Friday, December 24, 1999
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Dabur, Zandu focus of next mega deal

There may be just no stopping the deal mania now. Another mega deal, this time a marriage of Chyavanprash giants -- Dabur and Zandu -- is believed to be at the basic laboratory stage of development.

Grasim in talks with Pallonji Mistry to buy SIV

Kumar Mangalam Birla could be heading towards his third acquisition in a matter of days. The Aditya Birla group flagship Grasim Industries is understood to be in negotiations with the Shapoorji Pallonji group to buy a controlling stake in SIV Industries (formerly, South India Viscose).

Unilever arm to pick 65% in Rossell for Rs 113 crore

The wholly-owned subsidiary of Unilever PLC, Unilever Overseas Holding, will acquire 65% in Rossell Industries' equity at a negotiated price of Rs 173 per share.

BPL, HDFC Bank seal e-trade pact

In one of the first marriages of ``clicks'' and ``bricks'' in the Indian consumer durables industry, the Rs 1,931 crore BPL Ltd will start selling its full range of small appliances, colour televisions and washing machines on the Internet from next Monday.

Telco's control room in Pune to squish bug

The millennium bug is not a showstopper at Telco. Vehicle despatch is expected to be smooth. Vendors will be paid on time. There has so far been no panic in the payment of advance salary.

Executive Briefings

bullet.jpg (687 bytes) Volatility topples Sensex from 5000 perch

bullet.jpg (687 bytes) FIPB clears proposals worth Rs 5,592 cr

bullet.jpg (687 bytes) Reliance seals Rs 44,000cr reinsurance deal with Munich Re-led consortium

bullet.jpg (687 bytes) Centre may tap open bidding route for IBP disinvestment

bullet.jpg (687 bytes) Royal Philips plans to forge strategic tieups

bullet.jpg (687 bytes) Mercedes-Benz India's net worth erodes 50%, knocks on BIFR door

bullet.jpg (687 bytes) RBI may recall its nominees from bank boards


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