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Saturday, August 21, 1999

Maruti Udyog sets turnover target at Rs 10,000 cr for 2000-01
Maruti Udyog Limited has set a turnover target of Rs 10,000 crore for the first year of the millenium. The company plans to a launch a string of new models but has put on hold setting up of a gearbox manufacturing unit in collaboration with Suzuki Motor Corporation of Japan.

S Kumars eyes acquisitions to expand overseas
After taking over Reid & Taylor, Kasliwals of S Kumars have decided to beef up the global network through overseas acquisitions and by setting up bases abroad.

Tata Finance in talks with foreign firms, mutual funds to sell part equity
Tata Finance Ltd is negotiating with foreign firms and mutual funds to sell a part of its equity through a private placement, said managing director Dilip Pendse on Friday.


Corporate Results


  MCN Energy ends power venture sale to Torrent
  'Azerbaijan, Turkmenistan row not to hit Caspian plan'
  IDBI aided firms post 13% rise in Q1 net
  SmithKline Consumer plnas to buy nutrition drink brands
  SmithKline Beecham chief to visit India on August 30
  Three Japanese banks set to form a colossus
  Tezpore Tea buys 51.6% stake in Merry View
  Sri Lanka's Daintee Confectionery sets up marketing venture with Chennai firm
  IPCL divestment to be completed by year-end
  Essar Steel plans to secure floating rate note holders
  Vintage Cards to offer Rs 28.9cr public issue
  Indian Hotels draws up Rs 800cr expansion plan over three years
  Satyam Infoway to invest Rs 50 crore for gateway
  Dynamic Container Freight gets nod to set up air cargo complex in Pune
  HP gets FIPB okay to set up fully-owned subsidiary



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