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Sunday, August 15, 1999

`Vijay Kirloskar stake sale in KIFL not to affect group firm
The exit of Kirloskar Electric Company and Vijay Kirloskar from Kirloskar Investments & Finance (KIFL) through the sale of 14% stake to Harisingh Champawat of Ahmedabad will in no way affect any manufacturing company in the Kirloskar group.

IA ties up with Emery Worldwide to carry cargo
Indian Airlines (IA) on Saturday entered into a strategic alliance with leading air freight transporters Emery Worldwide for carriage of cargo from Singapore to India.

Hindustan Motors seeks legal opinion on Uttarpara layoff
Hindustan Motors Ltd is seeking legal opinion following the rejection of its proposed layoff at the Uttarpara unit by the Industrial Tribunal.


Corporate Results


  Otis Elevators helps mentally handicapped children
  Cathay sponsors African safari for Mumbai kids
  Centre invites bids to advise on MFL stake sale
  No interruption in global service, says Iridium
  Usha Martin to offer free incoming calls from today
  MTNL to launch package for customers of private Internet service providers soon



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