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Monday, September 13, 1999

IOC seeks 51% in Dahej project to make up for exit from Petronet LNG
Indian Oil Corporation has sought a 51% stake in Petronet Dahej which proposes to set up a $700 million terminal in Gujarat to import liquefied natural gas (LNG).

MTNL to raise Rs 900 cr via auction
The Mahanagar Telephone Nigam Ltd (MTNL) is planning to raise Rs 900 crore through an open bidding process. In effect, this will be the first instance of a corporate paper auction in the country.

Matsushita's local firms to adopt new boardroom plan to synergise operations
The heads of the eight Matsushita group companies in India will hold a quarterly conclave to work out strategies that would increase operational efficiencies of each company while bringing down overhead costs.


Corporate Results


  Wockhardt's human insulin set to enter clinical trials
  Institutional sales new focus area for Helene Curtis
  Ferrero Rocher to set up shop in India
  Colgate adspend on the upswing
  Vivek to strengthen retail chain in south
  Xerox asks 2 ModiCorp directors to go
  Essar Steel may up authorised capital by Rs 1,000 crore
  Divestment panel opposes move to keep IOC out of IPCL selloff
  British Standards bags nod to open arm
  Tisco's cold-rolling mill project to go on stream in June
  Ford to double dealer network by year-end
  DaimlerChrysler spikes plan to offload stake in local outfit
  Alps Industries set to foray into floorings
  SAIL 80 per cent Y2K compliant
  MRTPC strikes down Parke Davis complaint
  Himu Accessories to supply engine parts to LML Vespa
  Kone Corporation to beef up research to boost sales
  Briefing
  VSNL plans to enter STD, direct-to-home services
  VisualSoft ties up with UK-based Contemporary
  HFCL plans to spend Rs 25 crore on R&D
  HCL run by inefficient government managers



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