may get nod for venture in China
  EC permits Glaxo to market AIDS drug Ziagen in EU
  Three international firms to market Tidco's Tidel Park
  Lever to relaunch Lux by year-end
  Philips targets Andhra market with localised campaign
  Citibank offers debit card platform to state-run banks
  Godrej Foods
  Hindalco's gaze turns to brownfield expansion
  Glaxo formulates fresh incentives to push Septran sales through medical reps
  Telco mulls Sumo's stripped-down version
  Finance ministry rejects Rashtriya Ispat bailout plan
  IOC to partner ONGC for E&P on Krishna-Godavari basin
  MSEB ups capex to Rs 2000 cr to cover generation outlay



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